Trade manipulation
Bangladesh’s garment industry at risk?
Bangladesh’s ready-made garment industry has long been a key driving force of the country’s economy. Duty-free access to the European Union market has particularly helped the sector build a strong position in the global market. However, the recently announced free trade agreement between the EU and India has created major concerns for Bangladesh. Analysts and industry insiders believe that once the deal comes into effect, Bangladesh’s competitive position in the European market may face serious challenges.
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Debtors, money launderers must be speared
Bangladesh's foreign exchange reserves have been falling since quite a long time. One of reasons for this decline is trade manipulation. Money is being smuggled abroad through manipulative trading practices which is a matter of discussions everywhere. According to the Bangladesh Economic Association, a total of eight lakh crore taka have been smuggled abroad since the independence.
