Yesterday, the United States and the People’s Republic of Bangladesh agreed to an Agreement on Reciprocal Trade to strengthen their bilateral economic relationship and allow the two countries’ exporters access to each other’s respective markets. The Agreement builds upon a firm economic foundation between the countries that includes the U.S.-Bangladesh Trade and Investment Cooperation Forum Agreement, signed in 2013.
A key part of the Agreement includes a commitment from Bangladesh to make purchases of approximately $3.5 billion of U.S. agricultural products, including wheat, soy, cotton and corn.
In response, Mark Wilson, U.S. Grains & BioProducts Council Chairman said:
“The U.S. Grains & BioProducts Council is delighted to see this win for U.S. corn producers and the larger U.S. agricultural industry, clearing the path for greater market access and generating instant demand for products that will benefit both U.S. exporters as well as Bangladeshi consumers.”
“The Council applauds the work The Trump Administration continues to do in connecting our U.S. corn producers to customers around the world.”
About the U.S. Grains & BioProducts Council
The U.S. Grains & BioProducts Council develops export markets for U.S. barley, corn, sorghum and related products including distiller’s dried grains with solubles (DDGS) and ethanol. The Council has nine international offices, with representation in 30 countries and programming in more than 70 countries worldwide. The Council supports global economic development through partnerships, enabling U.S. agriculture’s profitability. Detailed information about the Council and its programs is online at www.grains.org.
