BGMEA meets with US trade delegation

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has held a meeting with the US Assistant Trade Representative (USTR) team, which is in Dhaka to finalise an agreement on imposing additional duties on Bangladeshi exports. In a media statement on Monday, the BGMEA described the meeting with the US delegation, led by Brendan Lynch, as “fruitful”, which took place at the US Embassy Chief of Mission’s residence in Gulshan, Dhaka. BGMEA President Mahmud Hasan Khan said: “We have secured a 20 percent tariff concession, which is a positive development. However, the average MFN (Most-Favoured-Nation) tariff on Bangladesh’s exports to the US is 16.5 percent.” “With the 20 percent countervailing duty, the total tariff rises to around 36.5 percent, creating new...