Home Street Fashion Even 5% US tariff is too much for Bangladesh apparel industry: CPD

Even 5% US tariff is too much for Bangladesh apparel industry: CPD

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Bangladesh’s apparel industry will find it tough to absorb even a 5-per cent additional tariff on the FOB price as it comes at a time of global economic uncertainty, soaring interest rates and rising energy costs, a think tank study revealed.
The impact will be especially severe for SMEs.
The think tank criticised Dhaka for not contesting the non-disclosure clause in the US-proposed tariff framework.Bangladesh’s apparel industry will find it tough to absorb even a 5-per cent additional tariff on the FOB price as it comes at a time of global economic uncertainty, soaring interest rates and rising energy costs, a think tank study revealed.
The impact will be especially severe for SMEs.
The think tank criticised Dhaka for not contesting the non-disclosure clause in the US-proposed tariff framework.