Tag: Press Release

28 news articles tagged with "Press Release"

RMG & Textile ★ Editor's Pick Jul 12, 2026

Bangladesh Retains 2nd Position as US Apparel Supplier as Vietnam Extends Lead

Bangladesh has maintained its position as the second-largest apparel exporter to the US market in the first five months of 2026, despite an 8.1% decline in exports to $3.25 billion. Vietnam solidified its top position with $6.39 billion, while China's exports dropped 42.75% as US buyers shift away.

Policy & Regulation ★ Editor's Pick Jul 24, 2026

US Slaps 10% Tariff on Bangladesh Garments Citing Forced Labour Concerns

The United States has imposed a 10 percent tariff on imports from Bangladesh effective July 24, 2026, citing insufficient action against forced labour in supply chains. The duty raises total US tariff on Bangladeshi garments to 25.62%, but Bangladesh retains a competitive edge over China, Vietnam, and Thailand who face the higher 12.5% rate.

Logistics & Shipping ★ Editor's Pick Jul 23, 2026

PM Tarique Pledges Better Energy Supply Within a Year, FSRU Decision Soon

Prime Minister Tarique Rahman has pledged improved energy supply within one year and a decision on a third FSRU within a month, responding to mounting pressure from exporters over gas shortages.

RMG & Textile ★ Editor's Pick Jul 22, 2026

BGMEA Leaders Meet PM Tarique Rahman to Tackle Gas, Port and Tax Issues

A BGMEA delegation led by President Mahmud Hasan Khan met Prime Minister Tarique Rahman to flag gas shortages, port congestion and NBR bottlenecks, securing promises of a high-level panel and a one-month call on a third FSRU.

RMG & Textile Jul 25, 2026

BGMEA and GRI Sign Strategic Partnership to Advance Sustainability Reporting in Bangladesh Apparel

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Global Reporting Initiative (GRI) have signed a Strategic Partnership Agreement to advance the Improving Transparency for Sustainable Business (ITSB) Initiative in Bangladesh's textile and apparel sector, formalising a collaboration that began in 2025.

RMG & Textile Jul 25, 2026

Bangladesh RMG Exports Face Extended Slump as Gulf War and Oil Shock Hit Buyer Demand

Bangladesh's garment exports are unlikely to recover in coming months as the Gulf war drives up energy costs, fuels inflation in Western markets, and leaves retailers with excess inventory. FY26 RMG earnings fell 1.64% to $38.70 billion, with exporters describing a 'perfect storm' of challenges.

Policy & Regulation Jul 25, 2026

Bangladesh Must Build Stronger Chemical Industry to Cut $6.2 Billion Import Bill, DCCI Urges

Bangladesh imported $6.2 billion worth of chemicals in FY25 (up 17.8%), with textiles, pharma, and leather heavily dependent on imports. DCCI seminar calls for developing a strong domestic chemical industry to reduce import dependence and improve export competitiveness.

$Syria's Textile Industry Eyes Comeback at Nas Tex 2026 as Factories Reopen and Investors Return$

Diplomacy & Trade Missions Jul 25, 2026

Syria's Textile Industry Eyes Comeback at Nas Tex 2026 as Factories Reopen and Investors Return

After more than a decade of war, Syria is rebuilding its textile industry. At Nas Tex 2026, 300+ companies from 20 countries explored investment opportunities. With 24,000 textile establishments (only 56.8% operating) and Chinese investment returning, Syria aims to reclaim its position as a major Middle East textile producer.

Investment & FDI Jul 25, 2026

Akij Aviation Launches Commercial Helicopter Charter Services in Bangladesh

Akij Group has entered Bangladesh's commercial helicopter market through Akij Aviation Limited, launching charter operations with three helicopters — a Bell 505 for medical evac and two Robinson R66 for passenger services. The move aims to offset operating costs while expanding medical transportation access.

Trade & Commerce Jul 25, 2026

Benapole Revenue Target Cut 6% as India Trade Slumps and Customs Fraud Cases Surge

The National Board of Revenue (NBR) has set a 6% lower revenue target for Benapole Customs House as trade with India falls. Imports dropped 6% to 12.05 lakh tonnes due to trade restrictions, bilateral tensions, and 130 detected customs fraud cases in 6 months.

Policy & Regulation Jul 24, 2026

Bangladesh Commerce Minister Says New US Tariffs Will Have No Fresh Impact

Commerce Minister Khandaker Abdul Muktadir said the latest US tariff measures on Bangladesh would not create any new impact, as the 10% tariff rate remains unchanged despite being introduced under a different legal name. He also confirmed no plan to increase fuel prices.

Investment & FDI Jul 15, 2026

Bangladesh Bank Eases Foreign Borrowing Rules for Foreign-Owned Companies

Bangladesh Bank has eased foreign borrowing regulations for fully foreign-owned companies, allowing them to more easily obtain loans from parent firms, affiliates, and shareholders. The move aims to attract more FDI by guaranteeing low-cost foreign financing for foreign-owned industrial enterprises.

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Government News 48 Trade Policy 42 RMG Export 37 Dhaka 36 Bangladesh Bank 31 Press Release 28 FDI 28 BGMEA 27 LDC Graduation 23 Investment 23 Market Diversification 20 Export Promotion 19 Bangladesh Economy 19 Foreign Direct Investment 18 Sustainability 18 Apparel Export 16 EU Market 14 US Market 13 Trade Mission 12 Technology Transfer 11

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