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Commerce Adviser Sk Bashir Uddin has said that efforts are underway to reduce the United States' reciprocal tariff on Bangladeshi goods to 15 per cent, following a recent cut from 35 per cent to 20 per cent.
Speaking at a press briefing after a meeting on export targets for FY 2025-26, held at the commerce ministry on Tuesday, Mr Bashir confirmed that discussions with Washington are continuing for a further reduction.
The United States lowered its counter-tariff rate on Bangladeshi products to 20 per cent on August 1, following a final round of intense negotiations in Washington from July 29-31, 2025.
The adviser stressed that the reduction was achieved without offering concessions that could harm Bangladesh's economy.
He added that the trade deficit between the two countries would be addressed by increasing imports of US food and agricultural products.
"We remain optimistic about achieving the 15 per cent rate, as the government has already taken necessary initiatives on the issue," he said.
Mr Bashir also noted that Bangladesh is working to maximise duty-free market access to the UK and the EU.
The briefing was attended by Commerce Secretary Mahbubur Rahman, senior ministry officials, and representatives from state agencies and trade bodies.
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