Law, Justice and Parliamentary Affairs Adviser Dr Asif Nazrul today said the reduction of the United State (US) tariff rate on goods from Bangladesh to 20 percent from the previous 35 percent, is another success of the interim government.
The adviser said this in a post on his verified Facebook account this afternoon.
The US made the announcement after the final round of the talks in Washington DC between Bangladeshi officials and the Office of the United States Trade Representative (USTR), the main body responsible for overseeing US trade policy.
According to a press statement issued by the Chief Adviser’s Press Wing, Bangladesh secured a 20 percent tariff rate – comparable to its key apparel-sector competitors such as Sri Lanka, Vietnam, Pakistan, and Indonesia, which received rates between 19 percent and 20 percent. As a result, Bangladesh’s relative competitiveness in apparel exports remains unaffected.
