Bangladesh gets special benefits due to Dr. Yunus: Press Secretary

Bangladesh gets special benefits due to the personal acquaintance of Dr. Muhammad Yunus, the interim government's chief advisor on US tariff issues, said Shafiqul Alam, the chief advisor's press secretary.

He made the remarks at a roundtable discussion on Bangladesh's position and challenges on the US tariff issue on Saturday (August 23).

Shafiqul Alam said, "Bangladesh gets special benefits on the tariff issue due to the personal acquaintance of Dr. Muhammad Yunus, the chief advisor in the US. The interim government was confident from the beginning that the tariff would be reduced to 20 percent."

He also said, "Efforts are being made to reduce the tariff further. Relations with the US will further improve and Bangladesh's exports to the market there will increase."

The press secretary said, "Negotiations were held taking into account the impact of other markets during the negotiations. Bangladesh's economy will be further strengthened by increasing exports to the United States."

It is worth noting that the United States initially imposed a 35 percent counter-tariff on Bangladeshi products. Later, on July 31, the Trump administration reduced that tariff to 20 percent.