1. About Trade liberalization policy: Bangladesh need a more careful approach as trade liberalization has already provided evidences that it can promote advantages out of the comparative disadvantages for many but not the entire. 2. The future of manufacturing industry: Although the anxiety among the entrepreneurs, policy makers and economists is still very high; on the contrary, the clothing sector has remained more or less unscratched by the global crisis. Still Bangladesh is low end of the RMG market; there is no room for export cynicism country like Bangladesh. Bangladesh not only survived but even expanded its market share by paying proper attention to market trends. 3. Women employment context: There is ambiguity about trade Liberalization and Feminization of labor force. In fact discriminatory forces underpin a huge influx of women's emergence in the informal sector, which feminized the labor force. Just after phasing out of MFA women workers suffered the most. The percentage of women workers shockingly came down form 90% to around 65%. But in 2007, participation rate had been increased among the female garment workers, which was 85%. So, there is some hope for manufacturing industry and women employment if gender based strategies are taken into consideration along with suitable market based strategies focusing on the shortening the lead time, duty-free imports, improved infrastructure, training for workers, compliance standards, production incentives, quality and cost competitiveness.