Category: Trade

Aarong, a leading fashion and lifestyle brand in the country, opened its first discount sales center on occasion of holy Ramadan in Barisal at the basement of K Jahan Center on Sadar Road area of the city center Tuesday.

Commercial cultivation of cardamom has begun in Benapole stirring interests of many even at the research level.

With onrush of huge sellers and purchasers the market of fazli, king of mango, has gained momentum in Rajshahi and Chapainawabganj districts, famous for mango production, on the last leg of the mango season.

Bangladesh failed to achieve its export target for last fiscal year (2012-13) having a shortfall of US$ 981.74 million although the export earnings witnessed 11.18 percent growth over the previous fiscal (2011-12).

Bangladesh and Belarus on Tuesday signed eight instruments, including two agreements and four Memorandum of Understanding (MoUs), aiming to strengthen economic and cultural relations between the two countries.

Dhaka Chamber of Commerce and Industry (DCCI) on Monday urged the Turkish entrepreneurs to invest in the prospective sectors of Bangladesh including renewable energy, wind energy, infrastructure, tourism and pharmaceuticals.

The revenue target for Benapole land port for the current fiscal 2013-14 has been reduced to Tk 2,350 crore, which is 12 per cent less than that of the outgoing fiscal 2012-13.

The government has decided to provide subsidies and cash incentives to 14 export items, including readymade garments (RMG), vegetables, ships and light engineering products.

China’s national market regulatory agency says it is investigating possible abuse of market dominance by the food processing and packaging giant Tetra Pak, in a sign that China is widening its scrutiny of operations by foreign companies at home.

Japanese clothing chain Uniqlo will open its first two stores in the capital on Friday to attract the nation’s growing middle class, providing them with locally-produced high quality comfortable clothing at affordable prices.

Local community police detected high presence of formalin in the seasonal fruits put for sale at different shops in the city on Tuesday.

Some 60,000 Liquefied Petroleum (LP) gas users in Khulna region have expressed grave concern over the hike in its price just ahead of Ramadan.

RIYADH: Saudi Arabia’s government has extended the amnesty period till November 4 for legalization of illegal workers.

The Ministry of Commerce has said there will be no crisis of essentials during the holy month of Ramadan as the supply and import of those remained normal in the market ahead of Ramadan.

Voicing deep concern over the suspension of the Generalised System of Preference (GSP) facility to Bangladesh,  Dhaka Chamber of Commerce and Industry (DCCI) has urged the US government to revive the privilege.

China is considering to expand preferential trade arrangements which will cover almost 95 percent of Bangladesh goods in addition to discussing the issue of rules of origin to reduce the trade imbalance.

More than what it means for ready-made garment exports to the US, the suspension of GSP by Washington has set off alarm bells for a different reason.

US Trade Representative Mike Froman has said that his country has no plan to restrict clothing import from Bangladesh to put extra pressure on the South Asian nation to improve its safety conditions for workers,

Experts have raised serious concerns about a recent government decision for allowing the imported poultry feeds to pass the customs check points without undergoing compulsory tests for antibiotics and melamine.

Foreign Minister Dr Dipu Moni has urged the Organisation for Economic Cooperation and Development (OECD) countries to remain engaged with Bangladesh, including its RMG industry.

Trading of mango, the most juicy and delicious fruit of the summer season, has reached its peak in the markets of Rajshahi and Chapainawabgonj districts vibrating the agro-based economy of the region.

Yet another Indian handset vendor has entered the Bangladesh`s mobile market with Zen Mobile by launching a series of phone’s features.

Bangladesh’s export potentials to the European Union countries still remained untapped despite ‘best possible’ market access, the head of EU delegation in Dhaka, Ambassador William Hanna said on Wednesday stressing on diversification of export basket.

The country’s export earnings from vegetable and fruits over the first 11 months of the current fiscal have increased by 42 and 35 percents respectively compared to the previous fiscal, according to the Export Promotion Bureau (EPB).

Dhaka – Developing economies remain the drivers of international trade growth despite the ever-rising level of regulation in the wake of the financial crisis and a clear trade finance gap for small- and medium-sized enterprises (SMEs) in the southern hemisphere,…

Ministers for commerce and industries from member countries of the 20-nations Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) will meet at the forum’s headquarters in Mauritius next month to explore ways of strengthening business ties.

Experts at a seminar here on Thursday stressed the need for promoting the shipbuilding business in the country to earn more foreign currency by exporting ships.

Bangladesh and Kuwait have agreed to further strengthening relations between the two brotherly countries and underlined the importance of developing investment in mutually beneficial project areas including power, energy and infrastructure sectors.

Petah Marian

Prime Minister Sheikh Hasina on Sunday urged the foreign buyers not to ignore Bangladesh’s RMG products, but raise the prices so that the factory owners could pay their workers more.