Dhaka: Bangladesh said on Sunday that it licensed the Starlink Satellite Internet service of Tech billionaire Elon Musk, as the American takes fear of its major apparel sector by punishing tariffs.
Starlink service will be unveiled at a government -backed investment summit which opens in Dhaka on Monday.
Chaudhary Aashiq Mahmood, president of Bangladesh Investment Development Authority, told reporters on Sunday, “We approved him.”
Mahmud said that it was provided on March 28, several days ago, US President Donald Trump unveiled his comprehensive tariff program that sent global markets to a telpin.
The new tariff on Bangladesh goods was set to 37 percent, which was in hiking duties on cotton for the last 16 percent.
Musk’s White House has a role in Trump’s right hand and his meetings with foreign leaders have raised questions about staining the line amidst his official roles and business interests.
Interim officials of Dhaka, who took over after a student -led revolution, declined in the former government of the former government in August 2024, seeking US diplomatic support.
Interim leader Muhammad Yunus held an emergency meeting on Saturday to assess the impact of tariffs on the world’s second largest dress producer.
The Nobel Prize winner Younis will write to Trump about Tariff, his press secretary said on Sunday.
Musk and Yunus talked about bringing starlinks in February, which provides internet usage to remote places by low Earth’s class satellites in Bangladesh.
At that time, he emphasized that the service will create new opportunities for “Bangladesh’s entrepreneur youth, rural and weak women and communities of weaker women”, in a statement by Yunus’s Media Office.
About 80 percent of exports from South Asian country accounts for textile and apparel production.
According to data from Bangladesh Garment Manufacturers and Exporters Association, National Trade Body, Bangladesh exports $ 8.4 billion annually to the United States.
This is about 20 percent of the total export of Bangladesh’s finished clothing.
