Trade Data – Apparel Resources

Surging logistics costs escalate business expenses in Bangladesh

Apparel Resources News-Desk — Sat, 19 Oct 2024 10:30:01 +0000

The cost of conducting business in Bangladesh is rising dramatically due to rising logistics expenses, which is discouraging both domestic and foreign businesses. In order to improve financial planning, stakeholders are requesting that the government lay out predictable spending for each sector. According to company executives, investors find it challenging to make precise cost estimates […]

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Crisil report states trade outlook uncertain despite export recovery signs

Apparel Resources News-Desk — Sat, 19 Oct 2024 08:10:54 +0000

The forecast for merchandise trade is uncertain due to issues including container shortages and geopolitical worries, even if September’s export growth showed indications of improvement, according to a Crisil analysis. A rise in Chinese exports to Asian markets, particularly India, could result from the US’s increased tariffs on Chinese imports, which raises concerns about the […]

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Chittagong chamber calls for streamlined visa processes to enhance trade with the Philippines

Apparel Resources News-Desk — Sat, 19 Oct 2024 07:08:00 +0000

The Chittagong Chamber of Commerce’s administrator, Muhammad Anwar Pasha, stressed the importance of streamlining visa procedures in order to improve commercial and investment ties with the Philippines. He made these comments in the Chamber’s World Trade Centre office while meeting with R. Gutierrez, the Philippine Embassy’s Third Secretary and Vice Consul. Pasha emphasised Bangladesh’s notable […]

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Bangladesh, Ghana aim to strengthen trade and economic cooperation

Apparel Resources News-Desk — Sat, 19 Oct 2024 06:48:15 +0000

During recent talks between officials from Ghana and Bangladesh, the two countries reaffirmed their strong commitment to expanding trade and economic ties. During President Mohammed Shahabuddin’s farewell visit to the Bangabhaban, Kwaku Asomah Cheremeh, Ghana’s non-resident high commissioner to Bangladesh, brought attention to bilateral trade. President Shahabuddin emphasised the value of continued collaboration in areas […]

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EU, Bangladesh discuss strengthening trade, investment relations

Apparel Resources News-Desk — Fri, 18 Oct 2024 11:44:45 +0000

Michael Miller, the recently appointed European Union (EU) Ambassador to Bangladesh, has made a major statement to strengthen commercial relations by stating that the EU intends to increase investment and assist Bangladesh in moving out of the Least Developed Country (LDC) category. Ambassador Miller underlined the significance of establishing a favourable business climate to promote […]

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CPD urges government to revive 37 renewable energy projects

Apparel Resources News-Desk — Fri, 18 Oct 2024 11:40:43 +0000

The interim government has been urged by the Centre for Policy Dialogue (CPD) to launch tenders for 37 renewable energy projects that were cancelled after the August political upheaval. With a combined capacity of roughly 3,102 megawatts (MW), these projects were previously allocated without a bidding process by the former Awami League administration under the […]

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Apparel exports grow in September

Apparel Resources News-Desk — Thu, 17 Oct 2024 12:04:34 +0000

In comparison to the same period last year, ready-made garment (RMG) exports increased 17.30 per cent last month, according to data released by the Apparel Export Promotion Council (AEPC). Exports of garments increased 8.61 per cent from April to September compared to April-September 2023, in terms of dollars. The growth will continue in the upcoming […]

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GOTS bans 5 Indian cotton companies for faking documents

Apparel Resources News-Desk — Thu, 17 Oct 2024 12:02:22 +0000

Five Indian cotton companies have been banned by the Global Organic Textile Standards (GOTS), a German organisation, for cheating the GOTS system by employing fictitious shipping companies to demonstrate the transit of commodities. The organisation that verifies the organic quality of textiles, said on its website that it was enforcing a certification ban for two […]

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Growth or Decline? Mixed Signals from US Apparel Imports in August ’24!

Apparel Resources News-Desk — Thu, 17 Oct 2024 07:38:47 +0000

The US apparel import market has witnessed an intriguing shift in August 2024, with rising import volumes but declining values. This development sheds light on changing dynamics of global apparel trade, signalling evolving consumer trends and potential adjustments by brands and retailers. According to the latest OTEXA data, analysed by Apparel Resources, US apparel imports […]

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Chief Adviser urges increased Turkish investment in Bangladesh

Apparel Resources News-Desk — Wed, 16 Oct 2024 12:50:27 +0000

Bangladesh’s Chief Adviser, Professor Muhammad Yunus, urged both countries to take full advantage of their strong bilateral relationship and asked for increased Turkish investment in the nation, highlighting that Dhaka is now open for business. He made these remarks at Yunus’ office in Tejgaon, Dhaka, during a meeting with Ramis Sen, the Turkish ambassador to […]

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Bangladesh’s interim Government encourages increased US investment in energy sector

Apparel Resources News-Desk — Wed, 16 Oct 2024 12:36:19 +0000

In a meeting with Steven Kobos, CEO of Excelerate Energy and chairman of the US-Bangladesh Business Council, Professor Muhammad Yunus, the interim head of Bangladesh’s government, expressed confidence about improving the business climate in an effort to draw in more foreign direct investment. The State Guest House was the venue for the meeting. Noting that […]

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Korean envoy meets Bangladeshi foreign adviser to strengthen bilateral ties

Apparel Resources News-Desk — Wed, 16 Oct 2024 12:09:59 +0000

In a courtesy meeting with Foreign Affairs Advisor Md. Touhid Hossain, South Korean Ambassador to Bangladesh Park Young-sik covered a variety of topics of shared interest, such as trade, investment, and humanitarian concerns. The authorities discussed development cooperation, the ready-made garment industry, EPS worker employment, people-to-people interchange, and the urgent Rohingya problem during the meeting. […]

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Dhaka, Ankara to strengthen bilateral cooperation and explore investment opportunities

Apparel Resources News-Desk — Wed, 16 Oct 2024 10:00:56 +0000

During their 14th-16th October visit to Bangladesh, a Turkish delegation held talks with the goal of strengthening bilateral ties and investigating potential new investment opportunities. At the Bangladesh Investment Development Authority’s (BIDA) Agargaon headquarters, the team met with Chowdhury Ashiq Mahmud, Executive Chairman. Senior representatives from the Bangladesh Economic Zones Authority (BEZA) attended the meeting, […]

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Government vows action against extortionists in RMG sector

Apparel Resources News-Desk — Wed, 16 Oct 2024 08:30:12 +0000

During a news briefing, Chief Adviser’s Deputy news Secretary Abul Kalam Azad Majumder reaffirmed the government’s resolve to take the required steps to combat extortion in the ready-made garment (RMG) industry. According to him, the administration is ready to react appropriately and is fully aware of the extortion problems plaguing the industry. “The issue of […]

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DCCI advocates for automation in port operations to boost business competitiveness

Apparel Resources News-Desk — Wed, 16 Oct 2024 07:30:37 +0000

In order to strengthen logistics facilities and coordination among connected groups, the Dhaka Chamber of Commerce and Industry (DCCI) has urged for an immediate automation of port operations. The DCCI premises in Dhaka hosted a debate titled “Easing the Business System: An International Trade Perspective” during which this petition was made. In order to solve […]

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Indian cotton exports poised to double in 2023-24 season, says CAI

Apparel Resources News-Desk — Wed, 16 Oct 2024 06:22:03 +0000

Due to lower average prices for Indian cotton on the global market, cotton exports are predicted to nearly double to 2.85 million bales in the 2023–24 season from 1.55 million bales in the previous crop year, 2022–23, according to the Cotton Association of India (CAI). In February and March, the price of Indian cotton was […]

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Vietnam footwear exports surge by 12.5 per cent in first nine months of 2024

Apparel Resources News-Desk — Tue, 15 Oct 2024 12:28:14 +0000

Data from the General Statistics Office (GSO) shows that Vietnam’s footwear industry is growing at an impressive rate in 2024, with exports totalling US $ 16.53 billion in the first nine months of the year, representing a strong 12.5 per cent year-over-year gain. Thanks to this accomplishment, footwear is now one of the top five […]

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Chinese export growth experiences sharp decline in September

Apparel Resources News-Desk — Tue, 15 Oct 2024 11:26:37 +0000

China’s export growth slowed significantly in September, while import numbers were modest, according to data from the General Administration of Customs. Only 2.4 per cent of overseas shipments grew year over year, which is a sharp decline from the 8.7 per cent growth in August and less than the 6.0 per cent growth predicted by […]

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NBR establishes committees to enhance border trade efficiency

Apparel Resources News-Desk — Tue, 15 Oct 2024 08:35:21 +0000

In order to facilitate border trade cooperation, the National Board of Revenue (NBR) has established a number of committees that bring together members from several agencies to expedite trade procedures. As stated in a notification issued on Monday, this decision comes after panels were formed for each of the six customs houses, including the Customs […]

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Ten billionaires from textiles to apparel retail make it to Forbes’ richest list

Apparel Resources News-Desk — Tue, 15 Oct 2024 06:58:27 +0000

The textiles, apparel manufacturing and fashion retail sectors have the names of 10 illustrious billionaires included in India’s Richest 2024 Forbes list. These 10 names range from Reliance Industries which counts Reliance Retail as a subsidiary to India’s top apparel exporter Shahi Exports. Some of these entities do have their businesses spread across a number […]

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