Washington, Feb. 10 -- The United States and Bangladesh have reached a reciprocal trade agreement that will reduce tariffs on Dhaka-origin goods to 19%, provide exemptions for certain textile and garment products, and deepen bilateral economic ties, Washington said on Tuesday.
The deal also grants "exemptions for certain textile and garment products" manufactured using US-origin materials, according to the agreement. Washington said it would establish "a mechanism that will allow for certain textile and apparel goods from Bangladesh to receive a zero reciprocal tariff rate." The volume of eligible imports will be determined in relation to Bangladesh's use of US textile inputs, including cotton and man-made fibers.
The White House statemen...