US President Donald Trump has imposed new tariffs up to 5 percent on 5 countries. Bangladesh is also among these countries. 20 percent of the duty on Bangladesh has been imposed on Bangladesh.
Bangladesh's tariffs are close to the main competitors like Sri Lanka, Vietnam, Pakistan and Indonesia. These countries have imposed 5 to 20 percent tariffs. As a result, the comparative position of Bangladesh in the export of garments made is intact.
National Security Advisor and Chief Negoter of Bangladesh. Khalilur Rahman said, “We have discussed very consciously, so that our commitments are consistent with national interests and capabilities. Protecting the garment industry was the highest priority. However, we have also promised to buy agricultural agriculture in the United States, which will help us to form cordiality with our food security and the agricultural states of the United States. '
He added, “Today we have been able to avoid retaliatory tariffs up to 5 percent, which is good news for our garment industry and billions of people in this sector. We have maintained our global competition and have also opened a new way to enter the world's largest consumer market. '
These agreements are not limited to reducing tariffs; It also includes reforms of the internal principles of the United States administration as a cause of trade imbalance. In addition, it also has a wide range of economic and national security issues. As part of the discussion, the countries have been asked to make a clear commitment to purchase US goods, so that the trade deficit is reduced.
This discussion process was extremely complex and time -consuming because of various issues involved. Reducing tariffs on exported products in the United States was not only a tariff discount-it was also involved in preparing for non-tariff barriers, trade balance and security issues on security issues.
Trump's executive order clearly states that in all cases, including the depth of their commitment to determine the tariffs of each country, it has been considered in all areas.
