U.S.-Bangladesh Trade Agreement on Lightweight Equipment
A new bilateral trade agreement has been signed between the United States and Bangladesh, easing restrictions on the import of non-motorized equipment under HS Code for items not exceeding 100 kg unladen weight. This aims to boost trade in lightweight machinery and tools.
2023-10-15
Impact: Expected to increase exports of lightweight equipment from Bangladesh to the U.S. by reducing tariffs and simplifying customs processes.
Bangladesh Exporters See Rise in Demand for Non-Motorized Gear in U.S.
Bangladeshi manufacturers of non-motorized equipment (unladen weight under 100 kg) report a 15% surge in orders from U.S. buyers, driven by demand for cost-effective agricultural and industrial tools.
2023-09-20
Impact: Strengthens Bangladesh’s position as a key supplier of affordable non-motorized equipment to the U.S. market, potentially increasing trade volume.
U.S. Importers Face Delays in Bangladesh Shipments of Lightweight Equipment
Logistical challenges at Bangladeshi ports have delayed shipments of non-motorized equipment (HS Code specific, unladen weight not exceeding 100 kg) to the U.S., affecting supply chains for small-scale machinery.
2023-08-05
Impact: Temporary disruptions may lead to higher costs and delayed deliveries for U.S. importers, potentially impacting small businesses reliant on these goods.
