Import

The novel coronavirus originated in China, the global supply chain hub, in late December and has since rapidly spread to all corners of the world, affecting hundreds of thousands of people and imposing significant economic implications. Bangladesh, a growing economy in South Asia, is no exception and...

The export of personal protective equipment (PPE) has opened a new avenue for apparel manufacturers of Bangladesh who are reeling from order cancellations and downswings of exports in the Covid-19 pandemic. According to figures by the Export Promotion Bureau (EPB), PPEs, including masks, gloves, and gowns, have...

The Government of China has given 97 percent duty free access to a listed number of Bangladeshi products in the Chinese market. Bangladesh will enjoy this duty holiday from July 1, according to a press release of Bangladesh's Ministry of Foreign Affairs (MOFA) issued today. According to...

The government may introduce a new slab of advance tax at the import stage for industrial products in the upcoming national budget for the fiscal year 2020-2021 to provide some relief to manufacturers. The rate of advance tax (AT), previously known as advance trade VAT, may be...

Country’s merchandise trade deficit with its trading partners declined to $12.07 billion in the first nine months of the current fiscal year, thanks to the decreasing trend of import and export activities owing to the global coronavirus pandemic. The deficit dropped by $130 million or 1.07 %...

The country’s vegetable exporters fear that they may lose the Middle East market to Indian exporters as the shipment of vegetables from Bangladesh has remained halted for more than two months due to lack of air communications amid the coronavirus pandemic. They said that...

Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...

Resurgent Bangladesh, an initiative to help private sector of the country in the context of COVID-19-led economic shocks, was jointly launched today by four leading business organisations and a private sector economic policy think tank. These institutions are Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka Chamber...

While Vietnam, India, Indonesia – and some other countries – are racing to get their share of the pie from the probable exodus of factories from China, Bangladesh does not seem particularly active to get its share. Japan, the US and Europe have announced they will relocate...

Some 125 publicly-traded companies in the manufacturing and service sectors have expressed fears of heavy losses due to the ongoing coronavirus outbreak. Among them, 116 companies are in the manufacturing sector, such as RMG, cement, ceramics, engineering, and tannery sector. The other nine are in the real estate and service sector. These companies are...