EU trade regulations: risks of sanctions and fines for non-compliance in Bangladesh

The International Business Forum of Bangladesh (IBFB) organized the roundtable, which was attended by Charles Whiteley, EU Ambassador and Head of Delegation to Bangladesh, as the chief guest. The meeting was presided over by IBFB President Humayun Rashid. EU Deputy Chief of Mission, Bernd Spanier delivered the keynote address, while Bangladesh Garment Manufacturers and Exporters […]

Bangladesh overtakes China to become EU’s largest knitwear exporter: BGMEA

BGMEA President Farooq Hasan revealed the data in a letter to journalists and BGMEA members on Monday. Farooq Hasan said in the letter that Bangladesh exported 1.33 billion kilograms of knitwear to EU countries last year, leaving behind China, which exported 1.31 billion kilograms. However, Bangladesh brought in US$7.30 billion from knitwear exports, which was […]

Buyer agrees to remove controversial ‘clearance-clause’ from LC: BGMEA

Initially the special LC issued by Standard Chartered Bank Dubai contained a clause, “We will not process transactions involving any country, territory or party sanctioned by the United Nations, the US, the European Union, the UK. We will not cause any delay Are not responsible for.” Non-performance or/disclosure of information for reasons of restriction.” According […]

American apparel company sets condition of not buying apparel if Bangladesh is banned

Confirming the matter, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Farooq Hasan told Prothom Alo on Wednesday that a buyer organization has included a general condition in its LC. It said that if Bangladesh faces any sanctions then they will not get any products. He further said that the company also clarified that even […]

Government and business leaders discuss addressing weaknesses in labor rights at Commerce Ministry meeting

Businessmen who attended the meeting said that currently, trade union registration requires signatures of 20 per cent of workers, and an initiative has been taken to reduce this requirement. Under the proposed amendment to the Bangladesh Labor (Amendment) Bill-2023, if the total number of workers in an organization is up to 3,000, 20 percent should […]

BGMEA President to simplify customs, bond, VAT related services

He made the remarks while addressing the inaugural function of ‘Three Months Certificate Course on Customs, Bonds, VAT, Taxes and SD’ as the chief guest. The event was organized by Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA) in association with Bangladesh Tax Training Institute (BTTI) in Dhaka on Sunday. Azizur Rahman, Commissioner, […]

Bangladeshi products able to gain trust of Saudi buyers: Commerce Minister

Bangladesh Ambassador to Saudi Arabia Mohammad Javed Patwari and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Farooq Hasan also spoke on the occasion. The program was presided over by AHM Ahsan, Vice Chairman, Export Promotion Bureau (EPB). Describing Saudi Arabia as a reliable friend of Bangladesh, Tipu said that Saudi Arabia is also a […]

With threat of US review looming, Bangladesh scrambling to explain alleged exports of knock-off brand clothing

Hatem, executive president of BKMEA, who attended the meeting, said, “So far, we have not received any complaint from our buyers that Bangladeshi companies are producing and exporting garments with copycat logos of famous brands. ” Hatem said the US trade body had made allegations against some countries, including Bangladesh, last year. Bangladesh is the […]