LC opening for imports edges up
The opening of letters of credit (LCs) for imports increased slightly in the fiscal year 2024鈥�25, suggesting a modest recovery in trade activity following months of political unrest and economic uncertainty...
Tags : import
2.2 lakh tonnes wheat import from US okayed聽
The interim government on Wednesday decided to procure 2.20 lakh tonnes of wheat from the United States at Tk 817.57 crore in a bid to avert a high US tariff on Bangladeshi goods...
Is it ending?
IT IS hard to decide what is more surreal: that the United States is threatening 50 per cent tariffs on Brazilian imports in the name of 鈥榬eciprocity鈥� or that global markets, once jittery at the mere whisper of Trumpian trade tantrums, are now brushing off these ultimatums with a shrug and record-breaking rallies...
MoU signed for US wheat import amid tariff threats
Bangladesh on Sunday signed a memorandum of understanding with the United States to import 7 lakh tonnes of wheat annually for the next five years amid the threat of facing 35 per cent US tariff on its exports from the next month...
Green chilli import through Hili begins
Import of green chilli from India has started again after eight months through the Hili Land Port in the district...
Global trade grew by $300b in H1 of 2025: UN
Global trade grew by around $300 billion in the first half of the year due to US imports and EU exports, the United Nations said on Tuesday...
Asia number one target of Trump鈥檚 tariff letters
Donald Trump sent letters to 14 countries, mainly in Asia, informing them that higher import tariffs will kick in on August 1 unless they reach a deal with the United States...
BADC renews fertiliser import agreement with Morocco
Bangladesh Agricultural Development Corporation under the supervision of the Ministry of Agriculture renewed the fertiliser import agreement with the OCP Nutri Groups in Casablanca, Morocco on Wednesday...
Govt to make record $2.02b ACU payment
Bangladesh is set to make its highest Asian Clearing Union (ACU) import payment in three years, with around $2.02 billion due for imports made during May and June...
Online submission of document for export, import made mandatory
The National Board of Revenue has made mandatory the online submission of certificates, licenses, and permits issued by 19 agencies under the NBR Single Window System for customs clearance of import and export consignments...
Benapole port resumes operations as NBR shutdown ends
Export-import operations and cargo handling at the country鈥檚 largest land port, Benapole Land Port, resumed in full swing from Monday morning after the NBR Reform Unity Council withdrew its shutdown programme.
Govt to import refined oils for July-Dec for Tk 10,006 crore
The advisory council commitee on government purchase in a meeting on Wednesday approved procurement of refined petroleum fuel oil from six countries at a cost of Tk聽10,006.63 crore...
Govt reduces duties on petroleum, solar power equipment imports
The National Board of Revenue has declared a set of reforms and adjustments in the national budget for the financial year 2025-26, with some significant changes in income tax, VAT, and customs duties...
Plastic exporters for 1pc duty on machinery imports
The plastic goods manufacturers and exporters of the country demanded a reduction in import duty to 1 per cent in the proposed budget for importing machinery, parts, and raw materials...
1pc customs duty set on raw materials import for e-bikes
The government has taken a step in the green technology-based transportation, electric vehicle and lithium battery industry in Bangladesh...
DCCI urges ports to remain open in Eid vacation
Dhaka Chamber of Commerce and Industry president Taskeen Ahmed on Wednesday urged all the ports of the country to keep their export-import activities normal during the long vacation on the occasion of Eid-ul-Azha and other festivals...
Bangladesh urges Lanka to boost medicine import
Foreign affairs adviser Md Touhid Hossain on Tuesday called upon Sri Lanka to increase its import of pharmaceutical products from Bangladesh, highlighting the strength, global standards, and competitiveness of the country鈥檚 pharmaceutical sector...
LC opening for imports rises
The opening of letters of credit (LC) for imports increased in the first 10 months of the 2024鈥�25 fiscal year, displaying a gradual recovery in business activity after months of political turmoil...
Trump to double steel, aluminum tariffs to 50pc
US president Donald Trump said Friday that he would double steel and aluminum import tariffs to 50 per cent from next week, the latest salvo in his trade wars aimed at protecting domestic industries...
China to collaborate in textile sector
The Chinese Enterprises Association in Bangladesh (CEAB) and the China Chamber of Commerce for Import and Export of Textiles signed a memorandum of understanding aimed at enhancing bilateral cooperation in the textile and apparel sector...
Excessive dependence on LNG import is no solution
AN ACUTE gas crisis has severely affected industries and households in Dhaka and elsewhere. The supply of gas plummeted on May 29 after imported liquefied natural gas unloading had been suspended because of inclement weather. The power sector on May 27 received 941.3mmcfd of gas against the demand for 2420.9mmcfd while the fertiliser sector received...
Re-assessing export-import policies stressed
Speakers at a seminar on Saturday said that export-import policy reform is key to resilience and long-term competitiveness while re-assessing such policies is necessary to meet the challenges of post-LDC period...
Sonali Bank to receive fees of fisheries dept
Sonali Bank PLC signed an agreement with Department of Fisheries to collect export-import related charges and fees through the Sonali Payment Gateway...
Bangladesh to stay as top cotton importer in 2025-26
Bangladesh, the second largest exporter of readymade garment items, is poised to remain the world鈥檚 largest raw cotton importer in the marketing year 2025-26, said the US Department of Agriculture...
Bangladesh exporters worried over India鈥檚 import restrictions thru land ports
Bangladeshi exporters and an economist expressed worries over the imposition of import restrictions by India on a number of Bangladeshi goods, including readymade garments, fruit and fruit-flavoured carbonated drinks, processed food items, cotton and cotton yarn waste, some plastic and PVC finished goods, and wooden furniture, through land ports...
China, EU suspend Brazil chicken imports over bird flu
China and the European Union have suspended imports of chicken meat from Brazil, the world鈥檚 biggest exporter of the commodity, after an outbreak of bird flu on a farm in the South American country, officials said Friday...
Businesses offer Tk聽550cr for LNG import: Hatem
Bangladesh Knitwear Manufacturers and Exporters Association president Mohammad Hatem said that the industrialist have proposed the government to provide Tk聽550 crore to import liquefied natural gas to address the ongoing gas issues in the country鈥檚 garment and textile sector...
LC opening goes up
The opening of letters of credit (LCs) for imports rose in the first nine months of the 2024鈥�25 fiscal year, displaying a gradual recovery in business activity after months of political turmoil...
NBR wants to ease business process for compliant taxpayers
The National Board of Revenue (NBR) is contemplating the introduction of a more simplified process for compliant import duty and tax payers to import the goods they need, helping them to do business more easily...
BB allows payment against discrepant import bills
The Bangladesh Bank on Sunday allowed banks to make payments against discrepant import bills if the importer accepts the discrepancies on reasonable grounds...