Bangladesh proposes to increase imports from US in tariff talks

"Bangladesh, on the first day of the tariff talks, has proposed to import more cotton, oil, Boeing aircraft, soybeans, etc., from the United States," the Bangladeshi official who participated in the talks told ANI over the phone.

"The United States has requested Bangladesh to invest in its country, particularly by relocating its garment manufacturing lines to the United States... The US also called for effective steps to protect the rights of workers in the garment industry in Bangladesh," the official said.

"We appreciated the US proposals to relocate the garment industry and protect workers' rights. Bangladesh has no objection if the US can build garment factories. However, this will increase the price of clothing... US shoppers can now buy a T-shirt for USD 10; if the factory relocates, the price of that T-shirt will be USD 200," the official added.

The first day of the second round of three-day tariff talks between Bangladesh and the United States ended a few hours ago today in Washington, DC.

"The talks were very comprehensive, touching upon almost all the key aspects of the trade relationships between the two nations," a Bangladesh government statement said on Thursday.

Commerce Adviser Sheikh Bashiruddin led the Bangladesh delegation in Washington DC. National Security Adviser Khalilur Rahman and the Chief Adviser's Special Assistant on ICT and Telecommunications, Faiz Ahmed Tayeb, joined the talks virtually from Dhaka. Senior Commerce Ministry officials also attended the meeting in the US capital.

Senior US officials from agriculture, energy, commerce and copyright agencies joined the meeting.

Both sides will resume their meeting at 9 pm Bangladesh time on Thursday. Talks will also be held on Friday.

Earlier on Monday, two days ahead of the July 9 deadline, US President Donald Trump issued a letter to Bangladesh, imposing a 35 per cent tariff. According to the letter, the tariff will take effect on August 1. (ANI)