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The New EU Rules Have Caused Huge Losses To Bangladesh'S Textile And Clothing Industry.
Because the EU relaxed its import restrictions, allowing clothing exporters to buy Fabrics from other countries directly led to losses in more than 1300 local textile factories in Bangladesh.
The new regulation was formally implemented in January 1st this year.
As the largest garment market, the European Union has been one of the most important export markets for Bangladesh clothing.
Bangladesh apparel garments
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