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Bangladesh cement export revenue fall
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Indian proposal to station customs officials is disrespectful The New Nation By
REPORT in a national daily on Saturday said India wants physical presence of its customs officials in Bangladesh for investigating any customs-related offences. They are also seeking information about the assessment of valuation, origin and tariff classification of goods and for determination of authenticity of documents of Bangladesh customs with regard to exports and imports. The Indian customs made the proposals in a draft agreement seeking cooperation and mutual assistance in customs related matters between the two sides at a time when Indian exports are over-flooding Bangladesh six to seven times and Bangladesh is trying to pick up against Delhi s persistent attempt to use of all tariff and non-tariff measures to contain Bangladesh s export to India.
Cotton import grows despite pandemic
Bangladesh s cotton imports grew by about 9 per cent to 75 lakh bales in the 2019-20 marketing year (MY) despite the ongoing coronavirus pandemic, according to data from the United States Department of Agriculture (USDA).
The cotton marketing year begins in August and ends in July and one bale equals to 480 pounds.
The high demand for cotton during the first half of the year combined with the country s success in combating Covid-19 has allowed the garment sector to maintain operations despite a few short-term disruptions.
US cotton exports to Bangladesh in MY2019-20 reached 1.06 lakh bales, up 28.9 per cent from MY2018-19. The US cotton market share was approximately 14 per cent in MY2019-20, which is second to India s 23 per cent market share.