Bangladesh has proposed to lift all import duties on a wide range of military-grade weapons, including guns, howitzers, mortars, torpedoes, rocket launchers, grenade launchers, flame throwers and other artillery systems, as part of its fiscal strategy for 2025–26. All categories of artillery weapons have been included among the 110 products proposed for full customs duty withdrawal. The existing 5 percent duty on these weapons is to be cut to zero under the proposed measures. "In addition, supplementary duties on nine products are proposed to be fully withdrawn, while those on 442 products are proposed to be reduced. Bangladesh has a $6 billion trade surplus with the US-- meaning it exports $6 billion more to the US than it imports.

Source: bd News24 June 02, 2025 11:57 UTC