Exporters and importers had argued that the increased tariffs would raise production and freight costs, potentially undermining trade competitiveness as the country prepares to graduate from least developed country (LDC) status next year.
Business News
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Figures from the International Trade Centre (ITC) show that the country imported apparel worth US $ 22.86 billion in 2024, of which Bangladesh supplied only US $ 1.26 billion — just 5.5% of Japan’s total imports.
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The Heritage Research and Professional Institute (HRPI) and the Bangladesh Handloom Board (BHB) inked a Memorandum of Understanding (MoU) to enhance cooperation in heritage fashion development, training, and handloom research.
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As the nation slowly recovers from the dollar scarcity that previously compelled authorities to limit foreign purchases, Bangladesh's imports surged to their highest level in three years this July.
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European clothing company Stanley Stella and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) convened a high-level meeting to talk about promoting social compliance and sustainability in the nation's apparel sector.
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The scheme aims to provide financial benefits to garment sector workers in export processing zones (EPZs) in the event of death or permanent disability caused by workplace incidents, according to a press release.
