US trims tariffs on Bangladesh to 19 per cent

DHAKA: (Feb 10) Bangladesh has secured a reduced 19 per cent tariff under a trade agreement with the United States that would exempt some textiles and garments manufactured with US materials, interim government chief Muhammad Yunus said.

In an X post on Monday, he said Washington had “committed to establishing a mechanism for certain textile and apparel goods from Bangladesh using US-produced cotton and man-made fibre to receive zero reciprocal tariff in (the) US market”.

Yunus, known for his pro-US stance, said the deal was reached after nine months of negotiations since April last year.

Source: PTI News

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