Refayet Ullah Mirdha

The US has launched a fresh trade investigation into Bangladesh and more than a dozen other economies to examine whether their policies and production practices are contributing to global overcapacity that could harm American manufacturing.

The investigation was initiated today by the Office of the United States Trade Representative

The development came on the final day of a two-day visit to Dhaka by a commerce secretary-level delegation from Bhutan

The piling up of freight at the Hazrat Shahjalal International Airport (HSIA) has been increasing as some of the Middle East-based airliners suspended cargo flights due to the US-Israel war on Iran.

Garment factories in Gazipur are struggling to keep production at full capacity due to a shortage of diesel, as filling stations in the area have stopped supplying fuel in containers over the past two days.

Bangladeshi exporters of vegetables and other perishable goods face mounting losses as airspace closures across the Middle East, triggered by escalating US-Israeli war on Iran, have severed vital trade routes since late February.

Shipping disruptions, cargo rerouting, and rising freight and insurance costs are set to increase business expenses

Bangladesh’s merchandise exports fell for the seventh consecutive month in February, declining 12.03 percent year-on-year (YoY) to $3.49 billion, driven primarily by weakening garment shipments.