More in Trade
Foreign vessel waiver certificate consent delayed
The High Court division has taken a significant step by granting a six-month stay order concerning the necessity of seeking consent from the Bangladesh Ocean Going Ship Owners’ Association (BOGSOA) for the issuance of waiver certificates to foreign-flagged container vessels under the Flag Vessel (Protection) Rule of 2023. Last week, the Bangladesh Container Shipping Association […]
BY Insider Desk
Export and import ratio to GDP declines
Despite 6.5% annual growth, Bangladesh’s exports and imports relative to GDP have declined over the past decade. The decline in trade ratios could hurt Bangladesh’s economic growth. The government could take steps to encourage exports, such as providing subsidies or tax breaks to exporters. Bangladesh could also try diversifying its export markets to reduce reliance […]
BY Insider Desk
Bangladesh’s potential $6 billion boost by prioritizing recycling
Bangladesh’s textile industry could tap into a lucrative annual revenue of at least $6 billion by prioritizing recycling. It will halt the cheap export of throwaway garment waste, assert visionary entrepreneurs. This call to action stems from the mounting possibilities inherent in these discarded materials. With the increasing recognition of the colossal environmental consequences of […]
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
Xinjiang’s Urumqi Land Port emerges as key communications and logistics hub in Asia
Once a deprived region, Xinjiang has undergone a remarkable transformation. It is now emerging as a major communications and logistics hub in Asia, thanks to the establishment of the Urumqi Land Port. Situated at the heart of the Silk Road, Urumqi, the province’s main city, shares borders with eight countries and has become a pivotal […]
BY Insider Desk