REGIONAL CUMULATION FACILITY UNDER EC-GSP:STRATEGIC RESPONSE FROM SHORT AND MEDIUM TERM PERSPECTIVES

In the recent past, the issue of whether Bangladesh should take advantage of the EU-GSP under the regional cumulation (RC) facilities has emerged as a highly contentious one. The interests of the influential export-oriented RMG sector and the emerging textile industries appear to be in direct and immediate conflict over this particular policy choice. Since the matter is related to the strategic interest of the country’s apparel exports in the medium and long-term, it calls for a close scrutiny. The paper candidly has done this scrutiny.