A Bangladeshi barge carrying 50 tonnes of cement has reached Sonamura in the north eastern Indian state of Tripura two days after setting sail from Daudkandi, opening a new chapter in bilateral connectivity.

Commerce Minister Tipu Munshi has called upon the Japanese government to extend the zero-duty benefit for Bangladesh exports to Japan for at least five more years after the country graduates from the least developed countries (LDC) status.

It appears garment manufacturers are at last breathing a sigh of relief as work orders for apparel items from international retailers are coming back with the reopening of their stores in the European and American markets.

On June 16, 2020 China declared duty-free export facilities for the least-developed countries (LDCs), including Bangladesh on 97 per cent of their tariff line.

The country’s earnings from garment export in the outgoing 2019-20 fiscal year declined to 27.83 billion USD – an 18.45 percent decline compared to the previous fiscal year.

Finance Minister AHM Mustafa Kamal has proposed continuation of 1 percent additional cash incentive for the country’s garment export in 2020-21 fiscal year too, considering the economic fallout from Covid-19 pandemic.

Clothing manufacturers in India have asked the government to impose more duty on import of clothing items, especially from Bangladesh, to save their domestic industry.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has been engaging different international rights groups to ensure that international retailers and brands pay local suppliers.

Walton is set to export smartphones to the US, in what can be viewed as a remarkable endorsement of the leaps taken by Bangladesh’s manufacturing sector.

Thousands of farmers and traders in Khulna region are incurring losses worth Tk four crore every day as crab and eel exports to China have been suspended due to the coronavirus outbreak.

The government will provide 15 per cent cash subsidy to rice exporters for the first time in the country’s history with the view to encouraging shipment of the surplus grain.

Bangladesh Submarine Cable Company (BSCCL) is looking for new markets to export its huge unused bandwidth and the new destination is Nepal, said officials of the state-owned listed firm.

To meet the needs of its growing economy and boost export growth, Bangladesh needs to improve its transport and logistics systems, the World Bank said in a latest report today.

Bangladesh is on the verge of becoming a saturated market in tyre manufacturing by next year with the inclusion of some local and foreign conglomerates in the business. Apex Husain Tyre and Gazi Tyre

The government has allowed export of highest 500 tonnes of hilsa to India during Durga Puja.

Two Bangladeshi companies are set to export liquefied petroleum gas (LPG) to the landlocked northeastern states of India. Omera Petroleum and Beximco LPG will export LPG to state-owned Indian Oil Corporation (IOC), which will bottle and sell to consumers.

Exports brought home record amounts in July, in a development that will bring a huge sigh of relief for the government battling sizeable balance of payments deficit.

Bangladesh has achieved the second highest export growth globally over the past decade (2008-2018) and the highest among South Asian nations thanks to the spiralling apparel shipment, according to World Statistics Review 2019.

Shipments of plastic products rose 22 percent year-on-year to $120 million in fiscal 2018-19, something manufacturers and traders attribute to the emergence of new export destinations.

Exporters will now be able to issue the certificate of origin to enjoy the generalised system of preferences (GSP) facility in the European Union, instead of relying on the Export Promotion Bureau (EPB) for the document.