Mohiuddin Rubel, Former Director, BGMEA and managing director, Bangladesh Apparel Exchange Ltd
Bangladesh has adjusted its reciprocal tariff to 20%, positioning itself competitively against countries such as Pakistan, Cambodia, and Vietnam.
Notably, in comparison to India and China, which maintain higher tariffs, this moves sets Bangladesh apart and could potentially attract business shifting away from China.
Despite potential short-term impacts on US sales due to increased retail prices, Bangladesh’s historical resilience suggests it is well positioned for long-term success.
Reflecting on the post-COVID economic landscape, Bangladesh’s steady growth amidst global challenges is commendable.
While short-term growth may fluctuate amid global economic shifts, Bangladesh’s strategic positioning and historical performance bode well for sustained progress.
Looking ahead, ensuring internal stability and implementing proactive governmental measures will be key to maintaining competitiveness and fostering future growth.
Optimism prevails for Bangladesh’s trajectory, which appears poised for continued advancement and resilience in an evolving economic landscape.