Dhaka, Aug. 2 -- BNP Standing Committee member and former commerce minister Amir Khasru Mahmud Chowdhury has termed the United States' decision to reduce the reciprocal tariff on Bangladeshi exports from 35percent to 20percent as a "satisfactory situation" for the country's export competitiveness.
Addressing journalists at his Gulshan residence on Friday, Khasru said the revised tariff structure places Bangladesh on relatively even footing with key regional competitors.
"This is not about victory or defeat," he noted. "We are now at a 20percent tariff rate - Pakistan stands at 19percent, Vietnam at 20percent, and India at 25percent. In this context, the new rate puts us in a reasonable position in terms of trade competitiveness."
However...