Bangladesh’s textile industry is staring at a possible shutdown from February 1, with domestic millers warning that spinning units across the country will halt operations if the government does not withdraw the duty-free import facility for yarn by the end of January.
The warning comes amid mounting pressure on the interim government to suspend zero-duty benefits on imported yarn under the bonded warehouse system. The crisis intensified after the Ministry of Commerce wrote to the National Board of Revenue, recommending the withdrawal of the facility.
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