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
Bangladesh’s exports in the first 11 months of the current fiscal year stood at $31.79 billion, 4.68 percent lower than the target of $37 billion, the Daily Star reported citing data from Export Promotion Bureau (EPB).
The report said that compared to that of the same period in the last fiscal year, this year’s export posted 3.67 percent growth, second lowest in a decade.
Survey: 56.4% people think proposing national budget leads to price hike
A new survey states that more than half the people in the country believe that the price of essentials go up whenever a national budget is announced, news agency UNB reported.
The survey, conducted by Brac and the research firm Institute for Informatics and Development (IID), was released on Wednesday at Brac Centre in Dhaka.
The report said that the two NGOs interviewed 5,125 people across 64 districts to learn of their perspective about the impacts of budget announcement in their daily lives.
EU demands Bangladesh screen export goods for explosives
The European Union has slapped a new security screening requirement on imports from Bangladesh, a move that is likely to make it costlier for businesses in the South Asian country to sell products to EU nations, news wire service Associate Press reported.
The report said that just over half of Bangladeshi exports go to the European bloc, accounting for $18.68 billion in revenues during the last fiscal year and those shipments, by air or sea, will now have to be screened by bomb-detecting dogs and devices.
The AP report informed that Bangladesh has none of these facilities, so cargo will have to be routed through a third country where security screening is possible.
