Regional & International Economy

Bangladesh is one of the top five resilient economies in the world during the coronavirus pandemic, said Finance Minister AHM Mustafa Kamal yesterday.

Vacation Packages to historic pyramids to be announced soon

Bangladesh is gearing up to sign free trade agreements (FTAs) and amend labour laws to continue to avail duty benefits on merchandise export once it comes out of the least developed country (LDC) status, said Commerce Secretary Tapan Kanti Ghosh yesterday.

The dollar hit a one-week high against peers on Wednesday as US Treasury yields held near the upper end of their recent range and as the euro weakened a day ahead of a European Central Bank policy decision.

The prospects to resume buying cotton from Uzbekistan have improved for Bangladesh after the United States lifted the ban on sourcing the key textile raw material from the country following significant progress in ending forced labour.

Bangladesh should proactively engage with the World Trade Organisation (WTO) to redress any fallout from the emerging geopolitics-geoeconomics diarchies in aftermaths of pandemic and the country’s LDC graduation, policy researchers suggest.

Remittance continued to dip for the third consecutive month in August, with seemingly no respite in the coming days.

Dhaka has started the process to conduct a feasibility study on signing either a PTA or FTA with Singapore, aiming to further strengthen economic and trade ties with the Southeast Asian country, officials said.

The country’s remittance earnings from two western countries — the United States and the United Kingdom — have doubled in the last four years, a reflection of growing employment and migration of Bangladeshi nationals to these two countries.

Earnings from merchandise exports significantly rebounded in August by 14 per cent year-on- year to reach $3.38 billion, buoyed by garment shipments, particularly knitwear items.