Bangladesh has ordered 25 Boeing aircraft and increased imports of key US goods in an attempt to ease trade tensions and alleviate high tariffs imposed by the Trump administration.
This was announced by a senior government official.
These measures are part of a broader strategy to reduce the $6 billion trade deficit with the US and avoid the upcoming 35% tariff increase, which is worrying the country's export sector, especially the garment industry, which risks losing its competitiveness in one of its largest markets.
"We urgently need new aircraft, probably within the next few years," said Trade Minister Mahbubur Rahman.
"Initially, we were talking about 14 aircraft, but now it's 25," he said, referring to an earlier plan to purchase aircraft from the US manufacturer.
Along with the aircraft deal, Bangladesh is increasing imports of wheat, soybean oil, and cotton from the US. A new agreement signed earlier this month calls for the country to import 700,000 tons of US wheat annually over the next five years.
Officials hope that these steps will help improve trade relations with Washington and mitigate the impact of the Trump administration's trade measures. | BGNES