Refayet Ullah Mirdha

India’s offer of free transit will expand the regional and sub-regional market for Bangladesh’s exporters since it would allow them to ship goods to countries such as Nepal and Bhutan, said officials, economists and businessmen. 

Bangladesh’s garment manufacturers are pinning their hopes on the burgeoning Asian markets and the growing use of non-cotton apparel items to elevate their export earnings to $100 billion by 2030. 

With people in many parts of Europe facing heatwave, longer than usual dry summers and runaway inflation, denim makers in Bangladesh are feeling the pinch. 

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.  

The government yesterday approved the applications of 49 businessmen to export 2,450 tonnes of hilsa to India as the demand for this kind of fish rises among Indian consumers ahead of Durga Puja, the biggest religious festival in the neighbouring country, scheduled to be held next month.

If implemented properly, Bangladesh stands to gain more from the proposed trade pact with India by way of higher exports and investment despite the loss in tariff revenue, found a Dhaka-Delhi joint feasibility study.

Merchandise exports posted a whopping 38.09 per cent year-on-year growth in August to bring home $4.67 billion, handing more breathing room to Bangladesh struggling to bring its macroeconomy under control, official figures showed yesterday.

The government wants to amend the labour law as soon as possible to comply with European Union labour standards in a bid to obtain the GSP Plus status in the key export market, said the commerce secretary yesterday.  

Bangladesh will again raise the issue of the reinstatement of the Generalised System of Preferences (GSP) of the US in the Trade and Investment Cooperation Forum Agreement (Ticfa) meeting in Washington in November, said Tapan Kanti Ghosh, senior secretary to the commerce ministry, yesterday. 

Around 73 per cent of Bangladesh’s garment exports is still limited to nine countries for a lack of market diversification in spite of different public and private initiatives. 

Apparel exporters in Bangladesh are feeling the pinch of a looming global recession, persisting higher inflation and dragging severe fallout of the Russia-Ukraine war as orders from international buyers have fallen. 

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).

Bangladesh can make little use of the generous duty benefits offered by China simply because of its narrow export basket, with the situation compounded by the fact that the products are low in demand in the East Asian country. 

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. 

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.

Bangladesh should cut its over-reliance on the US dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure in the foreign currency market, businesses said. 

The Second World War changed almost everything in the world. Or in short, we can also say that after WWII, the world changed in a way it had not changed for many years.

Merchandise exports from Bangladesh grew 15 per cent year-on-year to $3.98 billion in July, giving a much-needed breather to the country amid global uncertainty and foreign exchange crisis, official figures showed yesterday.  

Use of multiple currencies instead of being overly dependent on the US dollar in international trade may ease the pressure on foreign exchange reserves and help overcome the current crisis, said the chief of a leading chamber yesterday.

The import of basic raw materials used to produce garment items in Bangladesh surged in the first six months of 2022 on the back of a rise in demand in the export markets, even contributing to the dollar crisis in the country.