Dhaka, May 20 -- The Bangladesh Interim Government is set to reduce import duties on at least 100 types of goods in the upcoming budget, in order to create a favourable ground for negotiations with the Trump administration amidst the additional tariffs imposed by the United States.
Chief Advisor Muhammad Yunus gave provisional approval to this move during a meeting with the National Board of Revenue (NBR) on Monday.
The financial advisor, NBR chairman and senior officials from the Income Tax, value-added tax (VAT), and Customs policy branches as well as the first and second secretaries attended the meeting.
An official present at the meeting told bdnews24.com, "We proposed zero duties on 100 tariff lines, keeping in mind imports from the...