Bangladesh to Buy $15b of Energy Products over 15 Years in US Trade Deal

Bangladesh will purchase $3.5 billion of US agricultural products and $15 billion of energy products over 15 years, as part of a broader reciprocal trade agreement with Washington signed recently.

This procurement value will increase if the planned purchase of 14 Boeing jets by state-run Biman is taken into account.

The interim government said it is going to sign a deal with Boeing to purchase 14 planes valued at around Tk 30,000-35,000 crore ($2.46-2.87 billion). ‘Bangladesh commits to provide signifi cant preferential market access for US industrial and agricultural goods, including: chemicals; medical devices; machinery and motor vehicles and parts; information and communication technology (ICT) equipment; energy products; soy products; dairy products; beef; poultry; and tree nuts and fruit,’ said a joint statement issued by the White House.

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