No secret deal over US tariff cut: Commerce adviser
The adviser said a joint statement may be issued soon and the details will be shared with the consent of the United States.
Commerce Adviser Sk Bashir Uddin has dismissed the speculations of any secret deal with the United States in exchange for the reciprocal tariff reduction on Bangladeshi exports from 35% to 20%, saying all discussions prioritised the national interests.
"There is no room to ignore our own interests," he said during an informal interview with journalists in Washington on Friday.
"Whatever we did, we did by prioritising our country — just as the US prioritises its national security," the adviser said.
When asked about the full disclosure of the agreement, the adviser said a joint statement may be issued soon and the details will be shared with the consent of the United States.
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"Any components that might affect our interests had been resolved through discussions," he added.
He said there is no alternative to increasing Bangladesh's capacity if they want to implement the trade agreement.
"Its success or failure will depend on our capacity and competitiveness. To get fruits from this, we need to boost our capacity and competitiveness. I have heard that there is no room for complacency. I hundred percent agree on this. We have no room for complacency," he added.
The commerce adviser said the trade deficit with Bangladesh is about $6 billion. Bangladesh can try to reduce the trade deficit of $2 billion by increasing the import of cotton, soybean, corn and wheat products.
He also noted that a Bangladeshi business delegation is currently in the US, and "they will not do anything that goes against their own interests."
Regarding speculations about Bangladesh agreeing to purchase 25 Boeing aircraft as part of the deal, the adviser clarified, "The US never mentioned anything about Boeings. Instead, they have shown interest in food, agricultural products and fuel."
Regarding achievements in the aviation sector, the adviser expressed optimism, stating, "We are working to ensure transparency and carrying out necessary reforms in the sector. Hopefully, during our tenure, we will implement structural reforms within the ministry that will benefit those who come after us."
