Home / Knowledge / News / Apparel/Garments / Sign TICFA to get duty-free access for garments – US
Sign TICFA to get duty-free access for garments – US
07
Jun '12
Bangladeshi garments will not get duty-free access to the US market unless Trade and Investment Cooperation Forum Agreement (TICFA) is signed, the US envoy to Bangladesh said.

Dan Mozena made this US line clear at a meeting with members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

TICFA is a forum to identify and seeks to resolve obstacles to increase bilateral trade and investment between the two countries. However, the signing of the deal has been dragging on since four years.

Mozena put the blame squarely on Bangladesh for not signing the TICFA deal and said it was interpreted as Bangladesh walking back on a deal, back in the US.

Bangladesh has been demanding tariff-free access for its apparel products to the US markets, on the strengths of it being termed a Least Developed Country (LDC).

Most of the Bangladeshi exports to the US attract nil duty, however, garments, which is the major export revenue generator is not considered for duty-free status.

The ambassador also conveyed the negative perceptions in the US with regards to the violence in the country's garment sector.

Currently, Bangladeshi clothing exports enjoy tariff free status to the EU, Canada, Japan, China, and India.

Bangladesh has over 5,000 garment manufacturing units employing over 4 million workers, a majority of them women.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search