Transit facilty inagurates with India

Indian transit thru BD begins formally

Bangladesh and India are set to formally allow transit facility for trade and transportation, with provision of a third-country access. Goods in transit will be brought from Kolkata to Ashuganj through a river route and then from Ashuganj to Agartala, the capital of Tripura, on land route. It will be inaugurated with transshipment of a consignment to India's northeastern state. All charges are to be bourne by Indian traders, which was free previously.

Trade and facilitation

Exports accelerate to three-month high

Targeting to earn US$ 33.5 bn in the FY 2015-16, while already have earned US$ 31.2 bn in the last fiscal, Bangladesh’s export growth is on a 3-month high. In November, exports were US$2.75 bn. This was a 13.63% year-on-year growth, 16.7% higher than in October and unsurprisingly predominated by apparel.  The apparel sector has been shared the biggest portion of that amount, amounting to US$2.22 bn, which itself is up 23% from the preceding month and over 14% from last year. Despite this growth, businesses are cautious, not to take this growth for granted as recent buyer negotiations went through hiccups (cancelled Buyer’s Forum). Positive aspects are not afar, since depreciation will help the cause and hard work towards achieving better factory safety measures are continuously attempted.

Mascot for Business

Bantora Kun launched in capital to bolster Japan-Bangla trade, cultural ties

A different kind of positive step has been taken by Japan to brighten the image of Bangladesh in Japanese people’s perceptions. A bright yellow Royal Bengal Tiger mascot has been launched by the Japanese business community, to promote Bangladesh and trade relationship with Japan. Naming the mascot with their own style of language, but with some Bangladeshi touch, it is called “Bantora”: ‘Ban’ referring to us and ‘tora’ meaning tiger.

Export health of Bangladesh

Exports to Japan will hit $2b by 2018: Tofail

Today we look at export situation of Bangladesh with a few partner countries

Doubling exports to Japan in the last five years, it could be crossing US$2 bn in 3 years ahead. Japan, opting for independence from Chinese trade, have been looking to countries such as Bangladesh to supply their domestic retailers for whom they allow duty-free access. Export consists of products of apparel, shrimp, leather and jute. Naturally, RMG has highest share (71.3%) and rising. In FY 2014-15, exports to Japan rose 6% to US$915.2 m, while imports stood at US$1.51 bn. Relations can be more in