The US has demanded zero duty facility for a large number of its products from Bangladesh.
Bangladesh should shift its focus from volume-driven garment exports to value-added products to retain more export earnings at home, said Mahmud Hasan Khan, the newly elected president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
The diverging outcomes threaten to create a multi-tiered tariff landscape in Asia, placing nations like Bangladesh at a serious disadvantage in the US market.
The second round of tariff negotiations between Bangladesh and the United States ended yesterday in Washington, DC, with both sides reviewing and debating key proposals.
Bangladesh is facing pressure from Washington to decouple its manufacturing industries from Chinese suppliers, according to officials familiar with trade negotiations
The tariff places Bangladesh at an immediate disadvantage against regional competitors in the garment trade.
Bangladesh maintained its position as the world’s second‑largest apparel exporter in 2024, behind only China, according to World Trade Organization (WTO) data.
New US tariffs challenge RMG sector, but global competitive edge holds
The US has demanded zero duty facility for a large number of its products from Bangladesh.
Bangladesh should shift its focus from volume-driven garment exports to value-added products to retain more export earnings at home, said Mahmud Hasan Khan, the newly elected president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
The diverging outcomes threaten to create a multi-tiered tariff landscape in Asia, placing nations like Bangladesh at a serious disadvantage in the US market.
The second round of tariff negotiations between Bangladesh and the United States ended yesterday in Washington, DC, with both sides reviewing and debating key proposals.
Bangladesh is facing pressure from Washington to decouple its manufacturing industries from Chinese suppliers, according to officials familiar with trade negotiations
The tariff places Bangladesh at an immediate disadvantage against regional competitors in the garment trade.
Bangladesh maintained its position as the world’s second‑largest apparel exporter in 2024, behind only China, according to World Trade Organization (WTO) data.
New US tariffs challenge RMG sector, but global competitive edge holds
The nation exported garments worth $38.48 billion last year
Bangladesh expects a tariff rate of 20 percent or less in high-stakes trade talks with the US, after Washington fixed the same rate for Vietnam, a close competitor in global garment trade, officials familiar with the negotiations said.
