Beximco's problems are evidence of a number of ongoing problems in the garment industry.
"The imposition of higher tariffs on Chinese goods by the Trump administration could prompt international businesses and investors to turn to Bangladesh," Ahsan Khan Chowdhury, chairman of Pran-RFL Group, said today
The USA's overall apparel imports from the world also fell by 0.33 percent to $67.04 billion during the January-October period, the data showed. China ranked first in apparel shipments to the USA, with Vietnam in second place
Bangladesh's overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study..Mohammad Abdur Razzaque, chairma
The US has assured Bangladesh of support in diversifying export products and exploring new markets to boost bilateral trade between the two countries
Bangladesh’s exports are expected to grow by 12.65 percent year-on-year to $50 billion in the current fiscal year
The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
Despite the 10 percent growth in March, shipment is still 0.88 percent short of the monthly target at $5.14 billion
This is not the first time the cow has become mixed up with politics. Conflicts over cow slaughter sparked religious riots in India.
India increases the minimum export price of onion to $700 per tonne from $425 to restrict onion exports, prompting a further hike in its prices in Bangladesh.
Export of fruits and vegetables to the European Union (EU) fell significantly over the first seven months of the year. No less than 143 consignments have been rejected by EU authorities on the grounds that there is lack of proper and, in some cases, fake documentation.
Finance Minister AMA Muhith in his budget speech proposes an increase of tax at source for all export sectors to 1 percent.
Commerce Minister Tofail Ahmed said international factoring removes the danger of open-account trade under two-factor system very easily, regardless of whether the exporter is a small or large organisation.
