{"id":313774,"date":"2025-08-03T05:52:11","date_gmt":"2025-08-03T05:52:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/313774\/"},"modified":"2025-08-03T05:52:11","modified_gmt":"2025-08-03T05:52:11","slug":"undisclosed-concessions-bangladesh-has-made-will-impact-economy-in-coming-days","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/313774\/","title":{"rendered":"Undisclosed concessions Bangladesh has made will impact economy in coming days"},"content":{"rendered":"<p class=\"rtejustify\">Everyone is sharing good news this morning \u2014 the US has reduced the tariff rate on Bangladeshi export products from 35% to 20%.<\/p>\n<p class=\"rtejustify\">It is undoubtedly a positive development.<\/p>\n<p class=\"rtejustify\">However, no one is discussing in detail what benefits Bangladesh is offering the US in return. Isn&#8217;t it important for everyone to know that as well? After all, shouldn&#8217;t we look at both sides of the coin?<\/p>\n<p>        <a style=\"font-weight: bold; color: #2b4949; border-bottom: 1px solid #ccc; font-size: 18px;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMIivlQsw2ZKrAw?ceid=US:en&amp;oc=3\" target=\"_blank\" rel=\"noopener\"><br \/>\n          <img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/all\/themes\/sloth\/images\/google_news.svg\" alt=\"The Business Standard Google News\" style=\"display: inline-block; margin-right: 15px; margin-bottom: 10px; height: 30px;\"\/><br \/>\n            Keep updated, follow The Business Standard&#8217;s Google news channel<br \/>\n          <\/a><\/p>\n<p class=\"rtejustify\">Citizens need to be mentally prepared for everything, after all.<\/p>\n<p class=\"rtejustify\">Those who are sharing the good news today are not mentioning that the agreement was made under an NDA (Non-Disclosure Agreement), meaning it&#8217;s bound by confidentiality.<\/p>\n<p class=\"rtejustify\">As a result, the people of Bangladesh remain unaware of the terms under which the US granted tariff concessions on Bangladeshi exports. It&#8217;s almost certain that the US received everything it asked for before agreeing to reduce the tariffs.<\/p>\n<p class=\"rtejustify\">On the other hand, the concessions Bangladesh has made will surely impact the country&#8217;s economy and public life in the coming days. It will be the responsibility of future elected governments \u2014 in other words, the people themselves \u2014 to manage the consequences.<\/p>\n<p class=\"rtejustify\">And if those concessions result in negative outcomes, the elected government might simply say: &#8220;We&#8217;re not responsible \u2014 the previous administration signed the agreement.&#8221;<\/p>\n<p class=\"rtejustify\">In that situation, what recourse will the public have?<\/p>\n<p class=\"rtejustify\">This essentially reveals a persistent powerlessness of the people in matters of national policymaking \u2014 both before and after such decisions are made.<\/p>\n<p class=\"rtejustify\">\u00a0<\/p>\n<p class=\"rtejustify\"><strong>Disclaimer: Collected from Altaf Parvez&#8217;s Facebook post.<\/strong><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Everyone is sharing good news this morning \u2014 the US has reduced the tariff rate on Bangladeshi export&hellip;\n","protected":false},"author":2,"featured_media":313775,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-313774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114963280297304730","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/313774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=313774"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/313774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/313775"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=313774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=313774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=313774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}