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

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search