A major feature of the EPA is the shift in rules of origin for garments from a "double stage" to a "single stage" transformation requirement. This change allows Bangladeshi exporters to qualify for duty-free access to Japan by undertaking only the final assembly or sewing process domestically, rather than producing both the fabric and the finished garment within the country.
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Trade
Afghanistan Seeks Duty-Free Access for Cotton in Talks to Expand Textile Trade With Bangladesh
Officials familiar with the discussions said cotton featured prominently in the Afghan delegation’s outreach, reflecting Bangladesh’s heavy reliance on imported raw materials for its spinning and textile industries.
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The BGMEA and the BKMEA called for the immediate withdrawal of the duties, describing the decision as unilateral and poorly timed amid a prolonged global slowdown and persistent domestic energy shortages.
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Investors will be able to access key services such as opening bank accounts, obtaining trade licences and availing financial and municipal services through a single digital interface in a faster, more transparent and less cumbersome manner.
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Under the new arrangement, taxpayers engaged in imports will automatically receive bill-of-entry-wise details of advance income tax paid during the relevant income year when entering business income information in their e-returns.
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The growth was driven largely by an 11.60% increase in import volumes, while average unit prices declined by 6.88%, underscoring the continued squeeze on prices across global supply chains.
