Bangladesh and the United States will sign agreement this month incorporating an additional 20 percent supplementary duty (tariff) on Bangladeshi products entering the US.The United States Trade Representative (USTR) is currently drafting the agreement -- a process the commerce ministry expects will take two to three weeks.After that, the agreement may be made public, according to Commerce Advisor Sheikh Bashir Uddin. Boeing produced only 12 aircraft last year, he said adding the first aircraft from this potential order may not be delivered until 2037. Though the agreement has not yet been signed, the new tariff rate will apply starting Aug 7, as previously announced.The United States has requested that the World Trade Organization be notified once the agreement is signed. Bangladesh will respond to the draft once it has been received.Officials say the agreement will be signed only after both sides reach a consensus. A joint announcement from the governments of Bangladesh and the United States may follow.In an interview in Washington on Friday, Bashir said the agreement's details would be made public upon approval.


Source:   bd News24
August 03, 2025 17:02 UTC