US-Bangladesh Trade Deal: Tariff Relief Before Elections, Will Yunus Benefit?

M
Moneycontrol•10-02-2026, 09:33
US-Bangladesh Trade Deal: Tariff Relief Before Elections, Will Yunus Benefit?
- •US reduces tariff on Bangladeshi goods from 20% to 19% just before general elections on February 12.
- •Key 'game-changer' condition: zero-duty benefits for Bangladeshi garment companies using American cotton.
- •Interim government head Mohammed Yunus hails the deal as historic for economic stability and job preservation.
- •Bangladesh opens its markets to US chemicals, medical devices, auto parts, and agricultural products.
- •Bangladesh commits to purchasing $15 billion in energy and $3.5 billion in agricultural products from the US over 15 years, plus 14 Boeing aircraft.
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