Garment export to the United States, Bangladesh’s single largest market, is showing signs of a rebound on the back of a revival of the world’s largest economy, consumers opening up their wallets, and falling inflation.
Garment exports to the US, the biggest market for Bangladeshi products, declined by around 25 percent year-on-year to $7.28 billion last year for a slowdown in imports by American fashion retailers and brands due to high inflationary pressure.
Bangladesh’s garment exports to the US can increase anywhere from $400 million to $800 million annually if the American government offers a “cotton GSP scheme”, according to a study.
Garment export to the United States, Bangladesh’s single largest market, is showing signs of a rebound on the back of a revival of the world’s largest economy, consumers opening up their wallets, and falling inflation.
Garment exports to the US, the biggest market for Bangladeshi products, declined by around 25 percent year-on-year to $7.28 billion last year for a slowdown in imports by American fashion retailers and brands due to high inflationary pressure.
Bangladesh’s garment exports to the US can increase anywhere from $400 million to $800 million annually if the American government offers a “cotton GSP scheme”, according to a study.
