Bangladesh is set to sign a trade deal with the United States on Monday that will reduce tariffs between the two countries. The agreement includes Bangladesh’s commitment to increase imports of American products in an effort to address the current trade imbalance, which heavily favors Bangladesh.
The deal aims to create more balanced trade relations by lowering reciprocal tariffs and encouraging greater market access for goods from both nations.
**Why this matters**
The agreement could help diversify Bangladesh’s imports and support US exporters seeking access to the Bangladeshi market. Reducing tariffs may also enhance trade flows and economic cooperation between the two countries.
Source: NewsData