Dhaka, July 12 -- The US representatives, during negotiations with the Bangladeshi trade delegation, proposed a 40 per cent local value addition threshold. However, the Bangladeshi delegation is negotiating for a relaxation of this requirement, seeking a lower threshold considering the 'Rules of Origin'.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Mahmud Hasan Khan (Babu) said this during a meeting with the Dhaka Reporters' Unity (DRU) Executive Committee on Saturday afternoon at the BGMEA office in Uttara.

DRU president Abu Saleh Akon and General Secretary Mynul Hasan Sohel also spoke at the discussion.

Talking to Financial Express, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) Pr...