Latin America turning into major export market
Latin America is turning into a major export destination for Bangladesh riding on higher apparel shipments at competitive prices as part of the country’s efforts to diversify.
1 October 2023, 04:27 AM
A sudden surge in orders to test RMG, textile sectors’ capacity
Bangladesh might be the second-largest apparel supplier in the world, but its current installed capacity will not be adequate to meet demand if orders surge significantly as buyers shift away from countries such as China and Vietnam.
14 September 2023, 00:00 AM
Cotton waste the new cash cow
Cotton waste is turning into a new cash cow for Bangladesh as it is increasingly being sold abroad although local garment exporters are in favour of retaining and recycling it.
11 September 2023, 00:00 AM
Apparel shipment to US plunges 20% in Jan-Jul
Bangladesh’s apparel shipments to the US declined 19.82 percent year-on-year in the January-July period this year in spite of a gradual improvement in retail sales.
8 September 2023, 00:00 AM
Garment makers reducing reliance on imported fabrics
The import of woven fabrics declined by 25.97 percent in the first seven months of this calendar year, compared to the same period last year, as garment makers have brought down their reliance on imported products because of an increase in local production.
7 September 2023, 00:00 AM
Govt may sign MoU with Russia on food import
Bangladesh may sign a memorandum of understanding (MoU) with Russia soon to import some food items as those were offered at competitive prices, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
6 September 2023, 18:00 PM
Exports rise slightly in August
Earnings from merchandise shipments in August increased slightly by 3.80 percent to $4.78 billion, mainly riding on apparel exports as all the other major sectors staged a poor performance last month.
4 September 2023, 18:00 PM
Yarn prices go up on rising RMG orders for spring
Yarn prices have been increasing in the domestic market over the last two weeks as demand from garment exporters is rising amid a hike in work orders from international clothing retailers and brands thanks to easing inflation in the West.
4 September 2023, 00:24 AM
A boon to business and economy
A massive transformation is set to occur in the transportation of goods and passengers with the opening of the country's first elevated expressway in Dhaka. Economists and businesses have said that this mega-infrastructure project will significantly reduce both the time and cost of doing business.
1 September 2023, 18:00 PM
Apparel’s duty benefit in Canada to remain intact
Bangladesh’s garment exports to Canada may continue to enjoy duty-free trade benefits after the graduation of the country to a developing nation, said a top businessman.
27 August 2023, 23:00 PM
New GSP of UK: Bangladesh’s RMG export prospects brighten
Bangladesh’s garment export to the United Kingdom (UK) is expected to rise significantly as the British government will continue to offer duty-free benefits to developing nations even after they graduate from the least developed country (LDC) status.
27 August 2023, 00:00 AM
BRICS membership: Experts don’t see immediate benefits
Trade economists are being cautiously optimistic about the immediate benefits if Bangladesh is given membership of the BRICS bloc, which is a five-nation alliance comprising Brazil, Russia, India, China and South Africa.
24 August 2023, 00:00 AM
Apparel behemoths expanding into new sectors
Textile and garment behemoths in Bangladesh have started ploughing their surplus wealth into new sectors in order to tap the potential in an economy that is growing at a healthy clip and consumers’ purchasing power is rising.
22 August 2023, 00:00 AM
Bangladeshi jute, jute goods may face fresh Indian blow
Jute and jute goods exporters could come under more pressure in India as New Delhi plans to impose countervailing duty (CVD) on their shipment, at a time when they are already facing an anti-dumping duty (ADD) in the market.
21 August 2023, 00:00 AM
Investment dries up in dyeing sector as gas shortage lingers
Investment has dried up in Bangladesh’s dyeing sector, a vital cog in the textile and apparel supply chain, owing to the dragging gas shortage despite higher demand for fabrics from local garment exporters, industry people say.
20 August 2023, 00:00 AM
Christmas apparel shipment to be dull
Local garment exporters do not expect any substantial increase in shipments to the Western world centring upcoming Christmas sales because of high inflation and for old stocks remaining unsold in retail stores in the American and European markets, exporters said.
17 August 2023, 00:00 AM
Businesses for deferred implementation
Businesses have sought more time for the rationalisation of Bangladesh’s maiden tariff policy, reasoning that many industries still need more state protection to be ready to compete with their international peers.
15 August 2023, 18:00 PM
Govt frames maiden tariff policy
Bangladesh has formulated its maiden tariff policy to improve the competitiveness of local companies in the international market as they brace for an increased competition after the country becomes a developing nation in 2026.
15 August 2023, 00:00 AM
Digital fabrics development aiding exports
Bureau 555, a joint venture between two entrepreneurs of Bangladesh and the United Kingdom, has been facilitating garment exports through the country’s first digital fabrics development facility in Gulshan, Dhaka.
13 August 2023, 18:00 PM
Labour Rights: US trade body expresses concern
American Apparel and Footwear Association (AAFA), a US-based platform of apparel and footwear traders, expressed deep concern over the recent situation regarding labour rights in Bangladesh.
10 August 2023, 18:00 PM