However, imports of goods from various countries into India have decreased. India has imported products worth US$ 560 billion in the first ten months of its current financial year, compared to US$ 601.47 billion at the same time in the last financial year. According to India's Ministry of Commerce and Industry, their imports have declined […]
Bangladesh is the third largest exporter after China and Vietnam. China exported finished garments worth $1.41 billion in January 2024 – down 2 percent from the same period last year. Exports from Vietnam fell 4.76 percent to $1.20 billion. After Bangladesh, India and Indonesia come next. India exported $350 million worth of RMG products to […]
Teknaf Paurashwa Panel Mayor Mujibur Rahman said 30-35 mortar shell explosions were heard in Keriprang and Perangpru villages, south of Mongdu township, between Wednesday evening and early Thursday morning, and hit the Jaliyapara, Chowdhurypara, Kulalpara and Delpara areas of Teknaf. Moved. Municipality. Bangladesh and Myanmar opened bilateral trade on 5 September 1995 to prevent border […]
“The achievement of new markets is a positive side, but it is limited to two or three markets,” Khondaker Golam Moazzam, research director at the Center for Policy Dialogue (CPD), told Prothom Alo. We highlighted data and statistics on 15 potential markets in a research in 2010, and we are performing better in the markets […]
Somewhat echoing the voice of factory owners on labor rights issues, Amirul Haq, president of labor coalition body Industrial Bangladesh Council (IBC), said there have been several talks on restrictions recently. “However, we want to make it clear that the country is not in such a bad position to face sanctions. Labor standards have improved […]
India has extended a ban on onion exports by three months to curb prices and increase supplies in local markets. The ban, which sets a minimum export price (MEP) of US$800 per tonne, will remain valid till March 31, 2024, a notification from the Directorate General of Foreign Trade said on Thursday.
The number of companies owned by Bangladeshis registered in the United Arab Emirates (UAE) is increasing, according to one of its emirate statistics. Additionally, the number of membership of Bangladeshi businesses in Dubai Chamber of Commerce increased by 47 percent (1,044 companies) to a total of 10,975 companies in January-June this year. Established in 1965, […]
Vuong Dinh Hue, Speaker of the Vietnam National Assembly, attended an event titled ‘Forum on Policies and Laws to Promote Economic, Trade and Investment Cooperation between Vietnam and Bangladesh’ in Dhaka, UNB reported. It was jointly organized by the Vietnamese Ministry of Industry and Trade, Ministry of Planning and Investment and the Vietnamese Embassy in […]
At present, farm-grown chicken eggs are being sold at 12.5 to 13 taka in local markets. The prices of eggs have been rising continuously in the last two years, so much so that the price per egg has reached 15 taka. According to the state-owned Trading Corporation of Bangladesh (TCB), egg prices ranged from 7 […]
The country is currently going through various economic crises. Due to the dollar crisis, traders are struggling to import goods. But despite this crisis, eight business groups of the country have joined the billion dollar club. These eight industrial groups are Meghna Group of Industries (MGI), Citi Group, Abul Khair Group, S Alam Group, TK […]
During the meeting, the two Ministers signed two Memorandums of Understanding (MoUs) on cooperation in the energy and agriculture sectors between the two countries. While the MoU on energy sector aims to promote long-term sale and distribution of traditional form of energy in Bangladesh and to develop new and renewable energy sources and power plants, […]
The European Union is the largest market for readymade garments. Bangladesh will get GSP Plus facility in this market for three years after its admission from LDC to developing countries. After this, Bangladesh will have to fulfill certain criteria to get GSP plus facilities. The European Commission has already finalized the draft of the new […]
But, he noted that despite significant potential, bilateral trade between Bangladesh and South Africa stood at only US$ 316.83 million last year, well below its full potential. “This presents a promising opportunity for cooperation given the export and import potential of both countries,” he added. PM Hasina said that she is confident that there are […]
Syed Mahbubur Rahman, managing director of Mutual Trust Bank (MTB), saw a slight improvement in the dollar crisis, but said the crisis was still there. “We still cannot open letters of credit (LCs) as per the demand of the customers. Foreign trade cannot be done as easily as before. Foreign banks do not give loans […]
The garment manufacturers, which employ millions of Bangladeshis directly and indirectly, export finished garments to regions including Europe, North America, Japan and Australia. According to industry players, air freight usually costs $8 to $10 per kg. A large European buyer has asked an apparel maker to slash delivery prices by 5% because of delays, an […]