Dhaka, Aug. 3 -- The effective tariff rate on Bangladeshi garment exports to the United States has risen to 36.5 per cent, comprising a newly introduced 20 per cent reciprocal tariff in addition to the existing 16.5 per cent Most Favoured Nation (MFN) duty, according to Mahmud Hasan Khan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Addressing a press conference at the BGMEA headquarters on Saturday, Khan acknowledged that the added tariff poses further pressure on exporters. However, he highlighted a built-in provision allowing for partial tariff relief, contingent upon the sourcing of raw materials from the United States.
"Exporters will be eligible for a proportional rebate if at least 20 per c...
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