Bangladesh continues discussions with US on tariffs: Press Wing

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Bangladesh continues discussions with US on tariffs: Press Wing

BM Desk: The United States and Bangladesh are still negotiating the terms of the tariff deal. The most recent conversations took place on Thursday. The chief advisor’s press wing delivered a statement to the interim administration on Saturday stating this.
Assistant Trade Representative Brendan Lynch conducted the talks on behalf of the United States, while Bangladesh’s National Security Advisor Dr. Khalilur Rahman oversaw the negotiations, according to the statement.
Excellent progress has been achieved in our talks with the U.S. delegation, said Rahman, a former head of trade policy at the United Nations Conference on Trade and Development (UNCTAD). The goal of both parties is to swiftly complete the agreement.

The US Trade Representative (USTR) met with the National Security Advisor to the chief advisor Dr. Khalilur Rahman in Washington on Thursday. The government is reportedly planning to sign an agreement with the US to receive relief from President Donald Trump’s additional 37 percent tariff. The Trump administration has already sent a draft of the agreement to Bangladesh, and Dhaka has sent its opinion on the draft to Washington. The agreement’s draft is expected to be finalized after another meeting between the two countries on Sunday, June 29. The government believes that additional tariffs can be reduced under this agreement.

In an effort to close the trade gap, US President Donald Trump levied counter-tariffs on a number of nations on April 2. A 37 percent higher levy on goods from Bangladesh was declared. The president did, however, halt the counter-tariffs for three months on April 9. The last day of its term is July 8. Even so, all nations are now subject to a minimum extra levy of 10%.

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