Background The U.S. and Bangladesh have entered intense negotiations to finalise a Reciprocal Tariff Agreement aimed at reducing tariffs on Bangladeshi exports to the U.S., particularly in the ready-made garments (RMG) sector, which is Bangladesh's largest export category to the U.S. The Bangladesh government sought to conceal the details of the terms and conditions imposed by the U.S. government. Thanks to Officer Mukitul Hasan of the National Board of Revenue (NBR), we obtained the details of the 21-page draft agreement. Bangladesh government suspended Mukit and filed a sedition case against him. For a clause-wise review of the agreement please read the article of Iconus Clustus on Muktangon. The contents of the draft agreement do not give much space to Bangladesh. The plain and simple message of U.S. government is “either it’s my way, or highway”. Bangladesh is clearly in a dilemma. If it agrees to the terms and conditions, it will lose China, which is one of the biggest sources
of raw material. Without the raw material from China, a lot of businesses will not be able to offer their products in cheaper price. Bangladesh, if agrees to this agreement, will lose China as a development and commercial partner. China will not take it easily. The fallout with China will also compromise the foreign policy of Bangladesh, I.e., friendship with everyone, hostility with none. In this article, we will examine the structure of the proposed agreement, discuss its key highlights and primary concerns, which will illustrate why the Bangladesh government sought to conceal the agreement's details. The article will also show you the ‘colonial’ mentality of the U.S. government will further cripple the economy of Bangladesh. Structure of the Agreement The agreement is divided into six major sections, each containing over a hundred conditions: Tax-related conditions Non-tariff barrier conditions Digital trade and technology conditions Rules of Origin conditions Economic and national security conditions Commercial conditions Key U.S. Proposals and…
