all eyes are now on Europe and Japan among others as momentum grows for text-based negotiations on the temporary TRIPS waiver for combating the Covid-19 pandemic.
In ‘monumental’ decision, US shows support for TRIPS waiver
The Biden-Harris administration on 5 May brought about a seismic change in the ongoing discussions on a temporary waiver from certain provisions of the WTO’s TRIPS Agreement in combating the COVID-19 pandemic
Trade, connectivity hold bright future for Dhaka-Delhi ties
Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami has said trade will be potentially a key driver of Bangladesh-India friendship in the future.
TRIPS waiver proposal held hostage on ideological grounds
A handful of industrialized countries led by the European Union, Switzerland and the United Kingdom have held hostage on “ideological” grounds the proposal to suspend certain provisions of the WTO’s TRIPS Agreement to combat the pandemic, said people familiar with the development.
Vaccine equity event enabled frank discussions: WTO DG
the meeting WTO DG convened with four trade ministers, vaccine manufacturers, and other stakeholders on “COVID-19 and vaccine equity” enabled frank discussions
Perspectives sharply differ at WTO DG’s vaccine event
Pfizer and Moderna apparently ruled out any prospect of sharing their mRNA technology-based vaccines with the vaccine firms in developing countries on grounds that they are far too complex and require more than 100 raw materials.
CSOs challenge DG’s third way as USTR discusses TRIPS waiver
The temporary TRIPS waiver seeks to suspend the implementation of several provisions in the TRIPS Agreement relating to copyrights, industrial designs, patents, and protection of undisclosed information for ramping up global production of diagnostics, medicines and vaccines in order to fight the worsening COVID-19 pandemic.
Shop owners, workers’ demo protesting closure of markets
Shop owners and employees of New Market and adjacent shopping malls staged demonstrations for the second consecutive day on Monday protesting the closure of shopping malls
D-8 Summit on April 8; focus on trade, investment, Rohingya crisis
Dhaka, Mar 31: Bangladesh will host the 10th D-8 (Developing-8) Summit on April 8 virtually in the context of Covid-19 new normal scenario that will focus on trade, investment, mineral resources, tourism, ICT, climate and Rohingya issues.
Seven countries urge WTO DG to hold direct talks with Big Pharma
A group of seven countries – Australia, Canada, New Zealand, Norway, Turkey, Chile and Colombia has urged the WTO Director-General Ms Ngozi Okonjo-Iweala to conduct discussions directly with vaccine developers and manufacturers.
Dhaka for greater intra-OIC trade, contract farming
Dhaka, Mar 9 : State Minister for Foreign Affairs M Shahriar Alam has proposed increasing intra-Organisation of Islamic Cooperation (OIC) trade and initiating contract farming among OIC Member States in Africa.
The Case for 12-year transition period for graduating LDCs
The LDCs have upped the ante on their request at the WTO that LDC-specific support measures must be extended for a period of 12 years for those countries graduating from the LDC category
5,000 trucks waiting to enter Bangladesh through Benapole
Around 5,000 trucks loaded with goods are waiting to cross into Bangladesh at India’s Petrapole land port, on the other side of the Benapole border. While they have been stranded, trade between the two countries has been greatly affected.
Meghalaya Deputy CM for increased trade with Bangladesh
Deputy Chief Minister of Indian State Meghalaya Prestone Tynsong has appreciated Bangladesh’s leadership for achieving progress in various sectors and laid emphasis on further increasing bilateral trade for the betterment of the two people.
US lawmakers urge Biden to support TRIPS waiver move at WTO
A group of lawmakers from the Democratic Party want US President Joe Biden to support the TRIPS waiver proposal that seeks to temporarily suspend several provisions in the WTO’s TRIPS Agreement in combating the COVID-19 pandemic.
Resolve custom valuation issues of imported cars: BARVIDA
Dhaka, Feb 13 – The members of Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) called upon the authorities to resolve the custom valuation problems for both new and reconditioned cars, for the sake of the sector’s development.
False declaration: 40 tons of fabrics seized at Ctg port
Chittagong, Jan 14 — About 40 tonnes of fabrics imported under false declaration were seized at the Chattogram Port by the Customs House on Wednesday.
Rice import from India through Hili land port resumes
Hili (Dinajpur), Jan 10 – Trucks carrying 112 metric tonnes of rice from India entered into Bangladesh through the Hili land port on Saturday afternoon.
Bangladesh signs Preferential Trade Agreement with Bhutan
Bangladesh on Sunday signed its maiden Preferential Trade Agreement (PTA) with Bhutan to boost bilateral trade between the two countries.
‘Stop importing fish from India’: Jashore fish farmers
Fish farmers and importantly the Fisheries Department of Jashore district are calling for a ban on importing fish from India, at a time when the country’s fish imports from India have doubled through Benapole port.
হিলি দিয়ে ভারত থেকে আমদানি করা পেঁয়াজের অধিকাংশই পচা
রপ্তানি জটিলতার কারণে সীমান্তে লোড অবস্থায় থাকা পেঁয়াজগুলো হিলি স্থলবন্দর দিয়ে আমদানি করা হলেও অধিকাংশ পেঁয়াজই পচে নষ্ট হয়ে গেছে।
TikTok choses Oracle over Microsoft as US buyer
Washington, AP/UNB, Sept 14 – The owner of TikTok has chosen Oracle over Microsoft as its preferred buyer, according to a source familiar with the deal.
Bangladesh to provide 50,000 mt fertilizers to Nepal
Dhaka, Sep 1 – Prime Minister Sheikh Hasina on Tuesday said Bangladesh will provide 50,000 metric tonnes of fertilizers to Nepal for meeting its demand.
Bangladesh seeks UK’s GSP facility until 2030
Dhaka, Aug 29: Bangladesh has sought a post-Covid extension of the UK’s GSP facility to Bangladeshi products until 2030 to boost trade and also its greater support for a faster post-pandemic SDGs recovery.
Bangladesh invites more Swiss investment in SEZs
Foreign Minister Dr AK Abdul Momen has invited Swiss investors to set up manufacturing factories in the Special Economic Zones (SEZs) and invest more in Bangladesh.
Nakugaon reflects pandemic’s heavy toll on trade with India
Revenue for state coffers through Nakugaon, in the northern bordering district of Sherpur, has been badly hit by the COVID-19 pandemic, with international trading activities at the land port still only a fraction of levels witnessed till late March.
TikTok threatens legal action against Trump US ban
TikTok has threatened legal action against the United States after Donald Trump ordered the firms to stop doing business with the Chinese app within 45 days.
Trump bans US transactions with TikTok, WeChat
New York, AP/UNB, Aug 07 – President Donald Trump on Thursday issued an official order banning dealings with Chinese owners of TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from…
Trade activities at Sonamasjid land port resume
The export-import activities at Sonamasjid land port resumed on Wednesday after four days of suspension due to Eid-ul-Azha holiday.
Trump changes stance on Chinese App TikTok
Changing his earlier stance, President Trump gave the go-ahead on Monday for Microsoft to hold negotiations on a potential blockbuster deal to purchase the Chinese-owned video app’s operations in the U.S., The New York Times reported on early Tuesday.