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
American Apparel & Footwear Association (AAFA), the US’s largest trade body in the apparel and footwear sector, and the Fair Labour Association (FLA) tied Bangladesh’s efforts to improve labour rights to ensure successful tariff negotiation with the Trump administration.
The association urges the interim government to send a letter to India seeking the opportunity
Bangladesh does not want any further escalation in tension with India, as the recent retaliatory moves are affecting bilateral trade
The commerce ministry has convened an inter-ministerial meeting today to work out ways to address India’s restrictions on imports from Bangladesh through land ports.
"This sudden decision could severely disrupt bilateral trade"
Global fashion brands are reaping triple-digit profits on Bangladeshi garments, buying at $3 and selling for three to four times more. Yet, they continue to pressure factories to cut prices further.
Bangladesh should improve garment quality and delivery speed amidst intense competition in global supply chains arising from US President Donald Trump’s recent reciprocal tariffs, said some international traders yesterday..Bangladesh has the opportunity to retain its competitive edge due t
Bangladesh will propose lowering the import tariff for certain American goods and increasing the volume of imports of some items as part of the efforts to narrow the trade gap with the US, which elicited a fresh 37 percent reciprocal tariff from the Trump administration.
Building a warehouse facility in Bangladesh for US soybean products can boost its import and help reduce the bilateral trade gap, Bangladeshi traders said at the Sustainasummit and Aqua Tech Talks in Sri Lanka.
Bangladeshi traders say at global summit in Sri Lanka
