Export

Let factories run during lockdown

Textile and garment manufacturers and exporters yesterday demanded the government allow keeping factories open during the coming lockdown to help them offset the losses caused by the pandemic.
A supplier’s plea to reopen clothing stores in West

Chattogram-based Denim Expert’s managing director, Mostafiz Uddin, has been sending an open letter to some leaders in Europe, the UK and the US since February 26 urging reopening clothing stores to ensure sustainable supply chains in garment business.
Bangladesh unlikely to cut subsidy on jute goods export

Bangladesh is unlikely to reduce incentives on exports of jute goods, Commerce Minister Tipu Munshi said yesterday.
Steel exports jump 83pc

Bangladesh’s steel export, mainly semi-finished casting products, leaped 82.91 per cent year-on-year during the July-January period of the ongoing fiscal, interestingly coinciding with the ongoing pandemic-induced economic slowdown.
Export drops 5pc in January

Earnings from merchandise exports fell 4.99 per cent year-on-year to $3.43 billion in January because of slower recovery of garment shipment from the pandemic-induced business slowdown, official data showed yesterday.
Withdraw anti-dumping duty on hydrogen peroxide: Commerce minister to Pakistan

Bangladesh Commerce Minister Tipu Munshi today demanded that Pakistan withdraws the anti-dumping duty on export of hydrogen peroxide for greater bilateral trade between the two countries.
Jute exports on the mend

Bangladesh’s jute industry is passing exceptional times.
Exports slip slightly

Merchandise shipment declined 0.36 per cent year-on-year to $19.23 billion in July-December 2020 as Bangladesh’s major export destinations continued to struggle to tame the rising coronavirus infections, official data showed.
ASEAN the way to go: Experts urge Bangladesh to join free trade bloc

Experts, including economists and business leaders, have suggested that Bangladesh sign free trade agreements with ASEAN countries to boost exports to the bloc.
Bangladesh to export 1,475 tonnes of hilsa to India for Durga Puja

The government has decided to send 1,475 tonnes of hilsa fish to India as a gesture of goodwill on the occasion of Durga Puja, an annual Hindu festival, and has already given the go-ahead to nine exporters to begin shipments from the next week.
Vessel carrying cement from Bangladesh reaches Tripura in first ever export trip through inland waterways

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.
Graduation from LDC status: Govt urges Japan to extend zero-duty benefit on exports

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.
Garment export orders rolling in once again

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.
Is duty-free facility enough to boost export to China?

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.
RMG export earning plummets by 18.45pc in FY 2019-20

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.
RMG export: 1pc additional cash incentive to continue, source tax hiked to 0.5pc

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.
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.
‘Made in Bangladesh’ smartphones headed to US

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.
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.
Govt now pushing for rice exports

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 to export bandwidth to Nepal

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.
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.
Export of plastic products rises as new markets emerge

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 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.