The United States has reduced import tariffs on Bangladeshi goods to 19 per cent under a new bilateral trade agreement, giving a boost to Bangladesh’s export-driven economy. The deal follows months of negotiations and marks a further easing of trade terms after the US earlier lowered tariffs from higher levels imposed in recent years.
Under the agreement, most Bangladeshi exports to the US will now face a flat 19 per cent tariff. A key highlight of the pact is zero-duty access for certain ready-made garments and textile products that are manufactured using US cotton or man-made fibres. This provision is expected to directly benefit Bangladesh’s garment sector, which is the backbone of the country’s economy and employs millions of workers.
Bangladesh’s interim leadership described the agreement as a significant step forward in economic relations with the United States. Officials said the deal creates new opportunities for exporters at a time when global trade conditions remain challenging and competition from other low-cost manufacturing nations is intensifying.
In return, Bangladesh has agreed to provide greater market access to US products, including agricultural goods, machinery, medical equipment and other industrial items. The agreement also includes commitments to address non-tariff barriers and improve regulatory cooperation, making it easier for US companies to do business in Bangladesh.
While the tariff cut may appear modest, the duty-free access for qualifying apparel exports could significantly improve Bangladesh’s competitiveness in the US market. The deal is also seen as a signal of deeper economic engagement between the two countries, with discussions likely to expand into sectors such as energy, aviation and technology.
