CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed
Govt to slash source tax on RMG exports
The government is going to reduce the tax at source on garment exports following persistent demand by the industry leaders since the rate was raised, Financial Express reported.
Citing officials the report said the government has decided in principle to cut down the rate to 0.7 per cent from the 1.0 per cent levied in the new budget on the country’s main export product.
Building own apparel brand to help Bangladesh earn more
Bangladesh Apparel Exchange (BAE) – a private initiative to promote Bangladesh apparel industry – is going to organise a workshop on how to develop an apparel brand, Dhaka Tribune reported.
The day-long workshop titled “How to build your own apparel brand and directly address European and US Consumers” will be held on July 29 at Gardenia in Dhaka, the report added.
Bangladesh and Sri Lanka agreed to sign a Free Trade Agreement (FTA) by this year, aiming to further strengthen and institutionalise bilateral trade cooperation between the two nations, the Daily Star reported.
The decision to sign the FTA was finalised during the official bilateral talks between visiting Sri Lankan President Maithripala Sirisena and Prime Minister Sheikh Hasina at the Prime Minister’s Office, the report added.
