Bangladesh is set to include private sector representatives in upcoming trade negotiations with the United States to address a proposed 35% tariff on Bangladeshi exports. The new tariff regime, expected to take effect on August 1, 2025, could significantly impact the country’s garment industry, which currently accounts for over 80% of Bangladesh’s export revenue.
The move follows criticism from local business leaders who voiced concerns about the lack of transparency and stakeholder involvement in earlier talks. The Commerce Ministry is preparing for a third round of discussions, including consultations with the US Soybean Export Council on July 18 and the American Apparel and Footwear Association on July 22.
Industry insiders, especially from the garment sector, have warned that rising costs and mounting pressure from US buyers to reduce prices could destabilize the export market. Bangladesh exported roughly $350 million worth of garments to the US in 2024, making the sector particularly vulnerable to any tariff hikes.
Recent posts on X (formerly Twitter) show public frustration with what many see as the government’s delayed response. Critics argue that earlier negotiations lacked adequate preparation and inclusivity. By incorporating private sector input, the government hopes to bolster its position at the negotiating table and push for more favorable trade terms that reduce the growing US-Bangladesh trade deficit.
Published in SouthAsianDesk, July 17th, 2025
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