Bangladesh Secures Historic Trade Deal with US
BANGLADESH, AUG 1 – Bangladesh secured a 20% tariff rate in US trade talks, outperforming India’s 25% rate and protecting its garment sector and millions of workers, officials said.
- Bangladesh secured a 20% tariff rate after negotiations with the US, maintaining competitiveness with countries like Sri Lanka and Vietnam that have similar rates.
- Chief Adviser Muhammad Yunus called the tariff reduction a "decisive diplomatic victory" for Bangladesh, highlighting the nation's economic interests.
- National Security Adviser Khalilur Rahman stated that the new tariffs are beneficial for Bangladesh's garment sector and the millions depending on it.
- The agreement includes commitments to purchase US agricultural products, addressing trade deficits and aiding both nations' economic goals.
12 Articles
12 Articles
Bangladesh secures 20% US tariff for garments, exporters relieved
DHAKA, KARACHI, AHMEDABAD: Bangladesh has negotiated a 20 percent tariff on exports to the US, down from the 37 percent initially proposed by US President Donald Trump, bringing relief to exporters in the world’s second-largest garment supplier. The new rate is in line with those offered to other major apparel-exporting countries such as Sri Lanka, Vietnam, Pakistan and
Bangladesh Secures Historic Trade Deal with US
Bangladesh Secures Historic Trade Deal with US In a remarkable diplomatic achievement, Bangladesh's Chief Adviser Muhammad Yunus announced a 'landish' trade deal with the United States. The agreement reduces tariffs on Bangladeshi goods from 35% to 20%, a notable reduction enhancing Bangladesh's trade competitiveness.Yunus applauded the tireless work of his negotiation team, crediting their strategic skill in securing a deal 17 points lower than…
Muhammad Yunus Praises Bangladesh's Trade Deal With US, Compares It To India
The Chief Adviser of the Interim Government of Bangladesh, Muhammad Yunus has congratulated Bangladesh's tariff negotiators following a trade deal with the United States. Yunus also referred to the stalemate over trade.
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