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...
Foreign direct investment (FDI) in developing countries has a bad reputation. In some discussions, it is presented as tantamount to postcolonial exploitation of raw materials and cheap labour. However, recent data shows that FDI in developing countries increasingly flows to medium and high-skilled manufacturing sectors, involving elevated...
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...
The government has stepped up measurers for enhancing imports of key essential commodities to keep their supply and prices stable in the market during Ramadan which will start in late April, officials said. To this end, it has recently askedthe country's importers concerned to speed up imports...
Sea freight transport, the lifeblood of trade and a bellwether of the global economy, has been blown off course by the new coronavirus, sparking general alarm. As analysts pore over charts to gauge just how badly Chinese mega-factories have been hit, figures provided by cargo ship traffic...
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...
Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said. The actual import in terms of the settlement of letters of credit (LCs) rose to $50.57 billion during the July-May period...
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...
Azerbaijan is keen to import more products, including furniture, ceramic tiles, pharmaceuticals and IT ones, from Bangladesh.Both Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Apex Chamber of Azerbaijan may also form a “Joint Chamber” in nearest future. Azerbaijan also wants...