Returning from a three-day tariff talks with the United States, Commerce Adviser Sk Bashir Uddin on Monday described the tariff negotiations as “encouraging” and “highly engaging.”

Speaking at a press conference in the ministry’s conference room, Bashir highlighted productive discussions with 35-40 US representatives aimed at securing a fair tariff agreement to bolster Bangladesh’s $8.69 billion export market, particularly in apparel.

Sk Bashir emphasised the constructive nature of the talks held from July 9-11, noting, “We received valuable suggestions that we plan to implement.”

However, he remained tight-lipped on specifics, citing a Non-Disclosure Agreement when pressed on key issues, agreements, or disputes.

Asked about a “reasonable” tariff rate, Bashir Uddin quipped, “Zero,” underscoring Bangladesh’s push for competitive terms.

On the looming re-imposition of a 35 per cent countervailing duty from August 1, Bashir expressed confidence in negotiating a fair rate.

“We’ve conveyed that Bangladesh’s businesses have thrived in the US market since 2015, paying duties without discriminatory barriers,” he said. “Our firms compete on their own merits, and we seek equitable treatment.”

He sidestepped questions about US conditions regarding trade with China, citing confidentiality.

Sk Bashir announced preparations for a third round of talks next week, following consultations with Bangladeshi business leaders and inter-ministerial discussions.

“We’re committed to achieving a favourable outcome,” he said, flanked by Commerce Secretary Mahbubur Rahman, who emphasised the delegation’s focus on mitigating tariff impacts.

“We’re working diligently to protect our exporters from major tariff burdens,” Mahbubur added.

Prior to the press conference, Sk Bashir Uddin met with prominent business and economic leaders, including Dr Masrur Riaz (Policy Exchange Bangladesh), Dr Selim Raihan (SANEM), Dr Mohammad Abdur Razzaque (RAPID), and Dr Mustafa Abid Khan (Economic Relations Division).

Representatives from FBCCI, BKMEA, Dhaka Chamber, Metropolitan Chamber, BCIC, and LFMEAB also attended, discussing a draft reciprocal tariff agreement.

Mohammad Hatem, BKMEA President, expressed satisfaction, saying, “The government is prioritizing these negotiations, and we’re confident in their approach.”

Addressing concerns about past frustrations, Sk Bashir Uddin dismissed them, saying, “Those are old grievances. There’s no frustration now.”

The talks follow the US re-imposition of a 35 per cent countervailing duty on July 7, raising Bangladesh’s total tariff burden above 50 per cent.

With the US accounting for 18 per cent of Bangladesh’s $48.28 billion exports in FY25, securing favourable terms is critical.

The delegation returned on Sunday after intensive discussions to safeguard the competitiveness of Bangladeshi goods, particularly ready-made garments.

As Bangladesh prepares for the next round, the nation’s business community remains hopeful that these negotiations will pave the way for a balanced trade relationship, ensuring continued growth in one of its largest export markets.