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Make a 2-year survival plan for businesses

Make a 2-year survival plan for businesses
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GSP Plus threshold needs to be negotiated: expert

GSP Plus threshold needs to be negotiated: expert
Debapriya Bhattacharya
Star Business Report
Star Business Report
Bangladesh needs to negotiate with the European Union (EU) over the trade threshold for enjoying the Generalised System of Preferences (GSP) Plus once it graduates from the least developed country category, said a noted economist on Wednesday.
The EU s GSP Plus status allows countries duty-free export to the trade bloc. To be eligible, a country cannot account for over 7.4 per cent of the EU s annual imports.
However, Bangladesh has already crossed the threshold and it is already at 26 per cent now, said Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD). ....

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Bangladesh: Henry Kissinger's basket case is an economic success story

Bangladesh: Henry Kissinger’s basket case is an economic success story
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Bangladeshi Prime Minister Sheikh Hasina who has provided political stability recently remarked that “by 2031, Bangladesh would be an upper-middle-income country and by 2041, it would be a high-income and prosperous country.”
Agencies
Kissinger has crossed 90 years of age and little did he know then that Bangladesh GDP could overtake that of Singapore and Malaysia by middle of this decade.
NEW DELHI: Little less five decades back then US Secretary of State Henry Kissinger smarting from the 1971 defeat of ally Pakistan had described Bangladesh as a basket case. Kissinger has crossed 90 years of age and little did he know then that Bangladesh GDP could overtake that of Singapore and Malaysia by middle of this decade. ....

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Bangladesh to outperform Asian peers in economic recovery

Bangladesh to outperform Asian peers in economic recovery
Finds StanChart study presented in BGCCI discussion
Star Business Report
Star Business Report
Bangladesh is likely to recover faster than its Asian peers from the Covid-19 fallout thanks to improving exports, growth in domestic consumption and remittance inflow, according to a study of Standard Chartered bank.
In fiscal 2020-21, the economy will bounce back led by growing exports and remittance, which will also give a boost to consumption, it said.
Anubhuti Sahay, head of South Asia economics research of Standard Chartered Singapore, presented the findings of the study titled 2021 Outlook: The Road to Redemption at a virtual discussion organised by the Bangladesh-German Chamber of Commerce and Industry (BGCCI). ....

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