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Spinning mills in Bangladesh have issued a warning that operations across the country could be halted from February 1.
Spinning mills will remain closed from February 1 if the government does not withdraw the duty-free import of yarn, a move aimed at protecting the local spinning sector.
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The government is considering either offering cash incentives for the use of locally produced yarn or temporarily suspending bonded import facilities to help ease the ongoing crisis in the country's ...
The Bangladesh Textile Mills Association (BTMA) has called for urgent government intervention to stop what it described as unfair advantages in yarn imports that are severely affecting local spinning ...