Chief Adviser Prof Muhammad Yunus has congratulated the Bangladesh tariff negotiators on securing a landmark trade deal with the United States, terming it a decisive diplomatic victory.
The United States has decided to reduce the reciprocal tariff rate on products imported from Bangladesh to 20%.
On Thursday night, the White House made the announcement after the final round of the talks in Washington DC between Bangladeshi officials and the Office of the United States Trade Representative (USTR), the main body responsible for overseeing US trade policy.
“By reducing the tariff to 20%, 17 points lower than anticipated, our negotiators have demonstrated remarkable strategic skill and unwavering commitment to safeguarding and advancing Bangladesh’s economic interests,” Yunus said in a message on Friday morning.
“They have been working relentlessly since February and navigated successfully through a complex negotiating process involving tariff, non-tariff and national security matters. The agreement they negotiated preserves our comparative advantage, enhances our access to the world’s largest consumer market and safeguards our core national interests.”
The chief adviser said this achievement not only underscores Bangladesh’s rising strength on the global stage but also opens the door to greater opportunities, accelerated growth, and lasting prosperity.
“The future of Bangladesh is undeniably bright. Today’s success stands as a powerful testament to the nation’s resilience and its bold vision for a stronger economy tomorrow,” he added.
