USTR agrees to mull scope of cutting Bangladesh’s reciprocal tariff

This was in response to a request from Bangladesh’s National Security Adviser Khalilur Rahman, who is currently visiting Washington, DC, the country’s Chief Advisor said in a post on Facebook.

USTR Jamieson Greer has agreed to raise with the President the possibility of reducing Bangladesh’s 20-per cent reciprocal tariff rate, bringing it more in line with regional competitors.
This was in response to a request from Bangladesh’s National Security Adviser Khalilur Rahman, who is visiting the US.
Both sides have developed a solution to support Bangladesh’s export priorities.

Both sides have developed an innovative and forward-looking solution to support Bangladesh’s export priorities. Under a proposed preferential scheme discussed by Rahman and Greer, Bangladesh would receive tariff-free access to the US market for textile and apparel exports equivalent to its imports of US-produced cotton and man-made fibre textile inputs, measured on a square-meter basis, the Chief Advisor’s post said.

“This creative, win-win approach strengthens bilateral trade, supports Bangladeshi manufacturers and workers, and deepens supply-chain ties with US producers. It reflects growing momentum and goodwill in US-Bangladesh economic relations and marks a promising new chapter for Bangladesh’s global trade prospects,” the post added.

Fibre2Fashion News Desk (DS)