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The chief adviser calls the trade agreement with the US a resounding diplomatic victory.
Chief Advisor Professor Muhammad Yunus
The interim government's chief advisor, Professor Muhammad Yunus, praised Bangladesh's tariff negotiators for reaching a historic agreement with the United States to lower duties on Bangladeshi imports. "This is a clear diplomatic accomplishment," he remarked.
"The tariff rate has been lowered to 20 percent, which is 17 percent lower than the previously imposed tariff rate," the chief advisor said in a celebratory letter on Friday. In doing so, our negotiators have proven their exceptional strategic acumen and steadfast dedication to safeguarding and promoting Bangladesh's economic interests."
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"The negotiators have been working diligently since February of this year to successfully advance the challenging conversations," the main advisor added. which covered national security, non-tariff, and tariff concerns. Our comparative advantage has been maintained by this negotiated arrangement. Additionally, it has safeguarded our fundamental national interests and expanded access to the greatest consumer market in the world.
The Principal Advisor added that this accomplishment not only demonstrates Bangladesh's increasing influence on the international scene but also paves the path for future progress, expanded potential, and sustained prosperity.
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As Professor Yunus stated, "Today's triumph is a remarkable monument to our national resilience and ambitious vision of a better economy tomorrow." He indicated that Bangladesh's future is definitely bright.
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