Dhaka, May 26 -- Bangladeshi garment makers are missing out on a huge market in Latin America due to tariff barriers imposed by the Mercosur countries, businesses and analysts say.

Established in 1991 to promote free trade and regional integration, Mercosur is a South American trade bloc with four full members -- Argentina, Brazil, Paraguay, and Uruguay.

Despite the enormous potential of Bangladeshi products to enter South America in higher volumes, the lack of bilateral or multilateral trade deals is affecting businesses.

Brazilian and Bangladeshi businessmen have told The Financial Express although they want to expand business with Bangladesh, the tariff barriers are creating huge roadblocks.

Brazil's 35 per cent import tariff on re...