Bangladesh and India have $16 billion trade potential if Dhaka improves the ease of doing business and connectivity, Indian High Commissioner Vikram K Doraiswami said today.

The government yesterday approved a Tk 156 crore project to improve the testing capacity of a central plant quarantine laboratory in a bid to increase the export of locally-grown fruits and vegetables.

Terry towel manufacturers and exporters are now demanding easing rules for importing yarn through land ports, as had the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), citing that prices of this basic raw material for manufacturing garments have increased in local markets.

Garment makers have urged the government to ease the conditions for import of yarn, cotton and fabrics as an increased number of work orders are coming to Bangladesh from international retailers and brands.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested global apparel buyers to nominate more shipping liners and off-docks to facilitate timely shipment of export containers.

Computer services export from Bangladesh is rising in sync with global demand for data processing, hosting and consultancy services as many people are working from home while companies are outsourcing amidst the lingering coronavirus pandemic.

German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a solid recovery in Europe’s biggest economy. 

Apparel exporters today expressed their worry over the rising yarn prices in the local market and urged the government to take immediate steps to address the problem.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged global apparel buyers to nominate more shipping lines and private off-docks to help ensure timely shipment of export containers.

There has been a remarkable decline in the number of export-laden containers that were about to overwhelm private inland container depots (ICDs) early last month.

Exports declined in July as reduced working days for Eid-ul-Azha and coronavirus containment measures affected the production and shipment of most of the items, including clothing, the main foreign currency earner.

Exports fell 11.19 per cent year-on-year to $3.47 billion in July this year mainly because of a massive decrease in garment shipment.

Export and import operations through Banglabandha land port have resumed after 12 days of work suspension on the occasions of Eid-ul-Azha.   

The government is going to recognise 66 exporters with the “National Export Trophy” for the financial year 2017-18 for earning the highest amount of foreign currency through export in their respective sectors.

The Liberian-flagged vessel carrying export containers left Chittagong port for Colombo today following a High Court order after being kept impounded for the last eleven days at the outer anchorage of the port.

The government is going to recognize 66 exporters with the “National Export Trophy” for the financial year 2017-18 for earning the highest amount of foreign currency through export in their respective sectors.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the government to allow them to reopen all factories including export-oriented industries, citing that export might suffer severely for the continued restriction.

Wheat import has declined by 15 per cent, or 9.91 lakh tonnes, year-on-year in fiscal 2020-21 for international price hike and a fall in local demand due to the pandemic.

An Indian company—Sewtech Fashion Ltd, a sister concern of India’s largest apparel maker Shahi Exports Pvt Ltd—has agreed to invest $9.26 million in Chattogram Export Processing Zone.

Garment shipment will suffer a serious setback if production is suspended in July and August as it is the prime season for apparel manufacturers since sales rise in the Western market because of winter and Christmas, exporters said.