The official told bdnews24.com that alongside this suggestion, the NBR had also submitted a list of products for which import duties could be reduced. “We’ve drafted a list of around 10 products where duty cuts are feasible,” he added. On the issue of the claimed 74 percent duty on US imports, the NBR official brushed off the figure as “inaccurate”. The official added, “What that means is, even if you zero out the duty, unless imports increase, it won’t have any impact. “And just cutting import duty doesn’t necessarily mean imports will go up.”Amid growing concerns among local businesses, the official explained that the proposed duty adjustments alone might not suffice.

Source: bd News24 April 05, 2025 16:42 UTC