Dhaka, Feb. 11 -- Bangladesh's garment industry is pfor a major export breakthroughoised in the United States following the signing of the landmark Agreement on Reciprocal Trade (ART).
Under the new agreement, the general reciprocal tariff on Bangladeshi exports has been reduced from 20 percent to 19 percent. However, the most significant gain lies in a specialized 'zero-duty' clause:
Apparel manufactured in Bangladesh using US-sourced cotton or man-made fibers will be exempt from the 19 percent reciprocal tariff. Experts say it will unlock unprecedented opportunities in Bangladesh's largest single export market, where RMG comprises over 80% of the basket.
BGMEA welcomes landmark Bangladesh-USA tariff agreement
This effectively brings...
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