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American Chamber of Commerce in Bangladesh (AmCham) on Tuesday welcomed the recently announced trade understanding between Bangladesh and the United States, which sets tariffs at 19 per cent and introduces important facilitative provisions for selected exports.
From AmCham’s perspective, this development reflects constructive engagement between two longstanding economic partners and sends a positive signal to global investors amid heightened uncertainty in international trade, according to a statement.
The United States remains one of Bangladesh’s most important export destinations, particularly for ready-made garments, and this outcome provides greater predictability for exporters while preserving Bangladesh’s competitiveness in a key market.
Equally important is the provision that allows zero-tariff access for certain products manufactured with US inputs, it said in the statement, adding that this has the potential to encourage deeper supply-chain integration, promote value addition, and strengthen backward linkages between US producers and Bangladeshi manufacturers.
“We also view Bangladesh’s commitments to improving market access, regulatory transparency, and standards alignment as steps in the right direction,” Amcham president Syed Ershad Ahmed said in the statement.
Over the long term, such reforms enhance efficiency, reduce the cost of doing business, and benefit consumers and industries alike, he said, adding trade agreements are not only about tariffs; they are also about confidence, rules, and trust—and this framework contributes to all three.
From AmCham’s standpoint, this agreement underscores the importance of continued dialogue between the government and the private sector.
As the only chamber representing US companies in Bangladesh, he said AmCham remains committed to supporting policy reforms that foster trade, investment, and sustainable economic growth.
“We believe this outcome can serve as a platform for deeper economic cooperation, increased US investment, and diversification beyond traditional sectors.”
Looking ahead, consistent implementation, clear communication of rules, and ongoing stakeholder engagement will be critical, he said, adding AmCham stands ready to work with both governments and our members to translate this opportunity into tangible gains for businesses, workers, and the broader economy of Bangladesh.