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Economic Relations

The United States is Bangladesh’s largest export market. Our countries have signed a bilateral investment treaty, as well as a bilateral treaty for the avoidance of double taxation. In 2017, U.S. direct investment in Bangladesh was $460 million, an increase of 0.4 percent from 2016. Our governments held the fourth annual Trade and Investment Cooperation Forum Agreement (TICFA) meeting in Washington, D.C. on September 13, 2018, which highlighted the potential for greater cooperation with Bangladesh. Discussions at the TICFA meeting particularly focused on market access for U.S. cotton, enabling a digital economy, transparency in government procurement, and labor reforms in Bangladesh.

In 2017, the United States exported approximately $1.5 billion in U.S. goods to Bangladesh and imported approximately $5.7 billion worth of goods from Bangladesh U.S. exports to Bangladesh include agricultural products (grains, seeds, soybeans, cotton, wheat, and corn), machinery, and iron and steel products. U.S. imports from Bangladesh include apparel, footwear, textile products, headgear, and agricultural products. (Source: USTR).