Trade body BGMEA president Mahmud Hasan Khan has termed the lowering of US reciprocal tariff on his country to 20 per cent from 35 per cent a ‘big relief’ for the domestic RMG industry.
Citing the US executive order, he said if at least 20 per cent of US raw materials are used by Bangladesh manufacturers, the additional 20-per cent tariff would not be applicable to the value of American raw materials.Trade body BGMEA president Mahmud Hasan Khan has termed the lowering of US reciprocal tariff on his country to 20 per cent from 35 per cent a ‘big relief’ for the domestic RMG industry.
Citing the US executive order, he said if at least 20 per cent of US raw materials are used by Bangladesh manufacturers, the additional 20-per cent tariff would not be applicable to the value of American raw materials.
