AmCham hails Bangladesh-US trade deal, calls it positive signal for investors

The American Chamber of Commerce in Bangladesh (AmCham) has welcomed the recently announced trade understanding between Bangladesh and the United States, which sets tariffs at 19% 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, AmCham President Syed Ershad Ahmed said in a statement today (10 February).

The US has reduced the reciprocal tariff on Bangladeshi exports to 19% following the signing of a bilateral trade agreement under which Bangladesh RMG exports made of cotton and synthetic fibres imported from America will enjoy zero reciprocal duty, the government announced yesterday (9 February).

The US remains one of Bangladesh's most important export destinations, particularly for readymade garments, Ershad said, adding that 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. 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. Over the long term, such reforms enhance efficiency, reduce the cost of doing business, and benefit consumers and industries alike. Trade agreements are not only about tariffs; they are also about confidence, rules, and trust – and this framework contributes to all three."

Ershad said that 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, AmCham remains committed to supporting policy reforms that foster trade, investment, and sustainable economic growth, he added. 

The statement continued, "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. 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."