Export

Indian clothing manufactures demand tax on Bangladeshi RMG imports

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.
BGMEA engaging rights groups to ensure buyers pay local suppliers

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has been engaging different international rights groups to ensure that international retailers and brands pay local suppliers.
Coronavirus outbreak: Khulna’s crab, eel trade losing Tk 4cr every day

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.
Bangladesh can boost exports with better logistics: WB

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.
Tyre manufacturing awaits a boom with Tk 3,000cr investment

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
Govt allows 500 tonnes of hilsa export to India

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

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 smash record in July, fetch $3.89b

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 second in export growth: WTO

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.
Exporters get a boost

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.
Garment exporters call for faster customs service

Garment exporters yesterday demanded a faster and more efficient service from the customs houses of Dhaka, Chattogram and Benapole ports as some of them are facing troubles in their business operations.
Double-digit export growth in FY19

The country’s merchandise export earnings grew by 10.55 percent year-on-year to $40.53 billion in the immediate past fiscal year riding on a high volume of garment shipment in a favourable external business environment.
Containers pile up at Ctg port

Import-laden containers are piling up at Chattogram port mainly due to slow delivery as operations of factories and vehicular movement are yet to return to normalcy following the Eid vacation.
Gold import cost to drop under baggage rules

The government may relax the baggage rules from next fiscal year to facilitate travellers to bring in gold bars and jewellery through the formal channel as it looks to curb smuggling.
Cash incentive inadequate

The government’s proposal to increase cash incentive by one percentage point for exporters is insufficient to jumpstart shipments from many sectors, said leaders of different trade bodies.
Bangladesh becoming major importer of US nuts

Bangladesh is progressively becoming an important market for the US’s tree nuts, mainly almond, thanks to the country’s rising income and expanding food and beverage industry, said a report by the US Department of Agriculture (USDA). “Consumers’ attitude towards nut consumption
Exporters may get more cash incentives

The government mulls over increasing the cash incentive for exports by one percentage point as it looks to motivate exporters to leverage the sudden opportunities presented by the US-China trade war. Currently, 26 sectors are provided with cash incentives ranging from 2 percent to 20 percent of their export
Apparel export to US thrives on trade war

Apparel exports to the US, Bangladesh’s single largest export destination, jumped 15.57 percent to $1.63 billion in the first three months of the year, which the exporters and experts attributed to the ongoing trade war between the US and China. Ready made garments was not in the list of the items
Exports fetch $3b in April

Exports grew 2.69 percent year-on-year to $3.03 billion in April riding mainly on the higher shipment of apparel items, official data showed yesterday. Last month’s receipts, however, fell short of the government’s monthly target of $3.08 billion by 1.52 percent.
Vietnamese mangoes to be exported to US

After 10 years of negotiations, Vietnamese mangoes have been licensed for export to the US.
All export, import items to be scanned : Kamal

All the export and import consignments would be scanned before clearance to curb duty evasion, said Finance Minister AHM Mustafa Kamal yesterday.
Export source tax cut effective from Jan 1: NBR

Banks will have to deduct 0.25 percent source tax on exports of apparel and other items, except for jute goods, with effect from the first day of January, said the National Board of Revenue (NBR) recently.
Bangladesh 2nd largest economy in South Asia

Bangladesh has been ranked 41st among the largest economies in the world in 2019, up from the 43rd position since last year, according to an analysis by a UK based think tank.
Shrimp exporters stare at bleak future

Shrimp processors finished the first half of fiscal 2018-19 amid lower export receipts than a year earlier, with a revival in fortunes progressively looking unlikely in the second half, said exporters yesterday.
Govt eyes $60b exports in 3 years

The government has come up with a host of incentives including low-interest loans under the new export policy to facilitate receipts
Ctg port bears brunt of transport strike

Turnaround time at the Chattogram port has sharply increased because of a recent two-day countrywide transport strike, leading to vessel congestion and cancellation of berthing schedules.
Pran bags $5.25m export orders at Paris fair

Leading food processor Pran has bagged export orders worth around $5.25 million at Sial Food Fair, one of the largest food exhibitions in the world.
Export of agro-processed foods to hit $1b by 2021

Bangladesh's export of agro-processed foods may cross $1 billion in the next three years and the country has a bright prospect in the sector, a platform of agro-processors said yesterday.
US top beef exporter of the world

Beef exports of the US accounted for 12.9 per cent of total production in 2017. Although India has banned the slaughtering of cows and consumption of beef in many parts of the country, it is among the top exporters of beef in the world.
Exports to China drop 27pc

Bangladesh's exports to China—one of the most promising Asian markets—fell 26.79 percent year-on-year to $694.97 million in 2017-18.