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Tariff cut brings relief as offers worry: economists

The United States has decided to reduce the reciprocal tariff on imported goods from Bangladesh to 20 per cent from the previously announced 35 per cent following a series of negotiations over the past month.

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Tariff talks enter final day

The third round of the tariff talks between Bangladesh and the United States entered the third and final day on Thursday, with Dhaka trying to strike a deal in a last-ditch attempt to reduce ‘reciprocal’ tariff imposed by the Trump administration.

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South Africa sees big potential to boost trade with Bangladesh

South African high commissioner to Bangladesh Professor Anil Sooklal on Thursday called for boosting trade and strengthening people-to-people contact between Bangladesh and South Africa, noting that the bilateral relationship remained below its potential, particularly in the economic sphere...

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First export consignment sent to Europe from BSEZ

For the first time, Singer Bangladesh has commenced exports from its home appliance plant located in the Bangladesh Special Economic Zone, marking a significant milestone for the country’s economic zones...

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Tata Motors to buy Italy’s Iveco for $4.4b

Tata Motors of India will buy Italy’s Iveco Group for 3.8 billion euros ($4.4 billion) in a bid to create a ‘global champion’ in the commercial vehicles sector, the two companies said Wednesday...

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Govt keen to enhance export from 4 sectors

The government has formed a 16-member inter-ministerial committee, headed by the principal secretary to the Chief Adviser’s Office, for reviewing the possible measures for enhancing the export competitiveness of four sectors namely leather and leather goods, jute-made goods, agricultural and agri-processed goods and pharmaceuticals sectors...

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Trump imposes 25 per cent tariff on Indian imports

The US president, Donald Trump, said Wednesday that imports from India will face 25 per cent tariffs, while also announcing an unspecified ‘penalty’ for New Delhi’s purchases of Russian weapons and energy.

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China, US meet for 2nd day of trade talks

Chinese and US delegations met for their second day of trade negotiations in Stockholm, with both sides said to be aiming to extend a truce due to end in two weeks’ time...

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EU defends Trump trade deal in face of backlash

The European Union on Monday defended its trade deal with president Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a ‘capitulation’...