Commerce Minister says Bangladesh–US trade deal will be leveraged for mutual benefit

Commerce Minister Khandakar Abdul Muktadir has emphasised that the Bangladesh–United States trade agreement should be used to advance shared interests, assuring that there is no need for undue concern.

“Any international agreement is based on coordination between two sides and reflects the interests of both to create a win-win outcome. So there is no reason for unnecessary anxiety over this deal,” he said.

He made the remarks on Tuesday (5 May) while speaking to journalists after a meeting with Brendan Lynch, Assistant US Trade Representative for South and Central Asia, at the Ministry of Commerce.

The minister noted that the current government did not initiate the agreement but inherited it as part of state continuity. “An agreement between states is not like a personal contract that can be cancelled at will. It is a reality, and we aim to make the most of it to expand trade and investment,” he said.

Referring to a recent investigation initiated by the United States, he said Bangladesh had sought clarification and conveyed its position based on the explanation received. “We have clearly stated that, under the existing agreement, it would have been more constructive if such an investigation had not been initiated,” he added.

Highlighting Bangladesh’s trade and production landscape, the minister said there is no overcapacity in any sector and rejected allegations of dumping. “We import most of our goods. Those we export—especially ready-made garments—are produced under strict international compliance, leaving no scope for labour law violations or child labour,” he said.

On the possibility of cancelling the agreement, he said the government remains committed to safeguarding national interests. “If any provision is found to be against Bangladesh’s interests, there is scope within the agreement itself to amend it,” he said, describing it as a “self-correcting mechanism.”

“The agreement already allows for revision or adjustment where necessary, so there is no cause for excessive concern,” he added.

The meeting also covered a range of issues related to strengthening bilateral trade and investment ties between Bangladesh and the United States. Acting Commerce Secretary Md Abdur Rahim Khan was also present.