Bangladesh is poised to overtake China in garment exports to Europe, the world’s largest market, anytime in the near future for work orders shifting its way and its price competitiveness.

Bangladesh will export around 3,000 tonnes of hilsa to India marking upcoming Durga Puja, the biggest religious festival of the Hindu community scheduled to be held next month. 

Garment exports to the US rose 54.43 per cent year-on-year in the January-July period to hit $5.71 billion as the demand for locally made garment items is growing among American consumers, according to data from the country’s Office of Textiles and Apparel (OTEXA).

The Chattogram port must fast-track the unloading of goods, install modern equipment, and improve service quality in order to cut congestion and facilitate Bangladesh’s fast-expanding global trade, speakers said today.

A delegation of the Dhaka Chamber of Commerce and Industry (DCCI) will depart Dhaka tomorrow for Turkey to explore bilateral trade and investment opportunities.

Rubana Huq, former president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has been honoured with the Human Right Award by CNMI Sustainable Fashion Awards 2022 on the occasion of Milan Fashion Week.

Bangladesh needs more Chinese market-oriented investments to boost its exports to Xi Jinping’s nation, analysts said today.

An exposition on food and chemical lab will start in Dhaka’s Bangabandhu International Conference Centre tomorrow.

India has banned fresh overseas shipment of broken rice with effect from today (September 9, 2022) aiming to increase domestic availability.

Bangladesh recorded robust export earnings riding on the main export earner knitwear and woven garments in the first two months of the current fiscal year.  

Traders in Bangladesh are seeking permission from the government to export Hilsa to India on the eve of the Durga Puja, the biggest religious festival of Hindu devotees, when the demand for the popular fish goes up.    

Bangladesh needs to prepare to grab a bigger slice of the European Union’s export market as China may lose 8 to 10 per cent of its share within the next few years due to global geopolitical changes, an economist said yesterday.

Despite a lot of emphasis by policy-makers on cutting dependence on a single product for exports over the years, the share of readymade garments has increased gradually, putting external sales, jobs, and the economy as a whole at risk. 

Private inland container depots (ICDs) have raised charges for their services involving handling export-laden containers by 25 per cent citing the August 5 hike in fuel prices. 

Bangladesh’s exports to South Asian nations reached a new high in the last fiscal year of 2021-22 for having grown steadily over the past three years, according to Export Promotion Bureau (EPB).

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged Prime Minister Sheikh Hasina to readjust fuel prices by withdrawing taxes on petroleum products.

The customs authority has withdrawn import duties on 43 types of Bhutanese goods to give them better market access to Bangladesh, according to a notification issued by the National Board of Revenue (NBR) recently.

The cost of fuels for Plummy Fashions Ltd, the world's greenest knitwear factory located in Narayanganj, will go up by 25 per cent owing to Saturday’s more than 50 per cent hike in the price of petroleum products.

Export earnings grew by 15 per cent year-on-year to $3.98 billion in July, the first month of the current fiscal year.

The port’s effort to keep trading on even amid pandemic in the last fiscal year has helped log the export growth, said Abdul Jalil, deputy director for administration of the Benapole Port.