The US has assured Bangladesh of support in diversifying export products and exploring new markets to boost bilateral trade between the two countries
Bangladesh’s exports are expected to grow by 12.65 percent year-on-year to $50 billion in the current fiscal year
The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
Despite the 10 percent growth in March, shipment is still 0.88 percent short of the monthly target at $5.14 billion
The FX Dashboard will help promote paperless transactions
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
Bangladeshi exporters are apprehending prolonged delays in shipments and a surge in transport costs following recent attacks on commercial vessels on the Red Sea
Bangladesh is very good at making cotton clothes but non-cotton products could be bolstered by foreign investment
To meet the needs of its growing economy and boost export growth, Bangladesh needs to improve its transport and logistics systems, the World Bank said in a latest report today.
Onion prices are set to drop further in the country as the Indian government has withdrawn the fixed minimum price on its export.
Apparel exporters are concerned over the United Kingdom’s ban on cargo flights from Dhaka and say it might adversely effect the country’s exports.
India agreed in principle not to carry out investigations relating to anti-dumping and countervailing duties on jute goods exported from Bangladesh, a senior commerce ministry official said yesterday.
India has launched an anti-dumping investigation into imports of jute goods from Bangladesh to see whether the export prices are set below fair market prices. In October, the Directorate General of Anti-Dumping and Allied Duties (DGAD) under India's commerce ministry opened the probe as part of its plan to impose anti-dumping duty on jute items imported from Bangladesh.
Industrial policy needs to address issues of education and skill development for facilitating higher capabilities for export diversification, attracting FDI and integrating with the global value chain.
This is not the first time the cow has become mixed up with politics. Conflicts over cow slaughter sparked religious riots in India.
India increases the minimum export price of onion to $700 per tonne from $425 to restrict onion exports, prompting a further hike in its prices in Bangladesh.
Export of fruits and vegetables to the European Union (EU) fell significantly over the first seven months of the year. No less than 143 consignments have been rejected by EU authorities on the grounds that there is lack of proper and, in some cases, fake documentation.
Finance Minister AMA Muhith in his budget speech proposes an increase of tax at source for all export sectors to 1 percent.