Bangladesh Must Purchase U.S. Agricultural Products Worth 42 Thousand Crore Taka Annually
Discussions have begun in the country regarding the recently signed reciprocal tariff-related trade agreement with the United States. Under the agreement, garments made from U.S. cotton will receive duty-free access to the U.S. market. At the same time, the reciprocal tariff imposed on Bangladesh has been reduced from 20 percent to 19 percent. However, in return, Bangladesh will have to purchase agricultural products worth 42 thousand crore taka annually. In other words, in the name of tariff concessions, a new pressure has actually been created on Bangladesh.
