The Economic Times

Bangladesh secures reduced 19% US tariff, exemption for some apparel made with US material

Bangladesh has achieved a significant trade victory. A new agreement with the United States slashes tariffs on some Bangladeshi textiles and garments to 19%. This deal offers crucial relief to the nation's vital readymade garment sector. In return, Bangladesh will open its markets to various US goods. This development follows extensive negotiations and strengthens economic ties between the two nations.