Commerce Adviser Sheikh Bashiruddin announced potential reductions in America's additional 20 percent countervailing tariffs against Bangladesh during discussions with US trade officials on Sunday. Assistant US Trade Representative Brendan Lynch met with Bangladeshi authorities at the Ministry of Commerce to finalize bilateral trade arrangements during his three-day Dhaka visit.
The adviser emphasized that narrowing the trade deficit between the two nations could lead to significant reductions in tariffs. Officials reviewed American commitments to expand purchases from Bangladesh across multiple sectors. These procurement areas encompass agricultural products, energy resources, and aircraft acquisitions.
Both delegations described their negotiations as productive and cordial throughout the session. A reciprocal tariff agreement between the countries appears achievable in the near future. Commerce Secretary Mahbubur Rahman and National Skills Development Authority Chairperson Nazneen Kauser Chowdhury participated in the high-level discussions.
The adviser emphasized that narrowing the trade deficit between the two nations could lead to significant reductions in tariffs. Officials reviewed American commitments to expand purchases from Bangladesh across multiple sectors. These procurement areas encompass agricultural products, energy resources, and aircraft acquisitions.
Both delegations described their negotiations as productive and cordial throughout the session. A reciprocal tariff agreement between the countries appears achievable in the near future. Commerce Secretary Mahbubur Rahman and National Skills Development Authority Chairperson Nazneen Kauser Chowdhury participated in the high-level discussions.
