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Tags : trade


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WTO chief reappointed as Trump threat looms

World Trade Organisation chief Ngozi Okonjo-Iweala was reappointed Friday for a second term, in the shadow of the coming return of Donald Trump and his disdain for international trade rules.

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Apparel exports to EU may decline by 20pc: study

Bangladesh’s readymade garment exports to the European Union could decline by 20 per cent due to the combined impact of EU-Vietnam free trade agreement, or EVFTA, and Bangladesh’s transition from a least developed country to a developing nation, according to a study...

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European stocks drop on Trump trade war worries

European stock markets mostly retreated Wednesday on concerns Europe could be the next tariffs target for US president-elect Donald Trump, who has announced a tough-negotiating hawk as his trade envoy...

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An opportunity to strengthen trade relations

EGYPT will host this year’s D-8 Summit (Developing-8) Organisation for Economic Cooperation, bringing together leaders from member states, namely Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey, targeting talks on boosting trade, investment, exports, and economic collaboration among each member. Meanwhile...

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US team expresses concerns over labour rights

The visiting United States’ delegation led by the special representative for international labour affairs at the US Department of State, Kelly M Fay Rodriguez, on Monday expressed concerns over unfair labour practices, complex trade union registration processes and legal actions against garment workers and labour leaders involved in labour movements...

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3-day Leathertech Bangladesh starts

Leathertech Bangladesh on Thursday inaugurated an international technology tradeshow ‘Leathertech Bangladesh 2024’ that focuses on leather, footwear machinery, shoe materials, chemical and accessories for footwear and leather-goods sector...

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China moves to boost foreign trade

China unveiled new measures on Thursday to boost foreign trade, as Beijing battles to turn around a slowing economy threatened further by the potentially hostile policies of incoming US president Donald Trump...

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Trade deficit narrows to $4.63 billion

The country’s trade deficit narrowed in the July-September period of FY 2024-25 compared with that in the same period of FY 2023-24.

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BTTC suggests waiving import duty on onions

The Bangladesh Trade and Tariff Commission has recommended the National Revenue Board to withdraw the existing 5 per cent customs duty on import of onions to reduce the price of the essential commodity on the local market...

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EPB develops new software for 29th DITF stall, pavilion

Export Promotion Bureau has developed new software to complete the online process of stall, pavilion and restaurant allocation of different categories for the 29th edition of Dhaka International Trade Fair, scheduled to begin at Bangladesh-China Friendship Exhibition Centre in Purbachal on January 1...

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BTTC suggests waiving import duty on rice

In response to a sharp fall in rice production caused by recent floods, the Bangladesh Trade and Tariff Commission has recommended removing the current import duty on rice to stabilise supply and prices on the local market...

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Trade suspension at Benapole port withdrawn

India-Bangladesh trade through Benapole land port has remained undisrupted as the Petrapole land port authorities cancelled the inaugural ceremony of a passenger terminal.

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WTO forecasts gradual trade recovery in 2024, 2025

Global goods trade is on course for modest growth throughout 2024 and 2025, despite risks emanating from the conflict in the Middle East, the World Trade Organisation forecast Thursday...

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Bangladesh interim chief seeks increased trade with Spain

Bangladesh’s chief adviser Professor Muhammad Yunus on Wednesday called upon Spain to increase its trade and investment in Bangladesh to support the country’s economic recovery after years of exploitation.

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USTDA awards grant for cold storage dev for food security

The United States Trade and Development Agency has awarded a feasibility study grant to establish a temperature-controlled logistics network to develop cold storage refrigeration warehouses in Bangladesh to reduce food losses and improve food security...

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AmCham submits reform proposals to finance adviser

The American Chamber of Commerce in Bangladesh put forward a set of recommendations, including trade facilitation, public sector modernisation and enhancing digital payment infrastructure to attract foreign direct investment and improve the ease of doing business in the country...

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DITF steering committee holds meeting

The 29th edition of the Dhaka International Trade Fair will start on January 1, 2025, and will be held at the Bangladesh-China Friendship Exhibition Center at Purbachal on the outskirts of the Dhaka city, according to a press release...