‘Bangladesh seeks to cut US tariff on exports to 15%’
Published: 12 August 2025, 9:07:26
Commerce Adviser Sheikh Bashir Uddin on Tuesday said the government is actively working to reduce the existing 20% reciprocal tariff imposed by the United States on Bangladeshi exports to 15%.
“There is a collective effort at all levels of the government to bring down the tariff from 20% to 15%,” he said during a press briefing at Secretariat following a meeting on setting the export target for fiscal year 2025–26.
“Talks with the US are ongoing, and the adjustment could take place before the final agreement is signed,” he added.
He noted that Bangladesh has already taken various measures to address its trade deficit with the US and expressed hope that these steps would contribute to a favourable outcome.
However, he added, “Nothing is final yet, as the decision ultimately lies with the US authorities.”
The United States had earlier reduced tariffs on Bangladeshi goods to 20% from 35% following high-level negotiations held in Washington on August 1.
Discussions are continuing and a deal may be finalized by the end of this month, according to officials.
The Office of the United States Trade Representative (USTR) is currently drafting the agreement.
Responding to a separate question about the rising onion prices in local market, the adviser said import decisions will depend on market demand and supply. “We won’t restrict imports to India alone. Traders will be allowed to import onions from any country offering a lower price,” he stated.
“Our priority is to ensure a stable supply and bring down prices. Onions will be sourced from wherever they are available at competitive rates,” he added.
Among others present at the briefing were Commerce Secretary Mahbubur Rahman, Bangladesh Trade and Tariff Commission Chairman Dr Moinul Khan, Additional Secretary (Export) Abdur Rahim Khan, Additional Secretary (WTO) Dr Nazneen Kauser Chowdhury and BKMEA President Mohammad Hatem.
