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C’wealth model offers hope for easing multilateral trade tensions

By Patricia Scotland, Commonwealth Secretary-General 7 October 2019 – Global uncertainties and tensions are escalating and affecting trade in every region. We see rising protectionism, while multilateral cooperation – including through the World Trade Organisation – is increasingly under threat. Meanwhile, the resilience of many smaller or less developed countries is being undermined by the impact of climate change and ... Read More »

IHS Markit launches first global index for carbon credits

Global Carbon Index combines proprietary information and futures markets data to produce the first benchmark for the global price of carbon London (September 25, 2019) – IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it has launched the IHS Markit Global Carbon Index, the first benchmark for the global price of carbon ... Read More »

Nations must have trade partners freely: Iran FM Javad Zarif

Dhaka, Sep 4 (UNB) – Iranian Foreign Minister Javad Zarif has urged countries including Bangladesh not to bow to what he termed ‘economic terrorism’ by the United States government, and encouraged them to avail a number of alternative trading mechanisms that circumvent the US financial system to carry on trading with Iran – without falling foul of Washington’s sanctions regime. ... Read More »

Gibraltar rejects US pressure to hold Iranian oil tanker

Madrid, Aug 18 (AP/UNB) — Authorities in Gibraltar on Sunday rejected the United States’ latest request not to release a seized Iranian supertanker, clearing the way for the vessel to set sail after being detained last month for allegedly attempting to breach European Union sanctions on Syria. The ship was expected to leave Sunday night, according to a statement on ... Read More »

Merchants agree to sell rawhides to tanners

Dhaka – Merchants have agreed to resume the sales of rawhides of sacrificed animals to tanners from today (Sunday) backing off from its Saturday’s announcement, paving the way for resolving the crisis in the leather industry. President of the Bangladesh Hide and Skin Merchants Association (BHSMA) Mohammad Delwar Hossain came up with the new announcement after a tripartite meeting of ... Read More »

Falling demand, syndicate behind BD Eid rawhide price slide

Dhaka, Aug 18 (UNB) – Experts have blamed the lack of policy, syndication by tanners, their ‘cash crunch’ and a fall in the demand for leather products for the unprecedented fall in the prices of rawhide of sacrificed animals this year. The drastic fall in rawhide prices forced seasonal traders in different districts, including Dhaka, Chattogram, Narayanganj, Narsingdi, Sylhet, Rajshahi ... Read More »

Tannery owners to buy rawhide, oppose export

Dhaka, Aug 14 (UNB)- Bangladesh Tanners Association will begin rawhide procurement soon, upon directives issued by the Commerce Ministry. The ministry urged the tannery owners and preservers to follow the necessary steps to tackle the waste of rawhide and maintain its quality, said a handout of Commerce Ministry on Wednesday. The Ministry urged Bangladesh Tanners Association to begin procuring rawhide ... Read More »