Former speaker of Indian parliament Purno A Sangma said he would arrange a tour for Bangladesh Prime Minister Sheikh Hasina to the north-eastern state of Meghalaya during her official visit to India next month. Sangma, a senior leader of Nationalist Congress Party (NCP), believes that her visit to the north-eastern state would help boost trade between the two countries.
The bilateral trade between Bangladesh and Turkey targeted to be doubled soon with direct air and sea links and inter- bank transaction between the two countries under a protocol signed on Thursday. The two countries have agreed to boost mutual economic cooperation to raise bilateral trade to one billion US dollars from present 500 million US dollar.
At the forthcoming WTO summit in Geneva, Bangladesh would seek the working out of a clear list of exports from LDCs to be eligible for duty free and quota free access to the developed countries with 2010.
Country's 10 commercial wings and 28 diplomatic missions have failed to achieve export target during the July-September quarter of the current fiscal year, Export Promotion Bureau (EPB) sources said.
German sport-goods giant Adidas has under taken a project to produce low-cost trainers for poor buyers, a London-based newspaper reported on Tuesday. Quoting an Adidas spokesman, the newspaper stated that the project was undertaken after being convinced by the noble laureate and founder of Grameen Bank, Mohammad Yunus.
The government is likely to announce an additional recession package of Tk 2,000 crore within this month to promote different sectors suffering from the global meltdown. Finance ministry sources say they are considering allocating the money to the new areas like product diversification, ship building, frozen food and apparel sector.
Malaysia is keen to invest in Bangladesh’s petroleum, ship building and energy sectors to the mutual benefits of two economies. Malaysian High Commissioner to Bangladesh Jamaluddin Bin Sbeh said this while taking part in the views sharing meeting with the leaders of Chittagong Chamber of Commerce and Industry (CCCI) here today.
Asian Development Board (ADB) yesterday decided to provide US$ 57.5 million for development of tourism infrastructure in three South Asian countries-Bangladesh, Nepal and India. According to an ADB press release issued from its Manila Headquarters, the bank's Board of Directors approved a total of $57.5 million in grants and loans for the South Asia Tourism Infrastructure Development Project.
Dhaka plans to raise its concerns at the WTO meet against giving any special facility to developing countries that could erode Bangladesh’s trade preferences amid declines in export shipments, trade diplomats hinted. The country’s old demand for duty-free, quota-free access to developed markets will be reiterated at the Geneva meeting of the World Trade Organisation, given the twin challenges of global financial crisis and climate change effects.
US Ambassador James F Moriarty on Monday said it was important for Bangladesh to sign the Trade and Investment Framework Agreement, Tifa, with the US for greater access to its markets. "One step that we can take to foster greater dialogue on entrepreneurship, market access and labour issues would be to sign a Tifa," Moriarty said at a discussion at the Metropolitan Chamber of Commerce and Industry, MCCI.
