By Admin 
US-Bangladesh Trade Deal: Following India’s example, Bangladesh has also made a trade deal with America. Bangladesh and the United States on Monday finalized a mutual tariff agreement that reduces tariffs on Bangladeshi exports to the US market from 20 percent to 19 percent, according to a statement issued by the office of Muhammad Yunus, chief advisor to the interim government of Bangladesh.
In return, Bangladesh will reduce the tariff on goods coming from America to zero. This agreement between the two countries was signed by Commerce Advisor Sheikh Bashir Uddin and National Security Advisor Khalilur Rahman on behalf of Bangladesh. The United States was represented by US Trade Representative Jameson Greer.
Both benefit from trade deal
Under this agreement between the two countries, about 2500 products of Bangladesh will get help in reaching America at zero tariff or low tariff. These also include many things falling in the main export category of Bangladesh. Apart from these, clothes made using imported American cotton will also get entry in the American markets at zero tariff.
The items on which tariffs have been reduced or completely eliminated by the US include pharmaceuticals, fisheries, particle board and food items. Bangladesh in return has agreed to allow approximately 4,400 American products to reach Bangladesh at zero or low tariffs. The purpose of this trade deal is to help eliminate trade imbalances and expand opportunities for two-way commerce.
Under this trade deal, both countries have also agreed to impose zero reciprocal tariffs on some Bangladeshi textile and apparel exports made using American cotton and fiber. This will greatly benefit the textile sector of Bangladesh, for which America is a huge market.
How much tariff on Pakistan and China?
Like Bangladesh, if we talk about other Asian countries, America has imposed a tariff of 18 percent on India, 19 percent on Pakistan, 20 percent on Vietnam and Sri Lanka and the highest tariff of 30 percent on China.
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