News in the Media

Bangladesh’s trade with BRICS registers modest growth, but deficit surges

Published in the Financial Express on 20, June 2017 Bangladesh’s trade with the BRICS (Brazil, Russia, India, China, and South Africa) increased modestly in the past year. Data generated from the International Trade Centre’s (ITC) Trade Map showed that bilateral trade with BRICS, an alliance of advanced developing countries, stood at $24.53 billion in 2016. The value of the bilateral ...

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SAARC intra-regional trade drops

Published in the Financial Express on 19, June 2017 Intra-regional trade of the South Asian Association for Regional Cooperation or SAARC dropped further in 2016, according to the latest statistics. It showed that SAARC intra-regional trade stood at $40.32 billion in the past year while the value was $45.81 billion in 2015. Data generated from the International Trade Centre’s Trade ...

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Swedish firms may invest in Bangladesh RMG sector

Published on Fibre2Fashion.com on 19, June 2017 Two Swedish firms, Investor AB and ABB Sweden have showed interest in making investment in Bangladesh readymade garment (RMG) sector. The investment will improve the economic conditions of both the countries, said Bangladesh prime minister Sheikh Hasina during her visit to Sweden. Bangladesh is the second largest apparel exporter in the world. Hasina ...

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Bangladesh sees decline in export to Australia

Export

Published in the Financial Express 14, June 2017 Merchandise export to Australia declined by 6.33 per cent in the 11 months of the current fiscal year (FY17). The value of export to Australia stood at $603 million in July-May period of the current fiscal year, according to the latest statistics of the Export Promotion Bureau. In the same period of FY16, ...

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Epz Labour Act: Draft to be placed in House soon

Published in the Daily Star on 15, June 2017 Bangladesh will soon place the draft law of the proposed Export-Processing Zones (EPZ) Labour Act, 2016, to the Parliament after a review in August to bring the necessary amendment as per the requirement of the ILO. Bangladesh submitted this commitment to the Conference Committee on the Application of Standards at the ...

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Govt submits to ILC time-bound action plan on labour rights

Published in the New Age on 13, June 2017 Moinul Haque The government has promised to produce the draft of the revised EPZ law before an International Labour Organisation committee by the end of November and that of the revised labour law by the end of December this year with necessary changes in the laws in line with the recommendations ...

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Moody’s: Bangladesh’s sovereign credit profile supported by strong garment exports

garment

Published on bdnews24.com on June 12, 2017 Bangladesh’s Ba3 stable sovereign credit profile is supported by the robust growth of an economy that is bolstered by garment exports, Moody’s Investors Service has said in a new report. However, weakening inflows of remittances from overseas-based workers could hurt consumption, according to the report. The garment industry makes up about 70 percent ...

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IMF identifies future risks for Bangladesh

Published in the Daily Star on 12, June 2017 Considering the fast approaching general election in Bangladesh and a likely post-Brexit economic slowdown in Europe, the International Monetary Fund has identified seven risk areas where Dhaka needs to take policy measures. Most importantly, political turmoil may return and security conditions could worsen, adversely affecting confidence, investment and growth, the IMF ...

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Bangladesh to stand for labour rights in ILC meet

ILO

Published in the Daily Star on 11, June 2017 Bangladesh will stand for implementation of the International Labour Organisation (ILO) convention and protection of labour rights before the ongoing 106th International Labour Conference (ILC) at Geneva in Switzerland. The position of Bangladesh over this issue will be discussed at the ILC on June 14 where Law Minister Anisul Huq will ...

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Indian Knitwear garment exporters keen to develop & market wool-based products

Published in the Financial Express on 11, June 2017 With huge potential for wool products globally, knitwear garment exporters from nearby Tirupur are keen on doing business in the sector, a senior official in Woolmark Company, producing Merino wool, has said. The company had conducted a workshop to educate manufacturers and exporters on the natural properties of the fiber and ...

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