The Bangladeshi Government has been urged by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to formally ask Indian authorities for a three-month notice period in order to expedite the clearance of outstanding export shipments bound for India.
Business News
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In order to handle the unpaid pay and benefits of the workers at the garment factory owned by the TNZ Group, the interim administration has declared immediate action. All unpaid debts will be paid within the next seven working days, officials promised.
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Japanese foreign direct investment (FDI) in Bangladesh has steadily increased over the last 10 years, and there are currently over 350 Japanese businesses working there, which is over three times as many as there were ten years ago.
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The Chittagong port, Bangladesh’s primary seaport, has been brought to a standstill following a five-day work stoppage by officials at the Chittagong Custom House.
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Trade Data
Export through Bhomra port declines to US $ 243,000 from US $ 1.3 million following India’s import ban
The value of Bangladesh's exports through Satkhira's Bhomra Land Port fell from over US $ 1.3 million to barely US $ 43,000. This is in response to India's recent import prohibition.
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