Traders see this decision as temporary relief, even though the United States postponed counter -tariff on Bangladeshi products for 5 days. They say that it is important to create a clear strategy of how to move to diplomatic and commercial levels during this period. Otherwise, after the end of the deadline, the sudden tariff can bring a major push to Bangladesh's export sector.
Leaders of the country's industrial and export sectors highlighted such anxiety and actions in the discussion organized by the Bangladesh Textile Mills Association (BTMA) at Gulshan Club on Saturday. In the discussion titled 'US Customs on Bangladesh Export Products: Future Strategic Aspects and Discussions,' they said, “If not just preparing for time, this tariff policy can become a difficult reality for Bangladesh in the future.”
Speaking on the occasion, BTMA President Shawkat Aziz Russell said, “We welcome the temporary suspension of the Trump administration, but this is not final. It is not clear what will happen in the next 7 days. So we have to negotiate with the United States diplomatically – what opportunities are, what can be proposed, we have to determine. ' The BTMA president also said, “We must decorate the strategy keeping in mind the facilities that will rise in front of LDC graduation.”
Masroor Riaz, a policy analyst, said, “The impact of this tariff should be determined. Where the United States can be discussed, and in some ways we can find the passage – we have to work jointly on these issues. ' He also said that the US retailers should also start a quick discussion on sharing additional expenses.
Anwar Hossain, Vice Chairman of the Export Development Bureau, said, “It is not just trade, but part of economic politics. So diplomatic ways have to find a solution. '
BPGMEA President Samim Ahmed said that it is not possible to build a garment or plastic factory in the United States due to high labor costs, so importing is a real way for them. So those who already take the discussion will benefit. He referred to three months inadequate, urging the progress of rapid progress.
BCI President Anwarul Alam Chowdhury Parvez said, “Our production elements are low, fuel prices are high, and the supply is not sure. If the competition does not increase the ability of the competition, it will not only benefit the discussion. '
FBCCI Administrator Hafizur Rahman said, “Trump has not only set tariffs on the export of goods, but has not added services or Intellectual Properties. This is a trick. '
ACI Limited COO M Mohibuzzaman also expressed concern over the pharmaceutical industry. “After LDC Graduation, we lose the Intellectual Property Right after LDC Graduation,” he said, “Our pharmaceutical industry will be the most affected.”
