Syful Islam
US textile bosses are opposing passage of the new trade bill allowing duty free access of goods of least developed countries in their market fearing massive blow to their local industry, informed sources said.
“They fear that if the bill is passed, the US textile industry will be hard hit because the industry exports US12 billion a year in yarns and fabrics to western hemisphere countries. These countries will not be able to compete with Bangladesh and Cambodia,” a communiqué between Ministry of Commerce and the Bangladesh Embassy in US revealed. [Read more]