Dhaka, Feb. 9 -- Bangladesh has signed a tariff agreement with the United States after nine months of negotiations, reducing the supplementary duty by one percentage point.
The Chief Advisor's Office announced on Monday night that under the new deal, Bangladeshi exports to the US market will face a 19 percent supplementary duty, bringing the overall tariff down from 35 percent to 34 percent.
The government had been optimistic about securing concessions, having already taken steps to improve trade relations, including purchasing Boeing aircraft and increasing imports of wheat, cotton and other goods.
Despite these measures, officials acknowledged that the Trump administration was not persuaded to cut tariffs further.
"Although the duty...
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