BGMEA and BKMEA oppose withdrawal of bond facility on yarn imports

The BGMEA and BKMEA have called for the reversal of the NBR's decision to remove bond facilities for 10–30 count cotton yarn imports.

BGMEA and BKMEA oppose withdrawal of bond facility on yarn imports

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) have formally requested the government to immediately revoke the National Board of Revenue's (NBR) decision to withdraw bonded warehouse facilities for the import of 10–30 count cotton yarn.

Industry leaders warned that this policy change could lead to a significant increase in production costs, ultimately undermining the global competitiveness of the country's ready-made garment (RMG) sector.

#BGMEA#BKMEA#yarn import#bond facility#RMG sector