US-Bangladesh Trade Talks Highlight Tariff Reductions on HS Code Items
Recent trade discussions between the US and Bangladesh focused on reducing tariffs for specific industrial goods, including tapered products of a thickness or length greater than the maximum diameter under relevant HS codes. Negotiations aim to boost bilateral trade.
2023-10-15
Impact: Potential reduction in tariffs could increase exports of these products from Bangladesh to the US, benefiting manufacturers and lowering costs for US importers.
Bangladesh Seeks GSP Reinstatement for Industrial Goods in US Market
Bangladesh has urged the US to reinstate the Generalized System of Preferences (GSP) status, which would include duty-free access for tapered industrial products under specific HS codes, to strengthen trade ties.
2023-09-20
Impact: Reinstatement of GSP could significantly enhance market access for Bangladeshi exporters of these products, potentially increasing trade volume.
US Imposes New Compliance Standards for Bangladeshi Industrial Imports
The US introduced stricter compliance and safety standards for imported industrial goods, including tapered products with thickness or length greater than the maximum diameter, affecting Bangladeshi exporters.
2023-08-05
Impact: New standards may increase production costs for Bangladeshi exporters to meet US requirements, potentially slowing trade in the short term.
