>>
Home / Knowledge / News / Apparel/Garments / Bangladesh seeks US investment in high-end garment sector
Bangladesh seeks US investment in high-end garment sector
18
May '17
Bangladesh has called for US investment in the high-end garment sector during the third round of talks under the Trade and Investment Cooperation Forum Agreement (Ticfa). The issue of Bangladeshi garments attracting high duty in the US markets was also raised. However, US reinstatement of GSP privileges to Bangladesh was not discussed in the meeting.

“We have not discussed the GSP issue,” said Bangladesh acting commerce secretary at the post-meeting briefing in Dhaka. However, Bangladesh raised the issue of high duty on its garment shipments to the US.

Readymade garments from Bangladesh currently attract 15.62 per cent duty while entering the US, which reduces competitiveness of these products in the US market.

In his briefing, Bose said that Bangladesh has sought US investment in some sectors, including the high-end garment sector, telecom and energy sectors. Fair prices of goods, technology transfer and infrastructure development were also discussed in the meeting.

The 15-member US delegation was led by Mark Linscott, assistant US trade representative, at the meeting held to promote expanded bilateral trade and investment in goods and services.

“Both governments pledged their commitment to deepen their engagement and increase their trade and economic ties. The United States particularly noted its interest in addressing specific market access barriers to trade and concerns on overall labour reform,” the US Embassy in Dhaka said in a press release.

In 2016, the two-way trade between Bangladesh and the US was $6.8 billion. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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

ESTEEMED CLIENTS

Lenzing Aktiengesellschaft
C;&A Sourcing International Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Tory Burch Hong Kong Ltd
Gokaldas Exports Limited
Phong Phu international JSC (PPJ)
International Textile Manufacturers Federation
Reiter India Private Limited
Varner AS Retail
G-Star Raw C.V.
Chico’ FAS
Gloria Jeans
Eastman Chemical Company
Sportswear Company Spa
Brandix Lanka Limited
Landmark Group
Vardhman Textile Ltd
Lacoste (Wanchai)
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Aramark Uniform ;& Career Apparel, LLC
Guess Europe Sagl,
Gap International Sourcing Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Abit
Groz-Beckert East Asia LLP
Tommy Hilfiger
Hirdaramani International Export Private Limited
J ;& P Coats
Under Armour Global Sourcing Ltd
Hela Clothing Pvt Ltd
Rayonese Textile Inc., Division de Culp Inc.
IDH – The Sustainable Trade Initiative
Green Fibre
Sainsbury's Argos Asia Limited
BIANCA
Walmart
THE BOMBAY DYEING ;& MFG.CO. LTD
Decathlon
Truetzschler India Private Limited
Tchibo GmbH
Desigual - ABASIC, S.A.
Rosset ;& Cia Limited
MAS Active / MAS Kreeda / MAS Bodyline
Gatsby Africa
Huntsman (Singapore) Pte Ltd
John Varvatos
Boardriders Asia Sourcing Limited
KIABI
Restoque S.A.
Etam Group Strategy Hong Kong Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Lisa S.P.A.
Helly Hansen Far East Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Esprit Europe Services GmbH
Aquarelle Clothing Limited
Sportmaster Ltd.
Puma
T.T. Limited
Splash
Vianney Textil Hogar S.A. De C.V.
PVH Corporation
Lifestyle
Babyshop
LC Waikiki
KAS Direct Sourcing
OVS Hong Kong Sourcing Ltd.
Seasalt Limited
Cat Tuong Real Estate Group Joint Stock Company
Maceton Limited
Grasim Industries Limited
The Top Form Brassiere Manufacturing Company Limited
Bluestem Global Sourcing Limited
Page Industries Limited (Bangalore)
Arvind Limited
The LYCRA Company Singapore  Pte. Ltd
Benetton Group
SHAHI Exports Pvt Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Amazon China
Midas Clothing Limited
NITI Aayog
Lululemon Athletica Inc
BIMBA ;& LOLA SL
Chori Company Limited
Asos
SYNERGIES HONG KONG LIMITED
Calvin Klein
IKEA of Sweden AB
Target Corporation (MN)

January 2022

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


Advanced Search