Along with a reduced tariff for most exports, clothes made in the South Asian country with American cotton will get a duty waiver
The US and Bangladesh have agreed a trade deal that allows reduced tariffs for most of the South Asian nation’s exports.
The deal provides for a tariff rate of 19% for exports to the US, 1% lower than the 20% set in August, according to reports.
Washington has committed to establishing a mechanism for certain textile and apparel goods from Bangladesh using US-produced cotton and man-made fiber to receive a zero tariff in the US market, Muhammad Yunus, the chief adviser of the interim government, said in a post on X.
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