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Preferential trade arrangements have been instrumental in supporting the country’s export growth over recent decades, especially in the ready-made garment sector, which remains Bangladesh’s largest source of export earnings.

The fund will provide low-cost financing to eligible projects through banks and financial institutions. Participating lenders will be able to access refinance support at an interest rate of 2% and extend loans to borrowers at a maximum interest rate of 5%.

Ziaur Rahman, country head of H&M in Bangladesh, highlighted the importance of maintaining effective dialogue and coordination between industry bodies and the government to address policy-related challenges affecting the garment sector.

The assurance was given during a meeting with leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), led by its president Mahmud Hasan Khan Babu.

BGMEA representatives reported that February’s production cycle had been reduced to 19 effective working days from 28 due to public holidays linked to the national election and Language Day, disrupting shipment schedules at a critical juncture.

Exporters said that the uncertainty over whether the temporary 15% tariff on Bangladeshi apparel exports to the US will be extended, raised or removed entirely has prompted American buyers to delay placing fresh commitments.