Days after India signed a trade deal with the United States, Bangladesh on Tuesday (February 10) struck a fresh trade deal with Washington, securing zero reciprocal tariffs on certain textile and apparel goods and a 19% reciprocal tariff compared to 20% earlier, which has sent shares of Indian textile exporters tumbling.
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“The United States commits to establishing a mechanism that will allow for certain textile and apparel goods from Bangladesh to receive a zero reciprocal tariff rate. This mechanism will provide that a to-be-specified volume of apparel and textile imports from Bangladesh can enter the United States at this reduced tariff rate,” the Bangladesh-US joint statement said.
Read more at: The Indian Express
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