Dhaka, Aug. 1 -- BNP Standing Committee Member Amir Khosru Mahmud Chowdhury on Friday described the US administration's move to reduce tariffs on Bangladeshi products-from 35 percent to 20 percent-as a "satisfactory development" for the country's export sector.

"We've learned that the US has set the tariff rate for Bangladesh at 20 percent. Compared to our competitors-Pakistan at 19 percent, Vietnam at 20 percent, and India at 25 percent-I think the figure is overall satisfactory," he said.

Talking to reporters about the US decision, the BNP leader, however, said the full impact of the US decision on Bangladesh's economy can't be judged yet as the complete details of the negotiation are still unknown.

"In this context, I believe, the t...