Bangladesh plans to scrap FoC import quotas, aiming to boost competitiveness, reduce production costs, and attract more global buyers.
Some industry insiders project an export surge of $5–10 billion, as quota removal allows for smoother sourcing.
However, there are some concerns among textile and accessory makers, who fear that increased FoC imports may curb demand for local inputs.Bangladesh plans to scrap FoC import quotas, aiming to boost competitiveness, reduce production costs, and attract more global buyers.
Some industry insiders project an export surge of $5–10 billion, as quota removal allows for smoother sourcing.
However, there are some concerns among textile and accessory makers, who fear that increased FoC imports may curb demand for local inputs.
