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Foreign brands plan to expand in Bangladesh

Many multinational clothing brands, which source billions of dollars worth of garment from Bangladesh, have contacted BGMEA to open their outlets in the country with a burgeoning economy. The BGMEA on its part plans to urge the government to make it mandatory for all global brands to source all the garment items from local manufacturers if they want to open retail outlets here.

However, a number of foreign retailers have recently complained that the complex local tariff structure is holding them back. For instance, a French company has to pay 130 per cent customs duty for many of the garments and shoes it imports, even for those made in Bangladesh. The tariff structure and the process the company follows to remain compliant in Bangladesh are restricting it to offer a reasonable price-quality ratio and support its endeavour to protect the environment, according to the letter. Over the past 10 years, the company has opened 60 big-box stores in India and over 50 per cent of the items it sells in the Indian stores are ‘Made in India.’

A footwear supplier and a tent supplier of an European company located inside the export processing zone in Chattogram have already received regulatory approval to sell 10 per cent of last year’s unsold inventory to the local market. This allows the company to reduce the price of our items by approximately 50 per cent and make them accessible to more Bangladeshi sportspeople. The company plans to seek BGMEA’s support for research and find legal possibilities to get similar permissions for its garment suppliers.

 
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