2nd Dec 2016

December 2, 2016

Some news highlights relevant to RMG sector:

• UNESCAP Report: According to the latest UNESCAP Report, unveiled on Wednesday in Bangkok, between 2010 and 2015 Bangladesh’s export has grown 15 per cent in comparison to the average export growth of 7.5 per cent in the Asia-Pacific region. The major exports of Bangladesh were from textile and garment sector amounting to 72.2 per cent of total export. On the other hand, the largest imports to Bangladesh were petroleum oils and fabrics.
• FBCCI’s View: Manzur Ahmed, a trade policy adviser to FBCCI recommended that policymakers to seriously consider “striking a bilateral free trade agreement (BFTA) with US”. Read more
• US Dollar More Expensive: According to Bangladesh Foreign Exchange Dealers’ Association, the selling rate of taka is now 79.98 against US dollar, most expensive in nearly a year.