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Bangladesh has offered Uzbekistan to launch a direct Dhaka-Tashkent flight to strengthen bilateral relations between the two countries. Bangladesh has also requested Uzbekistan to set up its own embassy in Dhaka. The proposals were made when a four-member Bangladesh delegation led by Salman F Rahman, private industry and investment affairs advisers to the prime minister,…
Uzbekistan wants to take ‘IT enabled’ services from Bangladesh. On the other hand, Bangladesh wants to take part in the research and development of the country. To this end, the two countries have agreed to sign a memorandum of understanding. The two sides agreed during a meeting in Tashkent on Sunday with a delegation of…
The prospects to resume buying cotton from Uzbekistan have improved for Bangladesh after the United States lifted the ban on sourcing the key textile raw material from the country following significant progress in ending forced labour. Until 2007, when a boycott campaign was launched against Uzbek cotton, the central Asian country was the single largest…
Bangladeshi investors will get tax exemption and duty-free facilities if they invest in Uzbekistan, Sardor Umurzakov, deputy prime minister of Uzbekistan, said on Monday. Bangladeshi businesses will also get policy supports for joint ventures, Umurzakov added. Umurzakov offered the benefits to Bangladesh at a view exchange meeting between the leaders of FBCCI, the top business…
The Bangladesh Embassy in Tashkent, the capital of Uzbekistan, observed the 46th Martyrdom Anniversary and National Mourning Day of Father of the Nation Bangabandhu Sheikh Mujibur Rahman on 15 August with due solemnity and dignity. The embassy said in a statement on Sunday, Bangladesh’s ambassador to Uzbekistan. Jahangir Alam started the day by hoisting the…
The 72nd birth anniversary of Shaheed Sheikh Kamal, a valiant freedom fighter and the eldest son of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, was observed at different Bangladesh missions abroad. Bangladesh High Commission in New Delhi, the Deputy High Commission of Bangladesh, Mumbai, Bangladesh High Commission in Canberra, Australia, Bangladesh Embassy in Tashkent,…
The Uzbekistan government is set to take steps to open its embassy in Dhaka, according to a foreign ministry press release. Uzbek foreign minister Abdulaziz Kamilov asked officials of his ministry to start necessary steps for opening the embassy in Dhaka when foreign minister AK Abdul Momen met Uzbek president Shavkat Mirziyoyev in Tashkent on…
Bangladesh and Uzbekistan have discussed the prospects for expansion of multifaceted cooperation between the two countries. Foreign Minister Dr AK Abdul Momen had a meeting with Uzbekistan President Shavkat Mirziyoyev at the International Conference on ‘Central and South Asia: Regional Connectivity, Challenges and Opportunities’ in capital Tashkent on Friday. At the meeting, the two sides…
H.E. Mr. Ilkhom Khaidarov Utkurovich, Chairman (with status of a Cabinet Minister) of “Uztekstilprom”, Association of Enterprises of the Textiles of the Republic of Uzbekistan and also former Ambassador of Uzbekistan visited Bangladesh Embassy on 11 July 2021 at 17.00 in order to discuss important bilateral issue with Bangladesh Ambassador H.E. Mr. Md Zahangir Alam.…
Dear Readers, We present to your attention a special edition of Global Markets «Uzbekistan: Focus on Capital Markets and Sustainable Development. Download: https://uzbangla.com/gm-uzbekistan-report-2021_print/
H.E. Mr. Md Zahangir Alam, Bangladesh Ambassador had a meeting with Dr. Adkham Bekmurodov Sharipovich, Rector of the Academy of Public Administration under the President of Uzbekistan (former Deputy Foreign Minister) on 7 July 2021 at the Academy of Public Administration in Tashkent. Rector informed that Academy has 3 directions: Masters, PhD and training &…
The report of the US National Intelligence Council, Global Trends 2040, contrasts most strongly with the consolidated diverse peacekeeping initiatives in Afghanistan, broad efforts in this field by regional players (for example, Uzbekistan), and signs of a certain détente in Kashmir along the disputed India-Pakistan border. Both Afghanistan and Kashmir have long been a seething cauldron of…
The Uzbek economy has three key things going for it: it has growth; it has a young and growing population, and it has money. Over the last four years Uzbekistan has been a frenzy of reform activity after Uzbek President Shavkat Mirziyoyev opened up the country and began the long overdue process of modernising the economy. And…
The Ministry of Investments and Foreign Trade of the Republic of Uzbekistan is pleased to present the report on “The Cost of Doing Business in Uzbekistan 2021”, prepared by PricewaterhouseCoopers (PwC) with the support of the United States Agency for International Development (USAID) and in cooperation with the United Nations Development Program (UNDP). The report…
The foreign policy of Uzbekistan, which is aimed at rapprochement and strengthening good-neighborly, friendly and mutually beneficial relations with neighboring states, has created a solid foundation for the development of trade, economic and investment cooperation between the countries of Central Asia (CA). The CA countries cover a market area of 75.3 million people. In 2020,…
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Ambassador of Bangladesh to Uzbekistan requested Uzbek President to establish the Embassy of Uzbekistan in Dhaka and resume the direct passenger flights Dhaka-Tashkent-Dhaka route to enhance bilateral communication in the fields of tourism, education, sports and culture. The new Ambassador, Md Zahangir Alam, presented his credentials on Friday to the Uzbek President, Shavkat Mirziyoyev. He…
The Ministry of Employment and Labor Relations of Uzbekistan hosted a meeting with the Ambassador Extraordinary and Plenipotentiary of the People’s Republic of Bangladesh to the Republic of Uzbekistan Jahangir Alam. During the talks, the Minister of Employment and Labor Relations, Nozim Khusanov, provided the guest with detailed information about the reforms aimed at ensuring…
A high level meeting between leaders of knitwear sector under Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) and recently appointed Bangladesh Ambassador to Uzbekistan Mr Zahangir Alam was held at BKMEA Dhaka office on 17 September, 2020. The meeting was initiated and organized by Mr Mehdi Mahbub, Advisor to Uztextileprom (Uzbekistan Textile Association/ Ministry) and…
It is a great honor for me today, 1st September 2020, to deliver my warmest congratulations to the Uzbek people through Uzbangla with regards to the celebration of the 29th anniversary of the Independence of the Republic of Uzbekistan. Upon assuming power in 2016, President Shavkat Mirziyoyev began putting in place economic, financial and foreign…
On 16 August 2020, the Bangladesh Ambassador designated to Uzbekistan, Mr. Zahangir Alam held a meeting with the Advisor to Uztextileprom (Uzbekistan Textile Association/ Ministry) and President of Bangladesh RMG Centre, Mr. Mehdi Mahbub at Ministry of Foreign Affairs in Dhaka. They had threadbare discussions to identify collaboration scopes between Bangladesh and Uzbekistan. An incumbent…
Bangladesh has ranked 168th among 190 countries in the ranking of “Ease of the Doing Business 2020” by the World Bank. Last year, Bangladesh ranked 176th. One of the reasons for this improvement is that starting a new business has now become less expensive with the reduction of registration and name clearance fees. Yet, when you…
As the whole world collectively is trying to fight Covid-19, intense, devastating, and perhaps irreversible losses are being incurred by the small and medium business enterprises and by entrepreneurs who, for example, just got their products from the prototype stage before getting into the market. Now, as countries are competing for finding the vaccine that…
One fine morning Dipa, a millennial living in Dhaka, woke up to a clogged toilet. After getting the toilet fixed by requesting plumbing service through Sheba.xyz (online service market) Dipa rushed to work on a Pathao (ride-sharing platform) bike. She jump started the day by ordering a coffee on Hungrynaki (online food delivery company). Later…
Bangladesh’s financial sector will have to adopt new technologies and services in the post-Covid-19 period for the lenders to move their operations online and address the recent challenges faced by the industry, speakers said at a webinar yesterday. The coronavirus could be a boon for digital financial services (DFS) and although Bangladesh has already seen…
Bangladeshi entrepreneurs may be allowed to make equity investment aboard up to 25 per cent of their net annual income from exports, officials said. However, they will have to take prior permission from the government for the purpose, according to the draft ‘Capital Account Transactions (Overseas Equity Investment) Guidelines 2018’, prepared by the Bangladesh Bank.…
Mankind has witnessed many wars, crises and even pandemics but it has never ever faced anything of the kind and scale of the covid-19 pandemic. It has infected about 15 million people and killed more than 600,000 in the world including about 150,000 in the USA alone. This has brought the world economy to a…
It’s not possible to implement all objectives of the national budget, in keeping with all recommendations made by economists, businessmen and other stakeholders. Computing the budget in the light of targeting actual social problems and economic development goals is hardly possible either. Only through transparent management and strategy of the government can genuine efforts be…
As of July 1, the resident population of Uzbekistan stands at 34.19 million people, the State Statistics Committee said in a report. Of the total, 17.3 million people live in cities, and 16.89 million – in rural areas, the report added. In the end of the first half of 2019, there were 33.52 million people…
President of Uzbekistan Shavkat Mirziyoyev signed a decree “On Uzbekistan’s Development Strategy “. The document has approved Uzbekistan’s Five-Area Development Strategy for 2017-2021 which was developed following comprehensive study of topical issues, analysis of the current legislation, law enforcement practices, the best international practices, and following public discussion. The Decree has created a National Commission responsible…
As the major brands and retailers in the EU and US are reopening, work order inflow are on the rise in the local apparel factories, though on a limited scale. As per the factory owners, most of the factories are running with 80 percent capacity as work orders are coming gradually. However, the volume of…
For a long time, a major issue that has plagued international trade is that payments are received many weeks, and sometimes even months, after the delivery of the goods. Such delays inevitably lead to cash flow problems for exporters, especially the small and medium-sized enterprises (“SMEs“), and can be further worsened by non-payment by the…
Bangladesh is the 2nd largest Ready Made Garments (RMG) exporter in the world after China. About 83% of its export earnings are coming from RMG. Textile and Apparel sector’s, the lifeline of the economy, has contributed Tk 2, 513,471 million or 11.16% of Bangladesh GDP. About 20 million people are directly associated with the industry.…
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Bangladesh is full of natural beauty. Rivers, coasts and beaches, archaeological sites, religious places, hills, forests, waterfalls, tea gardens surround it. The Sundarban, Historic Mosque in city of Bagerhat, Ruins of the Buddihist Vihara at Paharpur are the three world heritage sites in Bangladesh among 1007. To observe the beauty of nature, huge amount of…
The textile and clothing industries provide the single source of growth in Bangladesh’s rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh’s total merchandise exports. In 1972, the World Bank approximated the gross…
Bangladesh is known across the world by its readymade garments (RMG). It’s like Hollywood signifies global movie industry, Nepal symbolizes the Himalayas, Egypt connotes the pyramids. Though these locations do have other landmarks, the countries are still overwhelmingly identified with such major attractions. Bangladesh and its RMG have now become synonymous. The country does have…
Uzbekistan is a country with potential for an expanded tourism industry. Many of its Central Asian cities were main points of trade on the Silk Road, linking Eastern and Western civilizations. Today the museums of Uzbekistan store over two million artifacts, evidence of the unique historical, cultural and spiritual life of the Central Asian peoples…
Food in Uzbekistan is a way of life. The way Uzbek people treat cooking is the subject of careful study. Even the most scrupulous researches will not help to identify trends, rules and even more laws. These are recipes on emotions with a lot of nuances and requirements for the dish. The Uzbeks are very…
Uzbekistan textile industry is considered to be one of the most dynamic and socially important sectors and ranks high among export-oriented industries of the country’s economy. The Uzbek textile industry is mainly focused on cotton, silk and wool. Currently, about 7,000 enterprises of the industry are operating in the republic. Capacity for production of cotton…
Uzbekistan is a country of Central Asia, located north of Turkmenistan and Afghanistan. With an area of 447,000 square kilometers (approximately the size of Spain or California), Uzbekistan stretches 1,425 km (885 mi) from west to east and 930 km (580 mi) from north to south. Bordering Turkmenistan to the southwest, Kazakhstan to the north,…
Uzbekistan Textile & Apparel Industry Uzbekistan, officially the Republic of Uzbekistan has an area of 447,400 square kilometers (172,700 square miles). It is the 56th-largest country (after Sweden). Bordering Turkmenistan to the southwest, Kazakhstan and the Aral Sea to the north, and Tajikistan and Kyrgyzstan to the south and east, Uzbekistan is not only one…