Bangladesh-Korea CEPA Signed: 97% Goods Get Preferential Market Access
Bangladesh and South Korea signed CEPA in Dhaka on August 4, 2026. 97% of Bangladeshi goods get preferential access to Korea. Exports were $421M in FY26, down 9% YoY.
Breaking news, industry insights, policy updates, and market intelligence on Bangladesh's export economy — RMG, pharmaceuticals, leather, jute, agriculture, and emerging sectors. Curated for trade professionals, exporters, buyers, and policymakers.
🤝 Trade & Commerce
Bangladesh and South Korea signed CEPA in Dhaka on August 4, 2026. 97% of Bangladeshi goods get preferential access to Korea. Exports were $421M in FY26, down 9% YoY.
🤝 Trade & Commerce
Md Fazlul Hoque appointed FBCCI administrator by Commerce Ministry. Former BKMEA President and Plummy Fashions MD. Must conduct free, fair election within 120 days. Replaces Md Abdur Rahim Khan effective June 27.
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Bangladesh signs Agreement on Reciprocal Trade with the US, securing 19% tariff rate but committing to $15B energy purchases, Boeing aircraft, and policy constraints on defence procurement.
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A CCH review reveals importers account for 80% of port clearance delays at Chattogram, with AEO green channel consignments taking 271 hours. Customs automation benefits are being limited by importer-side delays.
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Bangladesh and South Korea will sign a Comprehensive Economic Partnership Agreement (CEPA) in Dhaka on August 4, 2026, granting duty-free market access to most Bangladeshi products including garments, as the country secures its second full trade pact after the Japan EPA signed in February.
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The Bangladesh government will waive booth rent for small entrepreneurs at international trade fairs, announced Commerce Minister Khandakar Abdul Muktadir at a debriefing on the China-South Asia Expo and Kunming Import-Export Fair 2026 in Purbachal.
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Bangladesh's RMG sector, accounting for 84-85% of exports, faces declining competitiveness. Strategic priorities include product diversification, market expansion, technology adoption, and energy security.
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Despite signing a $3.7 billion aircraft purchase agreement and agreeing to buy higher-priced American wheat, Bangladesh now faces an additional 10% US tariff over alleged forced labor. Economists question what Bangladesh gained from trade concessions.
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Prime Bank has signed a partnership with Nissan to offer discounts on vehicle purchases for its clients, marking a new collaboration between banking and automotive sectors in Bangladesh.
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The Bangladesh government has set an ambitious $63.4 billion export target for FY2026-27, representing 15% growth over the previous year. Economists and industry leaders warn the goal may be difficult to achieve amid US tariffs, energy shortages, and sluggish global demand.
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Walton Hi-Tech Industries has signed a 3-year global distributorship agreement with Libya-based ASR Al Techniyah to export refrigerators, TVs, ACs, and washing machines to the North African market, marking another step in Walton's international expansion strategy.
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President Trump's latest tariffs of 10-12.5% on 60 countries over forced labor concerns mark just the beginning of a broader trade strategy. Bangladesh faces a 10% duty effective July 24, with more probes into excess capacity and IP theft on the horizon.