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Trade

Enforcing labour standards via EU free-trade agreements

The European Union is an extremely active international actor in the area of trade, being widely involved in the negotiation and conclusion of free-trade agreements (FTAs) with partner countries.  Many of them, such as the CETA with Canada, the now aborted transatlantic TTIP or the EU-Japan FTA, made the news and spurred intense social debate. All new-generation free-trade agreements include ... Read More »

China, India respond robustly to US paper on ‘differentiation’

Geneva, 15 Feb (D. Ravi Kanth) – China and India have offered a robust response to the United States over its attempts to “differentiate” among developing countries on which none of them could avail of special and differential treatment (S&DT) at the World Trade Organization. In a joint draft paper, India and China have outlined why no one among the ... Read More »

29 Bangladeshi apparel makers take part in Paris Texworld

Dhaka, Feb 15 – A total of 29 Bangladeshi apparel, fabric and leather manufacturers took part in the four-day Texworld or Apparel Sourcing Paris that ended in Paris on Thursday. Additional Commerce Secretary Tapan Kanti Ghosh visited the show and appreciated Bangladeshi entrepreneurs. Dilara Begum, Commercial Counsellor of Bangladesh Embassy in France, was also there. Combined with Apparel Sourcing and ... Read More »

Taka 2 billion export order received at Dhaka Trade Fair

Dhaka, Feb 9 (UNB)— Commerce Minister Tipu Munshi on Saturday said the month-long Dhaka International Trade Fair (DITF) concluded successfully, drawing large crowds and getting more export orders compared to previous years.  “This fair helped to popularise many local products. So the import of those products will decrease and save us foreign currencies. Some of our new products can attract ... Read More »

500 mmcfd LNG supply to Bd national grid began on Saturday

Chattogram, Feb 9 (UNB) – The supply of 500 mmcfd Liquefied Natural Gas (LNG) into the national grid will start from here on Saturday. Talking to UNB, Petrobangla officials expressed hope that the supply of 500 mmcfd (million cubic feet per day) LNG gas will bring a positive impact on country’s gas sector. Along with the increased gas flow, fertilizer ... Read More »

Shop owners demand closure of Dhaka Int’l Trade Fair-2019

Dhaka, Feb 6 (UNB) – Bangladesh Shop Owners’ Association (BSOA) on Wednesday urged the government to end the month-long Dhaka International Trade Fair (DITF) 2019 saying it was hampering their business. At a press conference in a Dhaka hotel, they demanded that fairs, including DITF, must not extend beyond seven days. “DITF originally started to draw international attention towards Bangladeshi ... Read More »

US charges China’s top Huawei official with stealing secrets

Washington, Jan 29 (AP/UNB) — The Justice Department unsealed criminal charges Monday against Chinese tech giant Huawei, a top company executive and several subsidiaries, alleging the company stole trade secrets, misled banks about its business and violated U.S. sanctions. The charges were announced just before a crucial two-day round of trade talks between the United States and China are scheduled ... Read More »

Bd Shipping Corpn must carry 50pc of seaborne trade cargo

Dhaka, Jan 28 (UNB) – The Cabinet has approved in principle the draft of the Bangladesh Flag Vessels (Protection) Bill 2019 with a provision stating that at least 50 percent instead of the existing 40 percent of the seaborne cargoes relating to Bangladesh’s foreign trade must be carried by BSC flag vessels. The approval came at the Cabinet meeting held ... Read More »

Bodi tells Yaba traders: ‘Surrender by Wednesday’

Cox’s Bazar, Jan 13 – Controversial ex-MP Abdur Rahman Bodi on Friday asked yaba traders at Teknaf and Ukhia Upazilas to surrender within five days. “If the enlisted yaba traders do not surrender within five days, they will face terrible consequences,” he said. Bodi, the twice-elected while exchanging views with the locals at his residence in Lama Bazar in Teknaf ... Read More »

What the EU really thinks about Brexit

A major problem in the Brexit debate since June 2016 is how 95 percent of reporting and discussion in the UK media has been about internal Westminster politics. Occasionally space is found for a brief interview with a minister or politician from an EU-27 government but only on condition that they speak perfect English. Read More »

Incompetence and inability to run WTO secretariat alleged

DG did not read the report issued by WTO-IMF-WB at Bali Geneva, 17 Oct (D. Ravi Kanth) – The WTO Director-General Roberto Azevedo said on Tuesday that he has not had the opportunity to read the report on “Reinvigorating Trade and Inclusive Growth” prepared by his secretariat along with the World Bank and the International Monetary Fund, which calls for ... Read More »

New trade realities cause concern

Trade liberalization, a key dimension of recent globalization, has failed to promote broad structural transformation in developing countries and has instead contributed to increased worldwide inequality, a new United Nations report shows. Read More »