Home / Knowledge / News / Apparel/Garments / Allow exporters to partly sell to foreign outlets: BGMEA

Allow exporters to partly sell to foreign outlets: BGMEA

21
Jan '20
Pic: Shutterstock
Pic: Shutterstock
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently requested the National Board of Revenue (NBR) to allow garment exporters to sell free of duty a portion of their export products to global brands’ outlets in Bangladesh. Domestic apparel brands have opposed the proposal saying such a move would hurt their businesses due to uneven competition.

BGMEA president Rubana Huq, in a letter to the NBR chairman on January 11, said that many renowned global brands expressed interest in establishing outlets in Bangladesh but held back the plans due to lack of conducive policy support,according to Bangla media reports.

“The country is losing foreign investment and local consumers are being deprived of the ability to buy global brands’ products at reasonable prices due to lack of time-befitting policy,” Rubana said in the letter.

According to a statutory order issued by the NBR in June 1996, cent per cent export-oriented industries are allowed to sell products equal in volume to 20 per cent of their total exports of the previous year in the domestic market by paying the applicable duty.

But many foreign brands are keen to procure the 20 per cent products free of duty for their outlets in Bangladesh, Huq said.

She requested the NBR to formulate a policy to facilitate selling of the 20 per cent products duty-free and to consider the sale as export.

Recently, French sporting goods retailer Decathlon sent a letter to BGMEA seeking its cooperation to procure products from exporters duty-free, according to BGMEA officials. The brand said it had to pay 130 per cent customs duties for importing many garments and shoes, even for ones made in Bangladesh, to sell at its outlet.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Apr 2020

UKFT campaigns to support small companies amid COVID-19

UKFT is urging the government to provide support for individuals or...

Pic: Shutterstock

Apparel/Garments | On 3rd Apr 2020

China's silk town Shengze sends face masks to Milan

The Shengze Chamber of Commerce in the city of Suzhou in China’s...

Pic: H&M

Fashion | On 3rd Apr 2020

H&M awards €1 mn to five innovations of fashion industry

From lab-grown cotton and creating fabrics from protein DNA, to...

Interviews View All

Footwear industry, Head honchos

Footwear industry
Head honchos

Personalised and differentiated footwear is in high demand

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Joachim Maier,

Joachim Maier

Switzerland-based Uster Technologies AG is the leading high technology...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

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

Leave your Comments


March 2020

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


Advanced Search