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TPP agreement likely to impact on Bangladeshi apparel sector

Related Keywords: although textile and apparel chapter, bra, excluded from the yarn-forward ROO, impact Bangladesh garment and textile sector, Infants' wear, outwear, privilege of lower or zero tariff, programmed with strict yarn-forward rule of origin, ROO, suits and dresses, Trans Pacific Partnership agreement

Under the Trans-Pacific Partnership (TPP) agreement which concluded recently although the textiles and apparel chapter of the agreement is programmed with a strict yarn-forward rule of origin (ROO), it is certain that the 12 TPP countries will have the privilege of lower or zero tariff for exporting goods to member countries which is likely to impact the garments and textile sector in Bangladesh.

Mostly the high-duty items under the current import duty structure will come under risk against the preferential duty advantage to be enjoyed by other TPP countries exporting to the USA.

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