U.S. and Bangladesh announce agreement on reciprocal trade framework

True

Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

Interesting: 0/0 • Support: 0/0Log in to vote

other

The Agreement on Reciprocal Trade is the agreed framework between the United States and Bangladesh and is recorded in the joint statement.

Source summary
The United States and Bangladesh have reached an Agreement on Reciprocal Trade to deepen bilateral economic ties and expand market access for exporters in both countries. The pact includes tariff reductions (including a general reciprocal tariff rate of 19 percent for Bangladeshi-origin goods and zero-rate treatment for certain products and a specified volume of textiles), commitments by Bangladesh on regulatory, labor, environmental, data, and intellectual property standards, and U.S. support through finance agencies for investment. The two countries noted commercial deals worth roughly $3.5 billion in agricultural purchases and an estimated $15 billion in energy purchases over 15 years, and said they will complete domestic procedures to finalize the Agreement.
Latest fact check

The White House joint statement dated Feb. 9, 2026, states that "The United States of America ... and the People’s Republic of Bangladesh ... have agreed to an Agreement on Reciprocal Trade (Agreement) to strengthen our bilateral economic relationship." The U.S. Trade Representative published a fact sheet describing the legally binding Agreement and its key terms, and Reuters independently reported the deal and its main provisions (including a 19% reciprocal tariff rate and textile exemptions). Verdict: True — primary U.S. government documents and independent reporting confirm that the United States and Bangladesh reached an Agreement on Reciprocal Trade on Feb. 9, 2026, to strengthen their bilateral economic relationship.

Timeline

  1. Update · Feb 10, 2026, 06:13 AMTrue
    The White House joint statement dated Feb. 9, 2026, states that "The United States of America ... and the People’s Republic of Bangladesh ... have agreed to an Agreement on Reciprocal Trade (Agreement) to strengthen our bilateral economic relationship." The U.S. Trade Representative published a fact sheet describing the legally binding Agreement and its key terms, and Reuters independently reported the deal and its main provisions (including a 19% reciprocal tariff rate and textile exemptions). Verdict: True — primary U.S. government documents and independent reporting confirm that the United States and Bangladesh reached an Agreement on Reciprocal Trade on Feb. 9, 2026, to strengthen their bilateral economic relationship.
  2. Update · Feb 10, 2026, 05:18 AMTrue
    The White House joint statement (Feb 9, 2026) and a U.S. Trade Representative press release state that the United States and the People’s Republic of Bangladesh have agreed to and signed an "Agreement on Reciprocal Trade" to strengthen their bilateral economic relationship, including provisions on market access and tariff adjustments. Bangladesh’s state news agency (BSS) likewise reports the signing by USTR Ambassador Jamieson Greer and Bangladesh’s Commerce Adviser Sheikh Bashir Uddin. Verdict: True — primary government sources and Bangladesh official reporting confirm the agreement and its signing on Feb 9, 2026.
  3. Original article · Feb 09, 2026

Comments

Only logged-in users can comment.
Loading…