Geneva, 4 Mar (D. Ravi Kanth) — India, South Africa, China, and several other countries have spurned the controversial proposal from the United States to bring about differentiation for availing of special and differential treatment (S&DT) among developing countries in…
Tag: trade
Onion prices coming down at the pace it went up last year
Dhaka, March 01 – The way prices of onion had shot up at the good part of last year, the same way its prices now are getting cheaper since last week, according to the traders.
Onion prices coming down at land ports wholesaler markets
The prices of onion have started falling in wholesale markets in Hili land port after India decided to withdraw its ban to export the bulb to Bangladesh.
Dhaka’s kitchen markets see substantial fall in onion prices
Dhaka, March 01- The prices of onion have marked a substantial fall in Dhaka’s kitchen markets after India decided to lift the ban on its export after about six months. According to traders, the prices fell by as much as…
Trade with China to become normal within 3 days: FBCCI
President of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Sheikh Fazle Fahim on Saturday hoped that trade with China will become normal from Monday.
Companies in Hubei not to resume business before March 10
Companies should not resume business before March 10 in central China’s Hubei Province, the center of the novel coronavirus outbreak, local authorities said Thursday.
Nepal to use Saidpur Airport; greater trade expected
Bangladesh has agreed to allow Nepal to use its Saidpur Airport as part of strengthening trade and connectivity between the two countries.
Coronavirus outbreak: Much of world’s factories still shut
The longer than expected shutdowns of Chinese factories because of the coronavirus outbreak are having a big impact on the world’s second largest economy and the global supply chain.
Jessore florists in Bangladesh eye Tk 700m business
Flower farmers in Jashore’s Jhikargacha say they expect to sell flowers worth Tk 70-80 crore ahead of Pahela Falgun, Valentine’s Day and International Mother Language Day this month.
US-China ‘Phase One’ trade agreement triggers concerns
By D Ravi Kanth (Geneva) The “historic” and “transformative” trade agreement signed by the United States and China on 15 January 2020 could set a new normal in global trade relations by paving the way for a bilateral dispute resolution…
China-US trade deal to reduce global uncertainty, IMF chief
Washington, Xinhua/UNB, Jan 18 – The newly signed China-U.S. phase-one trade deal will reduce the uncertainty that has impeded global economic growth, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Friday.
New sanctions on Iran after base strike
President Donald Trump says the U.S. will immediately impose new sanctions on Iran in response to its missile attacks on military bases in Iraq that house American troops.
China-ASEAN FTA gears up for next golden decade
The China-ASEAN Free Trade Area marks its 10th anniversary. As a most populous FTA, it has boosted regional economic connectivity as multilateral trade triumphs. Dongxing, a border city in southern China, offers a snapshot of promising cooperation between China and…
Oil price jumps on fear of Iranian retaliation against US
The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions after the United States killed Iran’s top general.
China’s soybean imports rise after US trade deal
China’s imports of soybeans surged in November following the announcement of an interim trade deal with the United States.
Govt-run TCB to sell onion at Tk 35 per kg from Monday
Dhaka, Dec 22 – State-owned Trading Corporation of Bangladesh (TCB) will sell onion at Tk 35 per kilogramme from Monday.
How US-China trade deal achieved a little but left out a lot
Washington, (AP/UNB) December 14, 2019 – The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork…
Pol parties, rights, trade bodies against power tariff hike
Public hearing on hike proposals begins Dhaka, Nov 28 – Bangladesh Energy Regulatory Commission (BERC) on Thursday started its 4-day public hearing on proposals for raising both bulk and retail electricity tariffs amid opposition by political parties, trade bodies and…
UN adopts resolution on natural fibres including jute
Bangladesh’s resolution entitled “Natural Plant Fibres and Sustainable Development” has been adopted by consensus in the plenary of the second committee of the 74th session of the UNGA. The resolution was tabled in September 2019 in this committee and adopted…
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.
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.
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…
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.