Bangladesh Sleeping Bags Can Be Tax-Free Into The US Market.
As the United States Senate passed a law to renew GSP, Bangladesh
Sleeping bag
It can enter the US market tax-free before July 31, 2013.
However, Bangladesh has received limited benefits from the GSP because it is not part of the ex gratia products.
However, sleeping bags are included in the list of GSP, because they do not appear as textile items.
In December last year, the US trade representative filed an application to prohibit tax-free sleeping bags from Bangladesh.
The trade representative argued that sleeping bags should also be included in the tax category, as in other textile projects, because this is the result of the sleeping bag manufacturers in the United States.
compete
。
As a result, the US International Trade Commission held two hearings on this issue.
In Bangladesh, the production of sleeping bags is still at an early stage. Last year, the export revenue from sleeping bags was only $5 million 300 thousand.
In the United States, the import tax on 10-40% was used for sleeping bags.
duty-free
With the retention of the mechanism, Bangladesh manufacturers are exempt from paying import duties.
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