Export
Banglabandha land port to remain closed for three days
Import-export activities and passenger movement through Banglabandha land port in Panchagarh will remain suspended for three consecutive days due to the upcoming Lok Sabha elections in Jalpaiguri, Alipurduar, and Cooch Behar constituencies of West Bengal, India, on April 19.
1650 tonnes onions coming from India Friday
Bangladesh is going to import 50,000 tonnes of onions from India, despite the country’s ongoing ban on onion export. The first imported consignment of 1,650 tonnes of onions will enter Bangladesh from India on Friday (March 29).
India imposes indefinite ban on onion exports again
India, the world's largest onion exporter, once again has announced an indefinite ban on onion exports. Analysts believe that the authorities have taken such steps to keep the market situation normal in view of the upcoming elections in the country.
Selling TCB products through permanent shops is under consideration: Titu
To reduce the sufferings of card holders, TCB's products are being considered to be supplied to permanent stores, said State Minister for Commerce Ahsanul Islam Titu.
Irish Minister Simon Coveney arrives in Dhaka on Sunday
Irish Minister for Enterprise, Trade and Employment Simon Coveney is set to arrive in Dhaka on Sunday.
Our future lies in industry
Export is the most crucial pillar of our economic development. The trajectory of our economy is not actually set on the lines of India's development, but rather on a trajectory of perennial tradition. It’s manufacturing-centric. The countries that have developed, such as the United States, the United Kingdom, or the European Union, have primarily advanced by focusing on the manufacturing sector. Countries in East Asia such as Singapore, South Korea, Thailand, and Malaysia are referred to as the East Asian Miracle. These countries have also built their economies by emphasizing the manufacturing sector. Bangladesh has also been formulating development strategies by emphasizing the manufacturing sector.
Bangladesh needs to expand export markets beyond traditional routes
Another constraint on Bangladesh's export trade is its overreliance on a limited number of countries. Specifically, Bangladesh's export market has become heavily dependent on the United States and the European Union. However, there exist numerous other countries and regions to which Bangladesh could expand its exports with concerted effort. There are promising opportunities to export Bangladeshi products to Eastern European countries, as well as to Muslim-majority nations in the Middle East, and Russia, Japan, Malaysia, and Singapore. To tap into these markets, proactive initiatives are essential. Bangladeshi embassies situated abroad can play a pivotal role in identifying potential export markets. Encouragingly, there are signs of improvement in exports to new destinations, including Japan.
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