Background
The textile and clothing industries provide the single source of growth in Bangladesh's rapidly developing economy.^[Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh’s total merchandise exports.^[2] By 2013, about 4 million people, mostly women, worked in Bangladesh's $19 billion-a-year industry, export-oriented ready-made garment (RMG) industry. Bangladesh is second only to China, the world's second-largest apparel exporter of western brands. Sixty percent of the export contracts of western brands are with European buyers and about forty percent with American buyers.^[3] Only 5% of textile factories are owned by foreign investors, with most of the production being controlled by local investors. (Source: Wikipedia)