Dhaka trade fair unlikely soon
Permanent venue ready, handed over to govt Star Business Report Star Business Report
The commerce ministry s plan to begin the Dhaka International Trade Fair (DITF) from March did not get the go-ahead from the government because of the ongoing pandemic, said Commerce Minister Tipu Munshi yesterday.
After failing to start the largest exposition in Bangladesh on January 1 due to the rogue virus, the Export Promotion Bureau (EPB) of the commerce ministry, the organiser, had planned to inaugurate it on March 17.
But the high-ups of the government did not give the permission, Munshi said. So, I can t specifically say when the DITF will be held this year. However, I can say that the fair would be organised at a convenient time this year, he said at the handover ceremony of the China-Bangladesh Friendship Exhibition Centre (CBFEC).
Moving out of LDC category to benefit Bangladesh
Says FBCCI president
6th February, 2021 11:20:02
Bangladesh will get new facilities in commerce besides increasing status of the country for LDCs (Least Development Countries) graduation meeting all the three criteria of graduation, said Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) President Sheikh Fazle Fahim. With LDCs graduation, foreign investment and employment opportunities will increase in Bangladesh which will boost country’s economy, he added while addressing at an online workshop titled “Effective Partnership with the Private Sector for Sustainable Graduation” organised by Support to Sustainable Graduation Project (SSGP) of Economic Relations Department on Saturday.
Bangladesh-Pakistan to steer up bilateral trade
By Md. Kamruzzaman
Dhaka, Bangladesh: A top Bangladesh’s trade body leader at an international business convention virtually held on Friday said that bilateral trade between Bangladesh and Pakistan will be steered up in 2021 due to easing visas for Bangladeshi nationals by Pakistan.
Trade volume between the two South Asian states in the 2019-2020 fiscal year were $594 million, says top Bangladeshi trade body leader
Rawalpindi Chamber of Commerce & Industry (RCCI) organized the convention while 55 trade bodies’ presidents from different countries and Pakistan envoy in Dhaka participated in the program.
Emphasizing the more active role of both countries in the platforms like D-8, SAARC and OIC, President of Dhaka Chamber of Commerce and Industry (DCCI), Rizwan Rahman, said at the convention that “easy visas for Bangladeshi citizens by Pakistan will steer up trade between the two South Asian nations in the year 2021 and onward
Pakistan keen to expand trade ties with Bangladesh
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DHAKA, Jan 27, 2021 (BSS) – The government of Pakistan is very keen to strengthen existing bilateral trade and economic ties with Bangladesh.
Pakistan High Commissioner in Dhaka Imran Ahmed Siddiqui said this while paying a courtesy call on Commerce Minister Tipu Munshi at Bangladesh Secretariat in the city, said a press release.
Under the leadership of Prime Minister Sheikh Hasina, Tipu Munshi said, Bangladesh is moving fast in all fields, including economic and social ones.
“Bangladesh’s trade with Pakistan is ongoing. Tea, pharmaceuticals, readymade garments, ceramic, leather and jute products are exported from Bangladesh to Pakistan. There is an opportunity to further increase these exports,” he added.
Staff Correspondent,
bdnews24.com
Published: 24 Jan 2021 05:40 PM BdST
Updated: 24 Jan 2021 05:40 PM BdST
The Ministry of Commerce has assembled a committee to set the prices of edible oil in keeping with the international market. );
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Commerce Minister Tipu Munshi announced the decision after a weekly meeting of the ministry’s commodity price monitoring cell on Sunday.
Bangladesh imports 90 percent of its cooking oil. “The surge in prices in the international market has an impact,” he said.
Cooking oil was sold at $700 per tonne in July and rose to as high as $1,190 before settling down to $1,100. “It means global prices have left an impact on the local markets,” Munshi said.