The ongoing Covid-19 pandemic has shed light on the potential of investing in the production and export of medical personal protective equipment (MPPE), analysts said at a webinar yesterday.

Bangladesh has already conquered the international apparel market and is currently the second-largest exporter of garment items worldwide after China with a 6.8 per cent global market share.

The removal of double taxation and introduction of easy banking procedures will increase trade between Bangladesh and Russia, Commerce Minister Tipu Munshi said today.

Export earnings surged 31 per cent year-on-year to $4 billion in November from a year ago, thanks to the rebound in the apparel shipment in the European and the US markets for increased consumers’ demand following the Covid-19 pandemic fallout.

Bangladesh has the potential to produce $1.2 billion worth of recycled textile and garment items as the country has a big production base of cotton fibre made clothing items, according to a new study by the Global Fashion Agenda (GFA) and the McKinsey & Company.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will work with the British-Bangladesh Chamber of Commerce and Industry (BBCCI) to expand the south Asian country’s export market in the UK.

Bangladesh will expedite diplomatic efforts with the European Union (EU) to keep apparel shipment to that destination unhurt, Commerce Minister Tipu Munshi said today.

Structural reforms are required to mitigate key bottlenecks of the domestic logistics system as most private sector entities suffer for a lack of adequate facilities, according to business leaders.

China’s export growth slowed in October but beat forecasts, helped by booming global demand ahead of winter holiday seasons, an easing power crunch and an improvement in supply chains that had been badly disrupted by the coronavirus pandemic.

Bangladesh’s exports hit a historic high of $4.73 billion in October with a 60.37 per cent year-on-year increase riding on the stunning rebound of readymade and non-readymade garment shipment.

Exporters in Bangladesh have kept setting new records as merchandise shipment fetched $4.72 billion in October, the highest single-month receipts.

Export earnings increased 60.37 per cent year-on-year to $4.73 billion in October, the highest ever for a single month in the history of Bangladesh.

At least 18 metric tonnes of hilsa were exported to India tonight through the Benapole border on the occasion of Durga Puja.

Bangladesh could not develop Halal business outreach due to limited infrastructure to utilize the potentials of the market in the Middle Eastern region, speakers said in a webinar today.

The reopening of the economies of European countries and the USA has created a new opportunity for Bangladesh on the way of recovery from the severe fallouts of Covid 19 pandemic, apparel exporters said today.

The government has extended the time for hilsa fish export to India until November 5.

Prime Minister Sheikh Hasina yesterday stressed diversification of exportable products, urging businesspeople and officials concerned to expand production of export items and explore new global markets to strengthen the country’s economy further through enhanced foreign earnings. 

Textile and garment makers and exporters yesterday urged the government to quickly simplify the country’s export-import procedures as work orders are in a rising trend despite the ongoing coronavirus pandemic.

Pharmaceuticals shipment from Bangladesh grew 33 per cent year-on-year in the first quarter of the current fiscal year on the back of anti-coronavirus drugs and cash incentives of the government.

Although the government has set an ambitious target to export one lakh tonnes of mango annually within the next three to five years, no meaningful measures have been taken as of yet to achieve this lofty goal.