According to the latest statistics of the World Trade Organization (WTO), Bangladesh’s global clothing export market share has increased to 6.80 percent in the last year which was 6.40 percent in 2018. At the same time, Vietnam’s clothing export share has remained unchanged at 6.20 percent, however, the country has registered an annual growth of…
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Commerce ministry is set to establish four specialised technology centres (TCs) in economic zones (EZs) with an eye to boosting export earnings through adopting new technologies. Under a project, it will establish three state-of-the-art TCs at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and a specialised design and technology centre at Bangabandhu Hi-Tech City in…
Embassy of Uzbekistan in India organized negotiations between the leadership of Uzbekistan Textile Industry Association and a number of Bangladesh associations in the textile industry, via videoconference. The event was attended by the Advisor to the Chairman of Uzbekistan Textile Industry Association on reforming the textile industry M. Mahbub and heads of leading textile companies…
In the period from January to June 2020, the total volume of utilized foreign investment made up US$4.8 billion, including foreign direct investment – US$3.2 billion and foreign loans under a state guarantee – US$1.6 billion. At the same time, the volume of development of foreign direct investment in fixed assets reached US$2.6 billion with…
Bangladesh Bank has relaxed its policy for the foreign owned and controlled companies, which are operating in the country, allowing banks and non-bank financial institutions (NBFIs) to issue credit to the entities in local currency against foreign guarantees. “Given the ongoing situation due to the Covid-19 pandemic, it has been decided that banks and NBFIs…