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

Bangladesh demands better prices for garment items from US

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

Vietnam targets $40 bn in textile-garment exports in 2019

Apparel/Garments | On 22nd Jan 2019

Vietnam targets $40 bn in textile-garment exports in 2019

The Vietnam Textile and Apparel Association (VITAS) has set a target...

Myanmar RMG units exporting to EU rose by 180 in 5 yrs

Apparel/Garments | On 22nd Jan 2019

Myanmar RMG units exporting to EU rose by 180 in 5 yrs

The number of readymade garment (RMG) factories in Myanmar that...

Courtesy: Microsoft

Textiles | On 22nd Jan 2019

Microsoft India launches e-com site for handloom weavers

Microsoft India recently launched a new e-commerce platform,...

Interviews View All

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Veronique Lee, Modavanti

Veronique Lee

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

Top executives, Fabric manufacturers

Top executives
Fabric manufacturers

Domestic manufacturers would get an edge over imported products

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

January 2019

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

news category

Related Categories:

Advanced Search