Regional & International Economy

Experts at a webinar on Wednesday observed that long term, low cost and easy access to finance and adequate policy support including fiscal and non-fiscal incentives to the non-RMG potential export-oriented sectors, equal treatment, policy reforms, skill development are necessary to enhance their export diversification after LDC graduation.

The European economy is recovering better than previously expected, thanks to the roll-out of vaccination campaigns and effective containment measures, said European Commissioner for Economy Paolo Gentiloni.

Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. “We are basically running out of vessels and of empty containers,” Alan Murphy, head of the consultancy Sea Intelligence, told AFP. “

Bangladesh currently sends goods to Nepal and Bhutan under separate preferential trade agreements (PTA), using the South Asian Free Trade Area or special permission from India

Bangladesh’s export is facing unprecedented delays because of the deepening container crisis globally and squeezed capacity in vessels, fuelled by the rebounding demand in the Western economies.

Although the coronavirus has hit every country in the world, Bangladesh sent 2,17,491 workers overseas and received $ 22,836.98 million as remittance till May during the financial year of 2020-2021 (FY21).

Chinese rice scientist Yuan Longping greatly contributed to reducing hunger from China as well as from many parts of the world through inventing modern hybrid rice seeds, speakers at a webinar on Wednesday said.

The two governments have been discussing this plan since last year

Speakers at a virtual discussion on Wednesday put utmost importance on signing a comprehensive bilateral Free Trade Agreement (FTA) with China as it would have a positive impact on Bangladesh’s exports to Chinese market.

In July-April of FY21, the National Savings Directorate sold certificates worth Tk91,877.02 crore against its principal payments of Tk57,148.38 crore