Bangladesh's Increased Source Tax May Affect Garment Exports.

2011/10/9 9:54:00 26

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Bangladesh's tax rises may affect clothing and jute products, triggering exports.

decline

The Trade Organization warned in June.

In the next two months, the export of garments and garments will decline in Bangladesh, the Bangladesh garment manufacturers and Exporters Association (BGMEA) said.

Lobbying organizations predict that exports will decline. They say that a 1.5% increase in source revenue will increase 7.5% of the cutting and manufacturing of knitwear and weaving departments.

In the first 10 months of the current fiscal year, the export of garments and garments in Bangladesh increased by 42.30%.

But Bangladesh clothing

Manufacture

And Exporters Association said that because of high interest rates, labor costs increased by 80%, fierce international competition, Bangladesh's exports may eventually decline.

The Bangladesh clothing manufacturers and exporters association requires a 0.25% source tax, which has been implemented since the 2009-10 fiscal year.

budget

It was replaced by 1.5% of the source tax.