Tuesday, 08 April, 2025
Tuesday, 08 April, 2025

Bangladesh offers zero tariffs on 100 more US goods to narrow trade gap

Commerce adviser sends a letter to US trade representative
Diplomatic Correspondent, dhakadiplomat.com
  08 Apr 2025, 02:52

Bangladesh is ready to offer zero import tariffs for another 100 US goods in addition to the existing 190, in order to minimise the trade gap and address Trump's reciprocal tariffs, according to a letter from Commerce Adviser Sk. Bashir Uddin sent to US Trade Representative Jamieson Greer yesterday.

Bangladesh is one of the largest importers of US cotton, manufactures readymade garments, and faces higher tariffs on its exports to the United States, the adviser wrote in the letter.

"Our tariff schedule contains 190 product lines with zero tariffs, and another 100 product lines are being considered for inclusion in the zero-tariff schedule."

"Since the withdrawal of preferential access for Bangladeshi exports to the US, your esteemed government has been imposing a 15 percent tariff on all goods from Bangladesh, while we impose a weighted average tariff on US products of 6.10 percent—where raw cotton and steel scrap face tariff rates of 0 percent and 1 percent respectively," the adviser said.

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