Bangladesh commits to stronger trade ties with US after reduced reciprocal tariff

Chief Advisor Muhammad Yunus has reiterated Bangladesh’s commitment to deepening relations with the United States in trade, investment, energy and development cooperation, following the recent tariff cuts. Referring to the US decision to lower the reciprocal tariff on Bangladeshi exports from 35 percent to 20 percent, he said: “We are very happy about what has happened. This is key to our economy.” He made the pledge at a meeting with Assistant US Trade Representative Brendan Lynch at his Tejgaon office on Monday, thanking Washington for its recent support. They also discussed ways to reduce the trade gap between the two countries, with Bangladesh willing to increase imports of American cotton, soyabeans, LPG and civil aircraft. Drug control measures and the...