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US bends steep tariffs to 20pc for Bangladesh

Bangladesh finally clinches a deal leveling the trading field amongst the competitors on the US market as the United States cut tariffs on Bangladeshi exports to 20 per cent from the threatened 35 per cent.Sources said the decision on the concessional deal was made Thursday (July 31) local time on...

CA lauds BD team for successful US tariff negotiation

In a message on Friday, Chief Adviser Professor Muhammad Yunus lauded the Bangladesh team for successful negotiations with their US counterpart in Washington."By reducing the tariff to 20 per cent, 17 percentage points lower than anticipated, our negotiators have demonstrated remarkable strategic skills and unwavering commitment to safeguarding and advancing...

BD gets decent, though not a superb deal

Finally, the wait is over. The Office of US Trade Representative (USTR) -- actually President Donald Trump -- announced what tariffs will apply to which country as their goods enter the US market. A new world trade order has emerged. Trading according to comparative advantage of nations will no longer...

US tariff cut bolsters global competitiveness, says Bashir

Commerce Adviser Sk Bashir Uddin said on Friday Bangladesh's adjustment of its reciprocal tariff rate to 20 percent on products exported to the United States (US) has strengthened its competitiveness in global trade, reports BSS. "We will be in a competitive position as the US has reduced tariff on Bangladesh...

Better for trade competitiveness, hard to bear tradeoff costs

Better for Bangladesh's trade competitiveness with peers but hard for the exchequer to bear tradeoff costs, say experts, economists and exporters about the conditional US tariff cut. They consider the pared-down 20-percent reciprocal tariff on Bangladeshi exports as a relatively better outcome than the initially proposed 35 per cent.They note...

WB guarantor consulting banks, BADC on modus operandi

With the go-ahead from the government and the central bank, World Bank Group's credit-guarantee platform will now open discussions with Bangladesh's banks and state agencies involved with import of essentials, officials said.The Multilateral Investment Guarantee Agency (MIGA) is a financial institution of the World Bank which offers political-risk insurance and...