Dhaka, Aug. 10 -- Bangladesh's garment exports dropped 11.92percent quarter-on-quarter to $9.11 billion in April-June of FY2024-25, central bank data shows. Despite the quarterly setback, the figure stood 3.15percent higher than the same period last year.
The Bangladesh Bank report pointed to several headwinds weighing on the readymade garment sector. Chief among them was the United States' announcement of a 35percent countervailing duty on Bangladeshi apparel. Though the tariff is not yet in force, the news triggered uncertainty, prompting some buyers to postpone orders.
Adding to the strain, India's restrictions on garment imports via land routes disrupted logistics and constrained access to a key regional market. The sector was furth...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.