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US doesn’t give duty and quota free access: Muhith  

Finance Minister Abul Maal Abdul Muhith said the United States does not give Bangladesh duty and quota free market access though many countries are providing such facilities. “The United States is the single largest market for Bangladesh readymade garments and we pay the highest duty on RMG and it is US$ 800 million for the export of US$ 3.5 billion worth products . . . it is an unusual issue. . . the richest country in the world is extracting this kind of money from the poorest country,” said he. MuhithMuhith made the remarks at a press briefi...

Uzbekistan seeks Bangladeshi investment in textile sector    

The Government of Uzbekistan has invited Bangladeshi entrepreneurs to invest in the textile sector in Uzbekistan. During a meeting with Bangladesh Prime Minister Sheikh Hasina in Dhaka, the visiting Uzbek Minister for Foreign Economic Relations and Trade & Investment Elyor Majidovic Ganiev said the significant growth of textile and apparel industry in Bangladesh is an example which Uzbekistan could learn from Bangladesh. uzbek, bdMr. Ganiev said infrastructure is very cheap in Uzbekistan and urged Bangladeshi entrepreneurs to invest in the textil...

ILO unhappy over slow progress in compensating Rana Plaza victims

A top official of the International Labour Organization (ILO) on Thursday expressed displeasure over the slow progress in compensating the Rana Plaza victims saying it will be a ‘shame’ for all the stakeholders. “It’s very hard…very difficult to speak here today and say that the victims still can’t be compensated adequately,” said visiting ILO Deputy Director General for Field Operations and Partnerships Gilbert Fossoun Houngbo. ranaplazaHe was speaking at a function, titled ‘One Year after Rana Plaza: Progress and the way Forward’, at Ru...

Fashion Revolution Day commemorates Rana Plaza    

Events for Fashion Revolution Day, including documentary screenings, sustainable fashion shows, debates and pop-up ethical fashion stores, will be held worldwide tomorrow, marking the one year anniversary of the Rana Plaza building collapse in Bangladesh, which killed more than 1100 people, mostly garment workers. Set to be held annually on 24 April, the first Fashion Revolution Day will have the theme of ‘Who Made Your Clothes?’ and participants at events across the world are encouraged to wear their clothes inside-out and share images of them doing so on social media, aiming to initiate conversations about where and who by clothing is manufactured.

Export to US sees 7.26pc growth in July-Feb of FY 14  

Export earnings from the USA, the largest export destination for Bangladesh goods, witnessed a 7.26 percent growth during the first eight months (July-February) of the current fiscal (2013-14), mostly due to good performance of the RMG sector. Bangladesh exports to USA totalled $ 3,723.49 million in the first eight months (July-Feb) of fiscal 2013-14 compared to $ 3,471.48 million during the corresponding period of the previous fiscal (2012-13). The amount represents 18.78 percent of the country’s total export earning during the period, UNB reports. According to the statistics compiled recently by the Export Promotion Bureau (EPB), RMG export, including knitwear, to the US amounted to $ 3,428.37 million during the July-February period of the current fiscal compared to $ 3,186.03 m...

India, Bangladesh need cooperation in rice seed trade

Enhanced cooperation between India and Bangladesh on trade in rice seeds would help farmers of both the sides increase the yield of the commodity, a study by think-tank CUTS International has said. At present, farmers of both the sides are using smuggled seeds which are not of good quality, it said. pariza rice panicleRice growing areas in Bangladesh and India, “where farmers make widespread use of smuggled seeds”, can immensely gain from cooperation between the two countries, the Consumer Unity & Trust Society (CUT...
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