Export Crisis 2025: Tariff Tensions, Buyer Pressure, and Lack of Policy Clarity Unsettle Exporters
Export Crisis 2025 has triggered deep concern among leading Bangladeshi exporters, with A.K. Azad, the Managing Director of Ha-Meem Group, declaring that he has never witnessed such a severe situation in his 40-year business career. “We businesspeople have brought dignity to this sector. But now, we are frustrated and angry,” he said.
He made the remarks at a roundtable titled “US Counter Tariff: Which Path for Bangladesh?” hosted by Prothom Alo at the Sonargaon Hotel in Dhaka on Sunday. The event was attended by prominent economists, business leaders, and researchers.
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Azad recounted a troubling recent meeting with a major international buyer: “They said they tried to understand Bangladesh’s official position through their government. Their conclusion was—your stance is weak, and no positive outcome is expected.” He said the meeting left him demoralized.
In response, Azad contacted multiple government advisers. He noted that the next day, the commerce adviser met with business leaders and claimed that 95% of the issues had been resolved, while the rest were being worked on with ministries. Azad emphasized that if an additional $5 billion in exports could be achieved—even with a revenue loss of Tk 2,000 to 3,000 crore—it would ultimately benefit the country.
However, the concern among buyers persists. Azad said, “One buyer informed me via email that unless the new tariffs are lifted by the 1st of the month, I’ll have to bear 35% of the tariff burden myself. How can I possibly absorb that?”
Citing Indonesia’s example, he said, “There, the government and private sector act as one. They’ve hired lobbyists and engaged in discussions at every level. But in Bangladesh, we have no such opportunity.”
Regarding the interim government’s tenure, he questioned, “You say you’ll be here for 7–8 months and then leave. But where does that leave us? Who do we turn to then?”
Azad criticized the misplaced confidence that one person at the top will magically fix everything. “That’s why we’re not being taken seriously. No one’s even thinking of hiring lobbyists,” he lamented.
The government recently stated that USTR will not set tariffs, the Trump administration will. In this context, Azad urged, “If possible, try to intervene at that level.”
Though the government claims that lobbying efforts are underway, Azad remained skeptical: “Even if lobbyists are now hired, we don’t know how far that will take us. Bangladesh is entering an unprecedented phase.”
Export Crisis 2025 continues to cast a shadow over the country’s trade future, with exporters like A.K. Azad warning of dire consequences unless swift, strategic action is taken.
