Bangladesh's NBR asked to curb duty-free yarn imports to protect mills

A ministry letter to NBR recommended the cancellation of the bond facility for the import of yarn ranging from 10 to 30 counts.

The count refers to a measure of yarn thickness in the textile industry, indicating fineness. Yarn ranging from 10 to 30 counts is considered medium to coarse and is widely used in knitwear production.

The Bangladesh Textile Mills Association (BTMA) has in December urged the Bangladesh Trade and Tariff Commission to request the government to either suspend the bonded warehouse benefit or impose a 20-per cent tariff on the import of the yarn.

BTMA said some mills in the primary textile sector are facing the risk of closure due to the import of cheap yarn from a neighbouring country.

Fibre2Fashion (DS)