Tag Archives: Bangladesh RMG exports

Garment exports to the US grew 2.90 percent year-on-year to $1.87 billion in the first four months of the year as Bangladeshi manufacturers benefit from the Trump administration's abandonment of the Trans-Pacific Partnership.

Ready-made garments (RMG) manufacturers will have to pay a higher corporate tax as the government has proposed to raise the tax rate from 12 per cent to 15 per cent for the 2018-19 fiscal years.

Bangladesh Foreign Trade Institute has identified product and market concentration, lower productivity of workers and lack of mid-level professionals as major challenges for the readymade garment business in Bangladesh.

The government has decided to ease the condition for getting new market exploration assistance for the readymade garment exporters by allowing them to repatriate their export earnings from any country.

Country’s export earnings in the first half of the current financial year 2017-18 posted a moderate growth of 7.15 per cent to stand at $17.92 billion from $16.72 billion in the same period a year ago amid weakening of the taka against the US dollar.

The total trade volume between the two neighbours stood at $7.5 billion in 2016-17

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 RMG export to India grows, China falls Owing to the ...

The Bangladesh Economic Zones Authority and the Bangladesh Export Processing Zones Authority should merge with each other as both are carrying out same types of tasks, said an economist yesterday.

Bangladesh’s export earnings rose by 6.86% to $14.56 billion in the first five months of the current fiscal year, with the RMG sector being the largest contributor to this growth.

Export-oriented industries enjoyed tax exemption worth Tk 34,880 crore in import of raw materials in last fiscal year of 2016-2017 under the bonded warehouse benefit offered by the National Board of Revenue. The amount is more than 77 per cent of total customs duty of Tk 45,193 crore collected in the year.