WTO
Reciprocal Tariff by USA - its Impact on Bangladesh Economy
The announcement of Reciprocal Tariff (RT) on April 2, 2025 on 108 countries ranging from 11-49% by the president Donald Trump has shaken the world irrespective of size of the economy and the amount of trade deficit USA is running with the concerned countries. The trade deficit of US was USD 918.4 billion in 2024, total US exports with the rest of the world is USD 3.12 trillion and total imports were USD 4.11 trillion as per the available information. US constantly enjoying surplus in services export, which was USD 1.15 trillion, and import was 0.841 trillion in 2024. USA did not mention services export issues anywhere whereas services export throughout the world is growing and will dominate the future trade.
WTO's 13th Ministerial Conference begins today
The four-day 13th Ministerial Conference (MC13)of the World Trade Organization (WTO) will take place from February 26 to 29, 2024 at Abu Dhabi, the United Arab Emirates (UAE). Ministers from across the world will attend to review the functioning of the multilateral trading system and to take action on the future work of the WTO.