US garners over $1 bn in tariffs from Bangladesh goods: CPD

The US garners over $1 billion in annual tariffs on goods exported by Bangladesh, while the latter collects about $180 million on US products, a think tank revealed.
Though Bangladesh imposes duties averaging 6.2 per cent on US imports, when rebates are considered, the weighted average duty drops to 2.2 per cent, it noted.
The weighted average tariff on US imports from Bangladesh is 15.1 per cent.Read More

19.04.2025Comments Off
Near-term policy tightening essential for Bangladesh: IMF

Bangladesh needs near-term policy tightening to address the mounting external financing gap and ensure a continued decline in inflation, the IMF has said.
Fiscal consolidation should prioritise the swift implementation of tax policy reform to remove extensive tax preferential treatments and simplify the tax system, it suggested.
A strategy to boost revenue and reform expenditures is crucial too.Read More

19.04.2025Comments Off
ASEAN+3 set for resilience amid unprecedented trade shocks: AMRO

ASEAN+3 economies are more resilient and diversified today than during past global shocks and better positioned to navigate the unfolding shock from US reciprocal tariffs, the ASEAN+3 Regional Economic Outlook 2025 said.
They possess ample policy space to cushion near-term shocks.
Many of them have the fiscal capacity to deliver targeted support to vulnerable sectors and sustain domestic demand.Read More

19.04.2025Comments Off
US falls to 3rd spot in Germany’s industrial textile exports

Germany remained the world’s top industrial textile exporter in January 2025, but the US dropped to third place among its key markets, with its share falling to 5.40 per cent from 7.59 per cent a year earlier.
Poland became the top buyer with a 7.67 per cent share.
The two countries have alternated top positions in recent years, reflecting shifting trade dynamics.Read More

19.04.2025Comments Off