The readymade clothing industry would bear the brunt of the additional surcharges since they will be tallied twice: once for the import of raw materials for their facilities and once for the export of completed goods.
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Commerce Advisor Sk Bashir Uddin has urged German importers to buy more garments, home textiles, medicines, plastic products, shoes, bicycles, and leather goods from Bangladesh because the country is a major manufacturer of these items.
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The Bangladeshi Government has amended the Value Added Tax (VAT) Law 2012, reclaiming the authority to issue extraordinary orders exempting individuals from the indirect tax, according to an ordinance issued by the Law Ministry.
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Clothing shipments to Europe have not been significantly impacted by India's decision to ban transshipment through its airports because Bangladeshi exporters have adjusted by using other routes and better facilities at home.
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The Industrial Bangladesh Council (IBC) has condemned what it described an attempt by the government to finalise modifications to the Labour Act without considering workers' important demands.
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In its quest for environmentally friendly and sustainable production, Pakiza Knit Composite Ltd., has achieved a major milestone with the USGBC LEED (Platinum) Certification.
