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.
Unused foreign aid rose over 12% in 8 months
Unused foreign assistance in the pipeline rose over 12 percent to $40.24 billion in the last eight months to February. During the period, disbursement from the lenders increased by 75 percent year-on-year to $3.42 billion, according to data from the Economic Relations Division (ERD). However, commitments from foreign sources decreased over 46 percent year-on-year to $7.91 billion while disbursement hit $3.09 billion.
India may extend anti-dumping duty on jute from Bangladesh
India may extend the anti-dumping duty to jute sacking clothes from Bangladesh as the commerce ministry has found imports of the product to avoid duties on jute bags from the neighbouring country. The commerce ministry’s investigation arm Directorate General of Anti-Dumping and Allied Duties (DGAD) has initiated a probe into circumvention of anti-dumping duties on jute sacking bags from the neighbouring country. The Indian Jute Mills Association (IJMA) has filed an application before the authority alleging that the duty on jute sacking bags is being circumvented by imports of jute sacking cloth, which is an unfinished and penultimate form of the bags, from Bangladesh.
China’s financing for Padma rail link project waiting approval
The hard-term loan committee today may approve a $2.6 billion financing for the Padma rail link project, paving the way for the signing of a deal with the Exim Bank of China next month. The committee is scheduled to hold a meeting with Finance Minister AMA Muhith in the chair at his office. A finance ministry official said the loan agreement was likely to be signed in Beijing in the middle of next month. A high profile team from Bangladesh may attend the signing ceremony.
