Dhaka, April 18 -- American buyers are carefully monitoring the newly negotiated US trade agreement with Bangladesh, especially its textile -and apparel-specific provisions, to recalibrate their apparel- sourcing strategies amid tariff and geopolitical tensions, a new study reveals.
The Agreement on Reciprocal Tariff between Bangladesh and the United States, signed on February 09, reduces the reciprocal tariffs imposed on Bangladeshi products on the US market from 20 per cent to 19 per cent.
It also introduces duty-free facilities for using American inputs. Garment produced from cotton and man-made fibres imported from the United States will not be subject to any reciprocal tariff whatsoever.
According to the study findings, US fashion...
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