Chief Adviser Professor Muhammad Yunus has sent a letter to US President Donald J. Trump, urging him to delay the implementation of reciprocal tariff measures on Bangladesh for three months.
The request aims to allow the interim government to effectively carry out its plan to significantly increase US exports to Bangladesh.
In his letter, Yunus highlighted that Bangladesh is the first country to take such a proactive approach, referencing the visit of High Representative Dr. Khalilur Rahman to Washington DC in February. Since then, both countries have been working together to identify specific actions.
Bangladesh is also the first nation to enter into a multi-year agreement to import liquefied natural gas (LNG) from the US. The country plans to boost imports of US agricultural products like cotton, wheat, corn, and soybeans, benefiting US farmers.
Chief Adviser underscored that Bangladesh already has the lowest tariff on most US exports in South Asia and is planning further tariff cuts on key US exports, including gas turbines, semiconductors, and medical equipment.
Additionally, Bangladesh will build dedicated duty-free bonded warehouses for cotton to enhance market speed. The government is eliminating certain testing requirements, simplifying packaging, labeling, and certification processes, and improving trade facilitation, including customs procedures and standards.
Professor Yunus assured President Trump that Bangladesh would take all necessary actions to fully support the US trade agenda.
A separate letter detailing Bangladesh’s actions will soon be sent by the Commerce Adviser to the US Trade Representative.
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