Export of plastic products has risen in month (July-October) of FY 2019–20 compared to same period of 2018–19 FY, thanks to availability of raw materials at a cheaper rate, producing quality products, new buyers from Europe, a robust government policy framework, enhanced manufacturing efficiency and export of...
The country's off-docks handled a lower number of outbound containers in October. This indicates that the export earnings might have missed the target set for the month. The Chattogram-based 18 inland container depots (ICDs) handled nearly 42,000 twenty foot equivalent units (TEUs) of export containers last month,...
Bangladesh will be able to double its export to India in three years if the former can utilise its trade potential in the northeastern Indian states, according to the India-Bangladesh Chamber of Commerce and Industry (IBCCI). Bangladesh’s export to India crossed $1 billion in the last fiscal year...
The government has set a target of lessening the time of completing import and export procedures to two days and one day respectively by 2022. Currently, the time for releasing import goods needs eight days while export goods five days through different customs ports. The target is...
The Indian textile lobby is pressing its government to impose fresh non-tariff barriers on Bangladesh's apparel exports against the backdrop of rising shipment to the neighbouring country, officials said. The pressure came at a time when readymade garment exports to India clocked a 79 per cent growth...
Despite sharing a long border, Bangladesh is still a very tiny source for merchandise for India due to a lack of diversification of products and non-tariff barriers. India’s annual merchandise import amounts to $500 billion, in which Bangladesh’s share is only 0.2 percent, or a little above...
Exporters’ problem in getting duty drawback is set to be solved as the National Board of Revenue has decided to empower its Duty Exemption and Drawback Office in determining input-output coefficient for refunding the exporters. NBR in a recent meeting decided to amend the related rules so...
Japan’s exports slipped for an eighth month in July, while manufacturers’ confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-US trade war could tip the economy into recession. The gloomy data underscored the challenge...
