Home / Knowledge / News / Apparel/Garments / Bangladesh demands better prices for garment items from US

Bangladesh demands better prices for garment items from US

21
Sep '18
Bangladesh demands better prices for garment items from US
Bangladesh sought better prices for its exports, especially garments, from US retailers and brands, duty privilege for all products exported to the US market, and increased investment from the United States at the fourth meeting of the Trade and Investment Forum Agreement (TICFA) held in Washington last week, according to the Bangladesh commerce ministry.

Despite Bangladeshi garment makers spending billions on remediation activities in their factories as per recommendations of Accord and Alliance platforms, western buyers, including those in the United States, do not want to raise the prices a bit giving excuse of a fall in demand for apparel items in their countries, Bangladesh newspaper reports quoted a ministry statement as saying.

The United States was also reminded of the Bali declaration of the World Trade Organisation in 2013, when developed nations agreed to offer duty waiver to goods from least developed countries.

Bangladeshi products also enjoy the duty waiver, but the United States kept garment items out of the list. Bangladeshi garment makers now pay a 15.62 per cent duty for export to the United States.

According to US Census Bureau data, the overall value of Bangladesh's exports to the United States increased 5.83 per cent year-on-year to $3.63 billion in the first seven months of this year, thanks to higher apparel shipments.

In the same period, apparel exports to the US market grew 5.61 per cent year-on-year to $3.21 billion and Bangladesh became the third-highest garment exporter to the United States, according to data from the US Office of Textile and Apparel.

In June 2013, the US Government had suspended Bangladesh's trade privilege—the generalised system of preferences—citing poor labour rights and workplace safety.

Bangladesh also requested US cooperation for sustainability of its economy after the country's graduation to the developing country's category. At the meeting, the US representatives urged Bangladesh to import more US cotton and improve intellectual property rights. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 14th Jul 2020

Falling textile-garment exports in Vietnam threaten jobs

Vietnam's textile and garment sector could see more job losses in the ...

Pic: Bodygram

Retail | On 14th Jul 2020

Transcosmos signs agreement with Bodygram, Japan

Transcosmos, headquartered in Japan, has signed a partnership...

Pic: IWTO

Textiles | On 14th Jul 2020

How clothes are used determines sustainability: AWI

Sustainability of clothing greatly depends on the number of times it...

Interviews View All

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Priyanka Gandhi,

Priyanka Gandhi

Established in 2016, Surat-based Shree Ganesh Yarns is a manufacturer of...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


July 2020

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


Advanced Search