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Textiles and clothing in Asian graduating LDCs – Challenges and Options

Graduation from LDC status will have a significant impact on the textiles and clothing (T&C) exports of Asian graduating LDCs, reported: Bangladesh, Cambodia, Lao People’s Democratic Republic (PDR), Myanmar, and Nepal. The COVID-19 global pandemic hit the T&C sector hard, and these countries must now also prepare for any potential graduation-related challenges — including the loss of some trade preferences — to ensure a smooth transition from LDC status. How they cope will contractually depend on the extent to which such adjustments can cushion the impact on their T&C sector.

This synthesis report is based on a number of studies undertaken by several UN agencies and the World Trade Organization (WTO) into various aspects of Asian LDCs’ T&C trade and their interactions with LDC graduation-related adjustment challenges. The underlying studies particularly located such issues as individual countries’ market access provisions after graduation; the nature of their participation in the T&C global value chain (GVC) and associated implications for policy options; firm-level perceptions and preparedness about graduation-related challenges and export prospects; and perspectives of global fashion brands and retailers on their future sourcing strategy in connection to LDC graduation.

Scope: 40 pages
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