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Mahmud Hasan Khan, BGMEA president, announced that Bangladesh could receive extra tariff concessions if it uses at least 20% raw materials from the U.S., such as American cotton, in garment production. Currently, U.S. tariffs on Bangladesh exports total 36.5%, including a new 20% additional tariff. Continued negotiations with the U.S. are crucial for further reductions. The government is urged to support industries, especially small and medium factories, to offset rising costs and improve trade efficiency.
The ‘1 Nojor’ media platform is now live in beta, inviting users to explore and provide feedback as we continue to refine the experience.