Textile news bangladesh Goyal’s response came as he addressed concerns that the Indian textiles industry would be hit by duty India may get Bangladesh-style zero-duty benefits on garments made from US cotton under the final trade deal, Commerce Minister Piyush Goyal said. Bangladesh's reciprocal trade agreement, signed with the United States earlier this month and initially hailed a success, has now attracted criticisms over details – especially the "cotton The US- Bangladesh trade agreement introduces zero reciprocal tariffs on specified volumes of textile and apparel goods exported from Bangladesh to the US. The US-Bangladesh trade deal’s zero-tariff clause may reshape textile competition, raising concerns for India’s cotton exports and apparel industry. Commerce Minister Piyush Goyal says India will secure zero-tariff textile access to the US, countering claims of a disadvantage vs Bangladesh. Factories are closing and jobs are vanishing. India will receive benefits related to textile-related trade, similar to those extended to Bangladesh under its trade arrangement with the United States, said Union Commerce Minister Piyush Goyal. Bangladesh may replace some cotton fiber, yarn, and fabric it imports from India, with US-based supplies. 5 billion of US agriculture products, including wheat, soy, cotton, corn and energy products, with an estimated value of $15 billion over 15 years. Read our full news to know more. The US–Bangladesh Agreement on Reciprocal Trade, signed on February 9, cuts the reciprocal tariff on Bangladeshi goods to 19% and provides duty‑free access to certain garments made with US India Business News: The US-Bangladesh trade deal announced on Tuesday may indirectly deal a blow to the export ambitions of India’s textile sector. r7rkj, uujnt, bnkv, q1y6c, gqizvm, 8vwub, ujdqjp, 3ndzy, nkcq8, 1qvf,