Bangladesh bagged $5.72 billion through exports in January. the first month of the calendar year 2024. fetching an 11.45% year-on-year (YoY) growth, according to recent data published by the Export Promotion Bureau (EPB). During the same period last year, the country earned $5.13 billion from export earnings. The export returned positive
Tag: Exports
RMG exports in Sept witness 14.46pc growth
n for all. Country's RMG exports witnessed a healthy growth of 14.46 percent in September this year totaling $3.61 billion up from $3.16 billion registered in the same month last year. According to the latest statistics of the Export Promotion Bureau (EPB), Bangladesh's apparel export earnings reached $11.61 billion during this
Import LC openings fall $14b in Jul-Feb’FY23
Opening letters of credit (LCs) for imports fell by around $14 billion, or 23.45% year-on-year in the first eight months of the current FY23 due to the central bank's restrictions as well as a decrease in export orders. Bangladesh Bank data showed that LCs worth $45.52 billion were opened during the
Long-term policy must for boosting exports after graduation from LDC : PM
Prime Minister Sheikh Hasina on Monday put emphasis on formulating a new long-term export policy considering country's graduation to developing country from LDC after 2026. "We will get some opportunities after we will graduate to a developing country from the LDC in 2026. We need to plan now how we will
TICFA Meeting: Bangladesh seeks zero tariff on apparel exports to US
Bangladesh has proposed zero tariff on finished apparel products - made with American cotton - being exported to the US. Bangladesh made the proposal at the 6th meeting of the US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) held in Washington DC on December 6. Compared to other countries, Bangladesh
Bangladesh surpasses Vietnam in global RMG exports
Bangladesh bagged the second position again in the global apparel export market in 2021 after it was pushed back in third position by Vietnam in 2020. World Trade Statistical Review 2022, released by the World Trade Organization (WTO) on Wednesday, showed that Vietnam's share in global ready-made garment (RMG) exports
PM calls for raising farm products to boost exports
Prime Minister Sheikh Hasina on Wednesday called for boosting the country's farm products to help diversify the export basket and earn more in foreign exchange. "I think agricultural products can play a vital role in diversifying export basket. We must not be dependent on one or two export items only," she
India offers free export transit to Bangladesh
India has offered free transit via its territory to Bangladesh for exporting its products to third countries through specified land customs stations, airports and seaports. In this regard, the Indian side invited Bangladesh business community for using its port infrastructure for transshipment to third countries. The Indian side informed it during delegation
BAIRA observes National Mourning Day
Bangladesh Association of International Recruiting Agencies (BAIRA), the sole organization of manpower exporters, has organized a ceremony on the occasion of the martyrdom anniversary of the greatest Bengali of the thousand years, a press release Tuesday. The great architect of freedom, Father of the Nation Bangabandhu Sheikh Mujibur Rahman and
Govt sets export target of $67b for FY23
The government has set an ambitious export target of $67 billion for goods and services for the current fiscal year. This target, announced by Commerce Minister Tipu Munshi on Wednesday, shows an over 10 percent growth despite the volatility in the global economy owing to the Russia-Ukraine war. The Minister pegged Bangladesh's