Bangladesh has continued its consultations with the United States on finalising the Agreement on Reciprocal Tariff.

The latest round of discussions took place on Thursday, where the Bangladesh side was led by National Security Advisor Dr. Khalilur Rahman and the US side by US Assistant Trade Representative Brendan Lynch.

Khalilur, a former trade policy chief of the UN Conference on Trade and Development (UNCTAD), said: “We held highly constructive discussions with the US delegation. Both sides are making serious efforts to finalise the agreement expeditiously.”

Earlier on Apr 2, as part of efforts to reduce the trade deficit, US President Donald Trump imposed retaliatory tariffs on products from certain countries. A 37 percent additional tariff was levied on Bangladeshi exports.

However, on Apr 9, Trump suspended this additional tariff for three months, a period that is set to expire on Jul 8.

During this time, a minimum of 10 percent additional tariff has already been implemented on products from other countries.