Chittagong Port has set a new milestone in its 48-year history by handling the highest volume of containers in a single fiscal year, despite several disruptions.
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The Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA), Chowdhury Ashik Mahmud bin Harun, received a courtesy call from Mahmud Hasan Khan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
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The Executive Chairman of the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA), Chowdhury Ashik Mahmud bin Harun, received a courtesy call from Mahmud Hasan Khan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
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Following the removal of a two-day work stoppage by customs personnel, operations at the busiest seaport in the nation have resumed as usual. Following a disruption that had negatively affected national trade, the port's import and export operations fully restarted on Monday, 30th June.
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The Dhaka Chamber of Commerce and Industry (DCCI) estimates that logistics expenses in Bangladesh continue to be astronomically high, costing between 15 and 20% of the nation's GDP, which is far higher than the global average of 8 to 10%.
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Following high-level mediation and government pressure, the National Board of Revenue (NBR)-led customs shutdown was lifted; however, not before seriously disrupting Bangladesh's trade, especially in the ready-made garment (RMG) industry.
