Bangladesh will push the US government to offer a lower tariff or similar duty benefits like Sri Lanka and Pakistan under World Trade Organisation (WTO) rules, said Mujibur Rahman, chairman of the Bangladesh Tariff Commission (BTC).
The Daily Star reported that although Bangladesh is a least developed country (LDC), it will seek the benefits, as it fears to lose competitiveness to developing Sri Lanka and Pakistan whom are already getting privileges from the US for their embattled political situation. Discussions are running to bring down the tariff rates to five percent for five selected garment items in Sri Lanka and Pakistan within five years.
Already have an account? Log in
Recommended
Most Popular
This Month's Magazine
Opinion
How the emerging technology of agrivoltaics can help cotton growers to lower climate impacts
Why the widespread use of hazardous chemicals poses a substantial risk to investors
Supply chain data: using the worst case scenarios is much better than using average data
Features
The EU fashion sector is in danger of reaching its climate goals eight years too late
Growing waste means the textile recycling sector faces collapse
Supply chain data: Why using the worst is better than using the average
News
Treading lightly – the material footprint of EU clothing and footwear is just 1% of the overall total
Other publications from MCL News & Media
