More in Export
Canada extends duty-free access to Bangladeshi market until 2034
The Canadian parliament has recently passed a finance bill that extends duty-free access to its market for Bangladesh until 2034. This decision, which comes as part of the General Preferential Tariff (GPT) scheme, has garnered praise for its potential to propel Bangladesh’s industrial transformation and strengthen its bilateral trade relations. The GPT scheme, introduced in […]
BY Insider Desk
India’s merchandise trade deficit narrows to $20.67 billion in July
In a recent release of data by the Indian government, the nation’s merchandise trade deficit for July has been revealed to stand at $20.67 billion. This information was deduced from an in-depth analysis of both export and import figures, and it marks a notable development in India’s economic landscape. As per expectations, economists had anticipated […]
BY Insider Desk
Bangladesh’s merchandise shipments witness double-digit growth of 15.26% in July 2023
Bangladesh’s merchandise shipments in July 2023 showed a significant rebound, recording a double-digit growth of 15.26%, reaching US$4.59 billion. The Export Promotion Bureau (EPB) released the data on Wednesday, surpassing the earnings from July 2022, which stood at US$3.98 billion. The earnings in July 2023 exceeded the target set for the fiscal year by 2.50%. […]
BY Insider Desk
Bangladesh Bank takes steps to bolster exporters amidst global crisis
The Bangladesh Bank has taken decisive action to support export-oriented companies in the face of the ongoing global economic crisis. In a recent circular, the central bank urged banks to align the interest rate of pre-shipment loans with the new reference lending rate, aiming to create a more market-based approach. By linking pre-shipment loan interest […]
BY Insider Desk
Bangladesh’s export to china hits three-year low amid missed duty benefits
Bangladesh’s export to China reached a three-year low of $677 million in the last fiscal year due to a failure to capitalize on duty benefits provided by Beijing. The Export Promotion Bureau (EPB) data revealed that if the earnings from the pandemic hit 2019-20 were excluded, the receipts for 2022-23 would be the lowest in […]
BY Insider Desk