The export depots in Chittagong are experiencing significant congestion following a surge in shipments from Bangladeshi exporters eager to avoid US counter-tariffs. The pressure stems from a 35% countervailing duty imposed by the United States on Bangladeshi goods starting July 8, prompting buyers to rush shipments ahead of the 1st August deadline.
Latest News
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The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) has taken a major step toward strengthening Environmental, Social, and Governance (ESG) practices within its member factories.
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Manufacturing
Pran-RFL Group plans major expansion as Rajshahi Textile factory creates 2,000 jobs in six months
Pran-RFL Group’s newly established manufacturing facility, Barendra Rajshahi Textile Ltd, has rapidly become a significant employment hub, generating 2,000 jobs within just six months of commencing operations.
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Trade Data
Bangladesh’s exports reach 32-month high in July, signaling positive start to new fiscal year
Bangladesh’s merchandise exports surged to US $ 4.77 billion in July, marking the highest monthly earning since November 2022 and representing a nearly 25% increase compared to US $ 3.82 billion a year earlier, according to the Export Promotion Bureau (EPB).
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Epyllion Group, a prominent leader in Bangladesh’s apparel sector, has achieved a significant milestone by earning the prestigious Global Security Verification (GSV) Certification from Intertek.
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Hundreds of garment workers from Style Craft Garment blocked the Dhaka-Gazipur Road on Saturday morning to demand their overdue salaries and dues. The protest caused significant traffic congestion on the busy route, disrupting daily commuters for several hours.
