139 news articles tagged with "Trade Policy"
Bangladesh ranks among countries with highest remittance costs in LDC group at 7-8%, UNCTAD report reveals, despite being top 10 global remittance receiver.
A BUILD study reveals that Bangladeshi businesses in some sectors need up to 31 licences, 235+ documents, and 650 days to start operations. The study proposes a Single Digital Business Identity Number and one-stop licensing platform to reduce compliance costs by 30-50%.
Bangladesh must continue preparing for LDC graduation even if the transition is deferred by a few years, CPD economist Mustafizur Rahman has warned. The UNGA is scheduled to decide on Bangladesh's deferral request in September 2026.
Bangladesh's export competitiveness faces mounting challenges as RMG dominance creates structural vulnerability. With exports falling 5% in 2025, the country must diversify into pharmaceuticals, electronics, and light engineering while modernizing ports and energy infrastructure.
Bangladesh's tea industry is under mounting financial strain with exports down 79% since 2002 and production costs up 78.31% over the past decade. A government taskforce has prescribed 59 recommendations across 8 priority areas including cheaper credit, tax cuts, debt restructuring, and replanting.
The Bangladesh government has increased the cash incentive for export-oriented factories using locally produced yarn from 1.5% to 5%, replacing bonded warehouse and duty drawback facilities. The Tk 35 billion move aims to curb yarn imports from India and revive the struggling textile sector.
Bangladesh has requested a deferral of its LDC graduation from 2026 to 2029, with a government report warning that an immediate exit could deepen economic challenges around market access and competitiveness.
The Export Promotion Bureau has proposed a $66 billion export target for FY2027, splitting it between $58 billion in goods and $8 billion in services, as Bangladesh pushes to diversify beyond readymade garments.
26,056 Sammilito Islami Bank customers withdrew Tk1,040cr in 3 days (7-9 Sept). 58,745 applied for Tk3,304cr total. 31.5% paid so far. Bank continues receiving fresh deposits of Tk141-195cr per day.
Bangladesh Parliament repealed Section 18A of Bank Resolution Act, which allowed former bank owners to buy back ownership at 7.5% upfront. No applications received since enactment. Finance Minister Khosru moved the amendment.
Brent crude breached $100/barrel as Strait of Hormuz oil flow estimates range wildly from 6M to 17M barrels/day. The uncertainty is creating a risk premium that directly affects Bangladesh's LNG and energy import costs.
UNCTAD report shows smaller firms in developing countries pay 20% of goods value in import requirements. SME interest rates in developing economies average 15.8% vs 6.3% developed. Strait of Hormuz disruptions worsening costs.