📰 Bangladesh Approves U.S. Wheat Imports in Landmark Trade Deal

 

Bangladesh has officially approved the import of 220,000 metric tons of U.S. wheat under a new government-to-government agreement. The move aims to ease trade tensions and diversify the country’s grain supply.

Bangladesh’s government has greenlit the import of approximately 220,000 metric tons of wheat from the U.S., a significant decision in efforts to mitigate ongoing trade tensions and strengthen food security. Reuters

Under the terms of the deal, the wheat will be procured through Agrocorp International, which has been authorized by the U.S. Wheat Associates. The agreement is part of a larger memorandum signed in July stipulating Bangladesh’s intention to import 700,000 metric tons annually over a five-year period. Reuters

Previously, Bangladesh relied heavily on wheat from the Black Sea region. The U.S. imports are expected to diversify supply sources and balance quality and pricing. Under pressure from tariff threats by the U.S., Bangladesh’s textile export sector has also benefited: previous proposed tariffs on its garments were reduced from 37% to 20%. Reuters

As part of the trade strategy, Bangladesh is also importing additional agricultural inputs like soybeans and cotton. In parallel, it has approved 50,000 metric tons of rice from India to stabilize domestic food prices.