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The textile and clothing industries provide the most significant source of economic growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By the end of December 2024, the Bangladeshi Garments Industry has earned $50 Billion from exports, an 8.3% increase in the past year according to the Export Promotion Bureau (EPB). By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports. Emerging as the world's second-largest exporter of ready-made garment (RMG) products, Bangladesh significantly bolstered employment within the manufacturing sector.
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