Billion-dollar earnings expected from agricultural exports
Billion-dollar earnings expected from agricultural exports

Following a decline in the past two years, exports of agricultural and food products have picked up pace. Consequently, agricultural export earnings are expected to hit the billion-dollar mark by the end of the 2024-25 fiscal year. This positive outlook comes from industry stakeholders after...

US announces new restrictions on AI chip exports
US announces new restrictions on AI chip exports

The United States introduced new export rules for advanced AI computing chips on Monday, aimed at boosting sales to allied nations and limiting access to countries such as China, reports AFP. The restrictions, which also include rules on weights for closed AI models, build on curbs announced in...

Overvaluation of taka threatens exports & remittances
Overvaluation of taka threatens exports & remittances

Economists and business leaders have raised concerns that the overvaluation of the taka, compared to the currencies of Bangladeshs trade partners, may negatively impact the countrys key foreign exchange sourcesexports and remittances. While these sectors have contributed to foreign currency...

Maldives strengthens ties with China; FTA set to take effect on January 1
Maldives strengthens ties with China; FTA set to take effect on January 1

The China-Maldives Free Trade Agreement (FTA) is set to come into effect on January 1, 2025, signaling a new chapter in the strategic partnership between the two nations. This milestone was announced during a special ceremony attended in person by Maldives Minister of Economic Development and Trade...

Qatar vows to halt EU gas sales over due diligence law
Qatar vows to halt EU gas sales over due diligence law

Qatar will cease gas exports to the European Union if the bloc enforces its new corporate due diligence law, Reuters said, the energy minister of the country Saad al-Kaabi warned in an interview with the Financial Times published on Sunday. The Corporate Sustainability Due Diligence Directive,...

Annual expenditure totals $14 billion with India
Annual expenditure totals $14 billion with India

Bangladesh has emerged as Indias largest trading partner in South Asia, primarily due to its growing import dependence. In return, India stands as Bangladeshs second-largest trading partner in Asia. However, despite this robust bilateral trade, Dhaka has struggled to capitalize fully on the...

Bangladesh's October exports grow 20.6%
Bangladesh's October exports grow 20.6%

The countrys export earnings in October saw a robust growth of 20.60% catching $4.13 billion, up by $0.71 billion compared to $3.42 billion of the same month on 2023. According to data released by the Export Promotion Bureau (EPB), in July-October exports grew by 10.8% to reach $15.79 billion,...