An effective tariff rate is the overall import duty after taking into account all applicable US tariffs and surcharges on a product

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday dismissed as “untrue” reports claiming that garment factories were shutting down because of gas shortages.

In a statement, the trade body said factories were not closing due to the gas crisis, although many were operating at only 60 percent to 70 percent of their capacity.

Bangladesh’s export sector is facing sharply higher ocean freight rates, largely driven by an escalating conflict between Iran and the US-Israel coalition that has choked shipping through the Strait of Hormuz, according to industry insiders.

BGMEA, BKMEA leaders sit with the premier in separate meetings

US ambassador responded that USTR was currently working on the matter

Top woven and knitwear exporters have told the revenue board that a handful of unscrupulous traders are exploiting the bonded warehouse facility and walking away unchallenged, while genuine firms are left to face the consequences.

Concerns raised over enterprise-level union formation proposal

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called on international clothing retailers and brands to place more orders in Bangladesh, citing the country’s relative tariff advantages over competing nations in the United States..The appeal came at a meeting wit

The conflict could trigger a spike in global oil prices, causing a rise operational costs, he says

Anwar Hossain, an administrator of the BGMEA, chaired the discussion

Four associations, including BGMEA, sent joint letter to the power adviser

The government yesterday appointed Md Anwar Hossain, vice-chairman of the Export Promotion Bureau (EPB), as administrator of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) after the resignation of the association's elected president, SM Mannan Kochi, on August 24.

Work orders from international brands returning as normalcy returns

Workers of Birds Group, a textile maker in Bangladesh, withdrew their blockade at the Baipail intersection of the Nabinagar-Chandra highway in Dhaka’s Ashulia yesterday after being assured that all their arrears will soon be paid..At around 9:30am last Monday, workers of Birds Group blocke

They made the demand at a press conference at the BGMEA office 

The garment factory owners have agreed to raise the workers’ attendance bonus by Tk 225 and tiffin and night allowance by Tk 10 to restore normalcy in the production units

Bangladesh now boasts 229 eco-friendly garment factories, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Most factories in the Ashulia area resumed operations today, while 20 factories remain shut in the Ashulia Industrial area, police said. 

The garment factory owners today decided to shut down their production units from tomorrow under “no work no pay” policy for an indefinite period if the labour unrest continues further