19Oct

Interim govt moves to access RCEP

Summary: The current interim government of Bangladesh kick-started to join the Regional Comprehensive Economic Partnership (RCEP). The government is increasing its efforts to seek membership of RCEP despite the previous government's failure. An assessment by the Bangladesh Trade and Tariff Commission (BTTC) states that joining the...
14Sep

Bangladesh unlikely to reroute external trade through Indian ports.

Summary:  The government of Bangladesh will not encourage companies to reroute export-import commerce through Indian ports because no special facilities are provided and a local deep-sea port is on the horizon. Concerned authorities also made this choice because they believe Bangladesh may not be able to...
28Jul

The European Union signed the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration

Summary:  On July 2, 2024, at UN Headquarters in New York, the European Union signed the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration, also known as the "Mauritius Convention on Transparency". The European Union's signature on the Convention creates the opportunity for Member States...
23Jun

Foreign Investors Continue to Sell Shares

Summary: Due to the unfavorable economic forecast, frequent devaluations of the local currency relative to the US dollar, and unstable policy, net foreign portfolio investment in Bangladesh decreased during the July–March fiscal year 2023–2024. In 2020, foreign investors began selling their shares because they thought there...
22Jun

Supplementary Duty and Regulatory Duty on Nearly 300 Items May Go

Summary:  In the upcoming fiscal year, import duties on around 300 items might be combined in anticipation of Bangladesh becoming a middle-income nation, which requires tariff rationalization. Revenue Board officials have stated that the budget for the 2024–25 fiscal year will waive regulatory duties (RD) on...
22Jun

Bangladesh’s Trade with SAARC Countries Falls in FY23

Summary: Trade between Bangladesh and the South Asian Association for Regional Cooperation (SAARC) members is decreasing, both in terms of imports and exports. A Bangladesh Bank report released on 2nd June 2024 states that the SAARC members' total export revenue dropped by nearly 1%, from USD...
22Jun

Startups to go public soon as BSEC modernizing IPO rules

Summary:  Bangladeshi startups who were denied the chance to go public because their business strategy called for expansion before profitability will now be able to raise funds from the stock market according to modifications of the Public Issue Rules that the securities regulator is planning. However, even when...
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