Bangladesh Secures Historic Trade Deal with US

Bangladesh achieved a significant diplomatic win as its trade negotiators secured a landmark deal with the US, lowering tariffs on goods from 35% to 20%. The successful negotiations, led by Muhammad Yunus and his team, bolster Bangladesh's competitive stance in the global apparel market.

In a remarkable diplomatic achievement, Bangladesh's Chief Adviser Muhammad Yunus announced a 'landish' trade deal with the United States. The agreement reduces tariffs on Bangladeshi goods from 35% to 20%, a notable reduction enhancing Bangladesh's trade competitiveness.

Yunus applauded the tireless work of his negotiation team, crediting their strategic skill in securing a deal 17 points lower than expected. The negotiations, ongoing since February, involved navigating complex issues related to tariff, non-tariff, and national security matters.

The agreement positions Bangladesh on par with key competitors in the apparel sector and preserves its economic interests, while Yunus noted that India, unable to secure a similar agreement, faces higher tariffs.