Dhaka, Nov 21 – Another cargo aircraft carrying 105 metric tonnes of imported onion from Egypt arrived here on Thursday evening.
Category: Trade
Onion prices create new record
Dhaka, Nov 15 – Onion prices in the kitchen market kept breaking the records, with per kilo having a price tag of as high as Tk 240-250 in some places on Friday.
Both US and China losers in ongoing trade war, says study
Geneva, Nov (Kanaga Raja) – Tariffs being imposed by the United States on China are economically hurting both countries, with US losses largely related to higher prices for its consumers, while China’s losses are related to significant export losses, a…
Asian stocks sink after Trump threatens more China tariffs
Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all…
Trump absent, ASEAN charts path for trade bloc led by China
Leaders from fast-growing Southeast Asian economies, China, Japan and other regional powers are aiming for a breakthrough on a free trade deal and an outline for handling territorial tensions at an annual summit that opened near Bangkok on Sunday.
Trade body: China can hit US with sanctions worth $3.6 bln
The World Trade Organization said Friday that China can impose tariffs on up to $3.6 billion worth of U.S. goods over the American government’s failure to abide by anti-dumping rules with regard to Chinese products.
South rejects US memo on Special & Differential Treatment
Geneva, Oct (D. Ravi Kanth) – More than 50 developing and least-developed countries on Wednesday (16 October) rejected the US Presidential Memorandum for bringing about differentiation/graduation among developing countries for availing of special and differential treatment (S&DT) in current and…
U.S. tariffs on EU aircraft subsidy dispute take effect
Washington, Oct. 18 (Xinhua/UNB) — Additional U.S. tariffs on a wide range of goods from the European Union (EU) after World Trade Organization (WTO) ruling on aircraft subsidies took effect on Friday, a move likely to fuel trade tensions between…
China appeals to Washington for quick end to trade war
Beijing, Oct 17 (AP/UNB) — China appealed to Washington for a quick end to their tariff war but gave no indication Thursday what more Beijing might want before it carries out what President Donald Trump says is a promise to…
‘Made in China’ shines in Nepal
Kathmandu, Oct. 13 (Xinhua/UNB) — Leading Chinese air conditioner supplier Gree have in recent years seen an amazing sales jump in Nepal, with local dealers reporting an annual increase of 30 percent.
Trade thru Himalayas benefits Nepal farmers, China herdsmen
The weeds, cornstalk and rice hulls that Nepali farmers once burned as waste can be exported to earn cash. The farmers had previously wondered how their waste can be exchanged for wealth, and later found an answer through cooperation across…
Reform WTO, resist protectionism: C’wealth trade ministers
London, 10 October 2019 – Trade ministers from across the Commonwealth today made a commitment to resist all forms of protectionism, and to work urgently together towards reforming the World Trade Organisation, which sets the global rules for international trade.
LPG export to Tripura from BD a game changer: India
Dhaka, Oct 9 (UNB) – India has termed the export of Liquefied Petroleum Gas (LPG) from Bangladesh to Tripura a ‘game changer’ with a potential to generate jobs and revenue for Bangladesh.
C’wealth model offers hope for easing multilateral trade tensions
By Patricia Scotland, Commonwealth Secretary-General 7 October 2019 – Global uncertainties and tensions are escalating and affecting trade in every region. We see rising protectionism, while multilateral cooperation – including through the World Trade Organisation – is increasingly under threat.…
BMW to recall defective vehicles in China
Beijing, Oct. 5 (Xinhua/UNB) — German auto brand BMW will recall 45 cars in the Chinese market due to problems in engine control modules, according to China’s market regulator.
C’wealth trade ministers’ meet in London amid global chaos
4 October 2019 – Trade ministers and senior officials from 53 Commonwealth countries will gather in London to explore strategies for deepening trade and investment, while supporting a transparent, inclusive, fair, and open rules-based global trading system.
Export-import through Benapole land port halted
Export-import activities between Bangladesh and India through the Benapole land port remained suspended since Wednesday morning.
EU trade chief nominee urges US not to launch new tariff war
Brussels, Oct 1 (AP/UNB) — The Irishman set to take over as the European Union’s top trade official on Monday urged the United States not to launch an economically damaging tariff war with the bloc over subsidies to Airbus and…
China to send its top trade negotiator to US for talks
China’s top trade negotiator will lead an upcoming 13th round of talks aimed at resolving a trade war with the United States, a senior Chinese official said Sunday.
First lot of hilsa being sent to India thru Benapole port
The first lot of 500 tonnes hilsa is being sent to India through Benapole land port on Saturday.
500 tonnes of hilsa export to India allowed
Dhaka, Sept 25 (UNB) – The government has allowed the export of highest 500 tonnes of hilsa to India on the occasion of Durga Puja, the biggest religious festival of the Hindu community.
IHS Markit launches first global index for carbon credits
Global Carbon Index combines proprietary information and futures markets data to produce the first benchmark for the global price of carbon London (September 25, 2019) – IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today…
Oil prices surge as attack on Saudi facility disrupts output
New York, Sept 16 – An attack on Saudi Arabia’s largest oil processing plant pushed crude prices sharply higher Monday, though its longer-term impact depends on how long production is disrupted and the attack’s future implications.
Jamdani fair attracts large numbers of visitors in New Delhi
Dhaka, Sept 13 (UNB) – A day-long fair of Bangladesh’s Jamdani, muslin and other handloom saris attracted a large crowd in Delhi on Thursday.
AIPH Expo Conference held on Monday in Beijing
Organisers of major international horticultural expos presented their latest plans and progress reports at the International Association of Horticultural Producers (AIPH) Expo Conference on Monday 9th September in Beijing.
Bangladesh seeks electricity import from neighbours: PM
Prime Minister Sheikh Hasina on Wednesday said Bangladesh is now in talks with its neighbouring countries to import electricity to meet its growing demand.
Export earnings fall by 11.49 percent in August
Dhaka, Sept 9 – Export earnings in the second month (August) of the current financial year 2019-20 fell by 11.49 per cent to $2.84 billion from $3.21 billion in the same month of the last fiscal, due to lower shipments…
Nations must have trade partners freely: Iran FM Javad Zarif
Dhaka, Sep 4 (UNB) – Iranian Foreign Minister Javad Zarif has urged countries including Bangladesh not to bow to what he termed ‘economic terrorism’ by the United States government, and encouraged them to avail a number of alternative trading mechanisms…
BD HC unhappy over monopoly in manpower export to Malaysia
Dhaka, Aug 21 – The High Court on Wednesday expressed dissatisfaction over slow progress of the inter-ministerial committee’s investigation over the allegations of monopoly practised by 10 recruiting agencies engaged in recruitment of Bangladeshi workers in Malaysia.
‘Rawhide market to become more vulnerable if dues not paid’
Dhaka, Aug 19 – The market of rawhide and skin will become more vulnerable if dues are not paid by the tanners within shortage possible period though the selling of salted rawhides started on Monday.