{"id":1969,"date":"2025-08-04T20:35:09","date_gmt":"2025-08-04T20:35:09","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/04\/lowering-of-us-tariff-on-bangladesh-exports-to-20-big-relief-bgmea\/"},"modified":"2025-08-04T20:35:09","modified_gmt":"2025-08-04T20:35:09","slug":"lowering-of-us-tariff-on-bangladesh-exports-to-20-big-relief-bgmea","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/04\/lowering-of-us-tariff-on-bangladesh-exports-to-20-big-relief-bgmea\/","title":{"rendered":"Lowering of US tariff on Bangladesh exports to 20% &#8216;big relief&#8217;: BGMEA"},"content":{"rendered":"<p><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/static.fibre2fashion.com\/Newsresource\/images\/304\/adobestock-1549312519_315973.jpeg\" \/><\/p>\n<div>\n    <span class=\"news-details-txt\">Bangladesh Garment Manufacturers and Exporters Association (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 &#8216;big relief&#8217; for the domestic readymade garment (RMG) industry.<\/p>\n<p>Bangladesh RMG items faced most favoured nation (MFN) tariffs at a rate of 16.5 per cent earlier. Due to the new 20-per cent additional duty, tariffs will now be 36.5 per cent, varying based on product categories, he said.<\/p>\n<p>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 &#8216;big relief&#8217; for the domestic RMG industry.&#13;<br \/>\nCiting 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.<\/p>\n<p>Citing the US executive order, the BGMEA president 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.<\/p>\n<p>About three-fourths of Bangladesh&#8217;s apparel exports to the United States are cotton-based.<\/p>\n<p>Cautioning against complacency, he told a press conference that the industry must continue to enhance its competitiveness while expecting continued policy support from the government.<\/p>\n<p>&#13;<\/p>\n<p class=\"text-right f2fdesk\">Fibre2Fashion News Desk (DS)<\/p>\n<p>&#13;<br \/>\n    <\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fibre2fashion.com\/news\/apparel-news\/lowering-of-us-tariff-on-bangladesh-exports-to-20-big-relief-bgmea-304385-newsdetails.htm\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bangladesh Garment Manufacturers and Exporters Association (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 &#8216;big relief&#8217; for the domestic readymade garment (RMG) industry. Bangladesh RMG items faced most favoured nation (MFN) tariffs at a rate of 16.5 per&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fashion"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/1969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=1969"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/1969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/1970"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=1969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=1969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=1969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}