Law, Justice and Parliamentary Affairs Adviser Dr Asif Nazrul on Friday said the reduction in the US tariff rate on Bangladesh goods to 20 percent from 35 percent is another success of the interim government.
The adviser made the view in a post on his verified Facebook account on Friday 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.
