The third round of tariff talks with the United States was scheduled to begin at about 12:30pm on Tuesday (Washington time), according to a message received from commerce ministry officials.
The meeting with the United States Trade Representative, whose office is responsible for developing and promoting US foreign trade policies, was expected to continue till 05:30pm on Tuesday (Washington time).
A Bangladeshi delegation led by commerce adviser Sk Bashir Uddin left Dhaka for Washington on Monday evening for the third and final round of negotiations over Donald Trump鈥檚 35 per cent 鈥榬eciprocal tariff鈥� effective from August 1.
Earlier on Sunday, commerce secretary Mahbubur Rahman said that the outcome of the meeting might be available on August 1.
Along with the commerce adviser and the commerce secretary, national security adviser Khalilur Rahman and commerce ministry additional secretary Nazneen Kawshar Chowdhury were also expected to attend the tariff talks.
Earlier, on July 8, the Trump administration imposed the 35 per cent tariff on Bangladeshi exports.
The second round of discussions ended on July 11, but failed to produce a consensus regarding the tariff policy.
Mahbubur told 抖阴精品 on Sunday that Bangladesh planned to purchase 25 Boeing aircraft, initially the number was 14, as part of trade negotiations with the US.
On July 20, Bangladesh signed a memorandum of understanding with the US to import 7 lakh tonnes of wheat annually for the next five years to reduce the trade deficit with the US.
The US is pressing Bangladesh to lower the trade deficit, which is in favour of Bangladesh, to get a 鈥榝avourable鈥� tariff rate.
On July 23, the interim government decided to procure 2.20 lakh tonnes of wheat from the US at $302.75 a tonne.
According to the commerce ministry, there would be more discussions on other proposals.
A number of businesses have also travelled to Washington, though they would not attend the meeting. They would seek negotiations with US businesses.
Earlier in April, the US imposed a 37-per cent tariff on Bangladeshi products, which was lowered to 35 per cent on July 8.
Currently, the Bangladeshi exporters enjoy a 15 per cent to 16 per cent tariff when exporting goods to the US.
Meanwhile, the US recently revised the tariff on Indonesia and Vietnam at 19 per cent and 20 per cent, respectively.
