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Bangladesh is likely to benefit in cotton purchase thanks to the 25 percent retaliatory duty on import slapped by China on US goods and commodities -- including the cotton.
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Garment shipments to India, a country with a $50 billion apparel market, more than doubled in the first 11 months of the fiscal year -- in a promising development for Bangladesh's manufacturers.
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Nearly 40 percent of the garment factories, most of which are small and not members of any trade bodies like the BGMEA or the
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Garment exports to the US grew 2.90 percent year-on-year to $1.87 billion in the first four months of the year as Bangladeshi
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Chamber and trade body leaders yesterday said the government would struggle to generate higher revenue in the course of implementing the budget in the election year.
