After conclusion of the US-led Trans-Pacific Partnership agreement and finalisation of trade deal between the European Union (EU) and Vietnam, Bangladeshi apparel exporters fear adverse impact on its exports to the US and EU. The local industry bodies in Bangladesh now aim to prepare themselves to face the crisis that may be result from the pact.

The FTA deal may remove nearly all tariffs between Europe and Vietnam, which will lead to many products from Bangladesh like apparel, leather goods, frozen fish and so on face stiff competition from Vietnamese players. Vietnam's main exports to the EU market include electronic products, footwear, textiles and clothing, coffee, rice, seafood and furniture, which will get a boost after trade deals with the US and EU.

In 2014, the EU-Vietnam trade in goods was worth over €28.3 billion, with €22.1 billion in imports from Vietnam into the EU and €6.2 billion in exports from the EU to Vietnam. The EU is one of the largest foreign investors in Vietnam. In 2015, EU investors invested a total of $1.3 billion in foreign direct investment and thus became Vietnam's third-largest foreign investor-partner. On the other hand, Bangladesh's export to the EU amounted to $16.4 billion in 2013-14.