Bangladesh’s Yunus congratulates his commerce negotiators on securing ‘landmark’ take care of U.S.

Interim authorities’s Chief Adviser Muhammad Yunus on Friday (August 1, 2025) congratulated his commerce negotiators on securing a “landmark” take care of the U.S., which lowered its tariff price on items from Bangladesh to twenty%, a big discount from the earlier 35%.

“We proudly congratulate the Bangladesh tariff negotiators on securing a landmark trade deal with the United States, a decisive diplomatic victory,” Mr. Yunus mentioned.

In a press release, he mentioned by lowering the tariff to twenty%, “17 factors decrease than anticipated”, Bangladeshi negotiators demonstrated “outstanding strategic ability and unwavering dedication to safeguarding and advancing Bangladesh’s financial pursuits”.

The improvement got here after a sequence of talks over the previous month.

Mr. Yunus mentioned his negotiators labored “relentlessly since February and navigated efficiently via a posh negotiating course of involving tariff, non-tariff and nationwide safety issues”.

“The settlement they negotiated preserves our comparative benefit, enhances our entry to the world’s largest shopper market and safeguards our core nationwide pursuits,” Mr. Yunus mentioned.

Bangladesh secured a 20% tariff price, similar to its key apparel-sector rivals reminiscent of Sri Lanka, Vietnam, Pakistan, and Indonesia, which acquired charges between 19% and 20%. As a end result, Bangladesh’s relative competitiveness in attire exports stays unaffected, Mr. Yunus mentioned.

He added, against this, India acquired a 25% tariff after “failing to succeed in a complete settlement with the U.S.”.

“We negotiated carefully to ensure that our commitments aligned with our national interests and capacity,” mentioned Mr. Yunus’s safety adviser Khalilur Rahman, who emerged because the lead negotiator within the talks.