Fashion
$10→ $12.10 FOB: The real price of zero-duty apparel
Bangladesh imported $10.84 billion cotton (2024); 85 per cent already value-added.
India supplied $2.74 billion (25.3%) and 91.8 per cent vs US.
Zero duty cuts tariffs, but ~55 per cent US price premium including logistics offsets fibre gains.
As prices converge, conversion efficiency from India’s ecosystem decides competitiveness.
Structure, not tariffs, drives long-term leverage.
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