14Sep
14Sep
Bangladesh garment industry short on cotton as floods worsen protest backlog
Summary: One of the largest centers of the world's apparel industry, Bangladesh, is experiencing a backlog in orders due to recent political unrest, making it more difficult for garment manufacturers there to fulfill orders on time due to floods that interrupts their cotton supplies. Context: Bangladesh exported $38.4...
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...
13Jul
Reappointment as Delegate to the ICC Commission on Arbitration & ADR (2024-27)
Note from our esteemed Head of Chambers: I am thrilled to announce that I have been re-appointed for a second time as a delegate to the ICC Commission on Arbitration and ADR for the 2024-2027 mandate by ICC BANGLADESH. This prestigious role within
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...
01Jun
China filed a Complaint at the World Trade Organization over the U.S.’s Inflation Reduction Act, saying it was discriminatory and distorted fair competition.
Summary: China complained against the U.S. Inflation Reduction Act to the World Trade Organization, claiming it was unfair and obstructed fair competition. President Biden signed the Inflation Reduction Act into law in August 2022. As a result, starting in 2024, American consumers who purchase automobiles with...
01Jun
Belgium and the European Union sign the “Beijing Convention on the Judicial Sale of Ships”
Summary: On March 14, 2024, at the UN Headquarters in New York, Belgium and the European Union signed the United Nations Convention on the International Effects of Judicial Sales of Ships, often known as the "Beijing Convention on the Judicial Sale of Ships". The European Union...
01Jun