Assure to import agricultural products

Published:

On: Feb 2020

The United States of America is delivering desirable terms to attract numerous foreign firms towards its agricultural products as a major part of the American president Donald Trump’s administration push to boost exports. A growing number of the US farmers struggled to create ends meet in the last year because of the trade concerns involved in a set of increasing risks in the sector, from drastic weather change to lowest commodity values.

According to the recent buzz, during a seminar held in cooperation with the Association of Bankers, Bangladesh (ABB) at the American Centre in Dhaka, the US Department of Agriculture (USDA) stated that in order to uplift financing in Bangladesh to acquire American agricultural products, the government of the United States of America will offer credit assurance under a brand new programme.

By minimizing fiscal risk to bankers, credit assures motivate exports to importers in the distinct nations, particularly emerging countries that have ample monetary strength to have foreign exchange present for organized discharges, said by the USDA. The deputy head of mission of the US embassy in Dhaka, JoAnne Wagner said that the trade will build up powerful agricultural trade with Bangladesh as it is a leading export industry for US agricultural products and there is clear assessment to explore its trading relationship even further to the advantage of both nations.