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In 2024, Bangladesh’s global garment exports were $50.9 billion, which is much higher than India’s $16.3 billion. (AI image) The US-Bangladesh trade deal has the Indian textile sector exporters worried? The Donald Trump administration has reduced the tariffs on Bangladesh to 19%, but a clause of zero tariffs on textile exports may hit the Indian…
The possibility of zero-tariff entry for select Bangladeshi textile and apparel exports has moderated the earlier optimism surrounding Indian exporters. (AI image) The US-Bangladesh trade deal announced on Tuesday may indirectly deal a blow to the export ambitions of India’s textile sector. Under the trade agreement between the two countries, the US is reducing the…
The United States and Bangladesh on Monday reached an Agreement on Reciprocal Trade as both sides seek to deepen their “bilateral economic relationship”. Under the arrangement, Bangladesh’s exports to the American market will face a 19% tariff, slightly below the earlier rate of 20%. The signing brought together US trade representative Jamieson Greer and Bangladesh’s…
Bangladesh’s interim government plans to sign a secret tariff agreement with the United States on February 9, just three days before the country’s parliamentary elections and about a week after India secured a trade with the US. The move has sparked concerns among business leaders and analysts due to its timing and lack of transparency,…
