Bangladesh’s trade is highly vulnerable due to its concentrated reliance on the U.S. as its largest export market and ready-made garments (RMG) as its primary export product.
While the recent U.S. tariffs have created shocks across global markets, Bangladesh has secured a favourable tariff rate compared to competitors, albeit with significant terms and conditions. Despite this advantage, the nation has challenges ahead in maintaining its export growth. To navigate these complexities, Bangladesh should implement focus on mitigating tariff impacts on exports while simultaneously diversifying its economy through overseas employment and support for small industries.
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