Bangladesh and the United States are expected to sign a bilateral trade agreement in Washington on February 9 aimed at reducing U.S. counter-tariffs on Bangladeshi goods and expanding trade benefits. Commerce Secretary Mahbubur Rahman said the draft of the agreement has been prepared and submitted for approval. He confirmed that the signing schedule has been set for February 9, pending final authorization.

The U.S. administration under President Donald Trump had initially imposed 37 percent counter-tariffs on Bangladeshi products, later reducing them to 20 percent after several negotiation rounds, though no formal agreement was signed at that time. The upcoming deal is expected to further lower tariffs and secure duty-free access for garments made with U.S. cotton. To obtain these benefits, Bangladesh has pledged to reduce its trade deficit with the U.S. by increasing imports of Boeing aircraft, fuel, LNG, wheat, and cotton.

The commerce secretary clarified that military items such as fighter jets are not part of the trade deal. He added that Bangladesh is also advancing free trade agreements with Japan, South Korea, and other partners to strengthen its post-LDC graduation trade position.