Import

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...

আমদানি কাঁচামাল খালাসে চট্টগ্রাম বন্দর ও কাস্টম হাউসে নানা জটিলতার কারণে তৈরি পোশাক শিল্প ক্ষতিগ্রস্ত হচ্ছে। এ খাত সংশ্লিষ্টরা জানান, বন্দর থেকে যথাসময়ে তারা আমদানিকৃত কাঁচামাল ডেলিভারি নিতে পারছেন না। এতে বাধাগ্রস্ত হচ্ছে তৈরি পোশাক রফতানি। বিদেশ থেকে আমদানি করা কাপড় ও অন্যান্য উপকরণ দিয়ে পোশাক তৈরি...

Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the petroleum industry are about to start shutting down. The economic impact of the coronavirus has ripped through...

Google defines “globalization” as follows- Globalization is a process by which businesses or other organizations develop influence or start operating on an international scale. People have been trading across continents for centuries. The concept of globalization is nothing new. From time...

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...

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...

Bangladesh's rice imports fell to a nearly 40-year low in the fiscal year 2019-20 thanks to farmers' endeavour to increase the yields of the main crop and allow the nation to be self-sufficient in the cereal production. Total import was 4,180 tonnes in the last fiscal year,...

State Minister for Industries Kamal Ahmed Majumder today said that steps would be taken to keep same the value added tax (VAT) system at the import and production levels of the products of light engineering industries. Like the readymade garment (RMG) sector, providing all kinds of necessary...

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...

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...