Bangladesh’s textile companies are seeing a dumping of cheap Indian yarn in its market—a result of US-imposed high tariffs on Indian textiles.
This is putting pressure on spinning mills in the country and disrupting the market.
Some importers are also misusing bonded warehouse facilities to bring foreign yarn into Bangladesh duty-free and sell it in the local market, further compounding the situation.
This is putting pressure on spinning mills in the country and disrupting the market.
Some importers are also misusing bonded warehouse facilities to bring foreign yarn into Bangladesh duty-free and sell it in the local market, further compounding the situation.
