Category: Bangladesh

Country Bangladesh
Profile: South Asian country known for its dense population and garment manufacturing industry.
Export-Import Data: Exports textiles, garments, and agricultural products. Imports machinery and raw materials.
Trading Partners: United States, European Union, China.
Future Opportunities: Diversification of exports, infrastructure development, and technology innovation.

Feb 16

Dhaka wants removal of tariff, non-tariff barriers to reduce trade deficit with Delhi

Bangladesh has expressed satisfaction with increasing trade with India and emphasised removing all tariff and non-tariff barriers to reduce the trade deficit. At the foreign office consultation (FOC) Wednesday, Bangladesh sought India’s cooperation in resolving the pending issues, especially, concluding water-sharing treaties, including Teesta. Bangladesh also emphasised maintaining a predictable flow of commodities from India for a stable market in Bangladesh. Foreign Secretary Masud Bin Momen and Foreign Secretary of India Vinay Mohan Kwatra led their respective delegations at the Read Full Details…

Feb 12

Green factories brighten image of apparel sector

Bangladesh’s apparel industry has witnessed numerous ups and downs ever since the deadly fire at the Tazreen Fashions factory in Ashulia and collapse of Rana Plaza in Savar about a decade ago. Following these two disasters, the industry underwent massive reforms while also being made to withstand the severe implications of Covid-19 and now the ongoing Russia-Ukraine war. Still, it has defied the prolonged global economic downturn as export earnings from the sector remain in the positive territory. The apparel Read Full Details…

Feb 05

‘Rice diplomacy’ between India, Bangladesh and Myanmar

Bangladesh has offered over $40 a tonne more to Indian co-operatives to import 2.5 lakh tonnes of parboiled rice in a government-to-government deal compared with prices quoted by the private trade in a global import tender. The import deal will be through NCCF (National Cooperative Consumers Federation) and Kendriya Bhandar in two tranches with Dhaka getting rice at $443 and $443.5 a tonne each, according to media report. Two Indian co-operatives will export 2 lakh tonnes of rice under government-to-government Read Full Details…

Jan 31

Mexico keen to expand trade with Bangladesh

Latin American country Mexico wants to expand trade relations with Bangladesh as both the countries have great potential in the automobile, pharmaceutical, chemical, and fintech sectors. Federico Salas Lotfe, ambassador of the Embassy of Mexico in New Delhi, India, made a courtesy call on Mostofa Azad Chowdhury Babu, senior vice president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Monday at Motijheel, Dhaka. During the meeting, the Mexican ambassador said, “Economic relations between Bangladesh and Mexico are Read Full Details…

Jan 20

Bangladesh retains 2nd place in RMG export to EU

Apparel shipments to the European Union (EU) grew 41.76 per cent year-on-year to hit $19.40 billion in the January-October period of 2022, according to data from Eurostat, the statistics department of the EU. With this, Bangladesh retained its position as the second largest garment supplier for the EU after China, which holds a 29.39 per cent share of the trade bloc’s total apparel imports from 27 countries. During the first 10 months of last year, the EU’s imports from China Read Full Details…