Following the court order, the Trump administration initiated an investigation into unfair trade practices against several trading partners, including India, under Section 301 of the Trade Act of 1974 while imposing a tariff of 10 percent. In talks with Lynch and his team, New Delhi will seek relief from tariffs emerging from the investigation, an […]
Allegations have been made that the interests of Bangladesh were not protected in this agreement. Reviews indicate that while the United States has only six obligations, Bangladesh has 131 conditions to meet. Responding to questions from journalists, Khalilur Rahman said, “Has Bangladesh not said ‘shall’ in 131 cases? We have not made this agreement alone; […]
In response to a question, he said that this agreement is not favorable to the interests of Bangladesh and if Bangladesh wants, it can cancel it. Will Bangladesh move towards canceling the agreement? The Commerce Minister did not give any direct answer. Khandakar Abdul Muktadir said, “The clear answer to your question is that this […]
The petition is expected to be heard by an HC bench of Justice Raziq-Al-Jalil and Justice Debashish Roy Chowdhury. The secretaries of the Ministry of External Affairs, Finance Ministry and Commerce Ministry were made respondents in the writ petition. According to the writ petition, the trade agreement has failed to protect the economic sovereignty and […]
The vessel MV MP Ultra Max 2, carrying 61,000 tonnes of wheat from the United States of America (US) as part of the Cash Purchase Agreement No. 3 between the US and Bangladesh, has reached the outer anchorage of Chattogram Port. This update was provided by the Food Ministry in a press release today, Tuesday. […]
Barely two weeks after Bangladesh signed a reciprocal trade agreement with the United States, fresh uncertainty has arisen following a series of rapid tariff decisions by US President Donald Trump. Under the agreement signed on February 9, the US reciprocal tariff rate on Bangladeshi goods was set at 19 percent. However, the United States Supreme […]
The unspoken truth behind Trump’s tariff narrative is that the United States’ services trade surplus is set to grow to US$293 billion in 2024. According to US Commerce Department data, this surplus is expected to increase by five percent compared to 2023 and 25 percent compared to 2022. Furthermore, countries rely on different sectors at […]
Bangladesh is also in talks with Pakistan to purchase JF-17 Thunder multi-role fighter aircraft jointly developed with China. “The United States is concerned about growing Chinese influence in South Asia and is committed to working closely with the Bangladeshi government to clearly communicate the risks of certain types of engagement with China,” U.S. Ambassador Brent […]
Meanwhile, the Commerce Advisor and Commerce Secretary left Dhaka for Japan at around 1:45 pm today. The signing of the Bangladesh-Japan Economic Partnership Agreement (BJEPA) is scheduled to take place in Tokyo tomorrow, Friday. They are traveling to Tokyo to participate in the three-day event from February 4 to 6. Apart from the commerce advisor […]
Speaking to reporters at the secretariat today, Commerce Secretary Mahbubur Rahman said, “We have received the date of February 9 from the United States. We have sent a summary for approval of the draft agreement and signing on that date.” When asked what the reciprocal tariff rate could be, the Commerce Secretary said, “It is […]
Petro, Colombia's first leftist president and a fierce critic of Israeli Prime Minister Benjamin Netanyahu, said on X on Saturday that coal exports to Israel would remain suspended “until the genocide stops.” A government order specified that these restrictions would continue “until the provisional measures order issued by the International Court of Justice (ICJ) are […]
At the event, four differently-abled associates (DACs) were introduced to the guests, who were recently recruited by InterContinental Dhaka as part of its diversity and inclusion initiative. InterContinental Dhaka, owned by Bangladesh Services Limited, is implementing various sustainability measures and is now introducing the concept of ‘Sustainable Hospitality’, creating best practices that can be easily […]