Bangladesh interim government law, justice and parliamentary affairs adviser Asif Nazrul on Friday said the reduction of the United State tariff rate on goods from Bangladesh to 20 per cent from the previous 35 per cent, is another success of the interim government.
The adviser said this in a post on his verified Facebook account this 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, the main body responsible for overseeing US trade policy.
According to a press statement issued by the chief adviser鈥檚 Press Wing, Bangladesh secured a 20 per cent tariff rate - comparable to its key apparel-sector competitors such as Sri Lanka, Vietnam, Pakistan, and Indonesia, which received rates between 19 per cent and 20 per cent. As a result, Bangladesh鈥檚 relative competitiveness in apparel exports remains unaffected.