Bicycle exports have hit a new high, buoyed by increasing demand for the green mode for transportation aiding social distancing in the face of a surging number of coronavirus infections.

Bangladesh needs to formulate long-term plans on how to enhance its export basket after graduating from the UN's group of Least Developed Countries (LDCs), experts say at a webinar held yesterday.

Bangladesh has targeted exporting $51 billion worth of merchandise and services this fiscal year.

Pharmaceutical shipments from Bangladesh grew 25 per cent year-on-year to $169 million in the last fiscal thanks to the addition of anti-coronavirus drugs to the export basket, continuous improvement of quality and policy support.

Textiles and Jute Minister Golam Dastagir Gazi today said Bangladesh has earned $1062.54 million by exporting jute and jute products in the last 11 months since July last year.

The investors of the export processing zones (EPZs) have requested Bangladesh Export Processing Zones Authority (Bepza) to keep the EPZs open during the upcoming countrywide shutdown starting from June 28.

The garment makers' platform today urged Switzerland to extend duty-free access to Bangladeshi apparels for 10 years under the Everything but Arms scheme to ensure smooth transition of Bangladesh to a developing country

Garment makers today demanded creating an effective business-friendly environment and improving the ease of doing business to attract more investment in the country, especially in non-cotton or manmade fibre (MMF) based textiles.

Bangladesh is now playing a part in Qatar’s initiative of turning deserts into greenery, thanks to local firm which is exporting saplings.

Export earnings doubled year-on-year to $3.11 billion in May this year thanks to a rebound in garment shipment.

Myanmar’s deepening political crisis and India’s grave coronavirus situation are prompting international retailers and brands to divert work orders to Bangladesh because of its stability and milder-than-expected impacts of the second wave of the infections.

The customs houses will remain open to facilitate export and import activities during Eid holidays.

The government today asked the garment factory owners to clear the payments of workers’ salaries, bonuses and other dues by tomorrow so that the workers can enjoy the Eid-ul-Fitr.

Bangladesh needs to pay attention to explore new export destinations, including untapped markets in the Commonwealth of Independent States (CIS), Latin America and African regions, according to speakers at a webinar yesterday.

Earnings from merchandise exports surged as much as six times year-on-year to $3.13 billion in April thanks to a rebound in apparel shipment buoyed by the reopening of the economies in the US and Europe.

Despite uncertainty, international clothing brands are confident that Bangladesh will remain a major source of apparels in the coming months, according to a new study.

Textile and garment manufacturers and exporters yesterday demanded the government allow keeping factories open during the coming lockdown to help them offset the losses caused by the pandemic.

Chattogram-based Denim Expert’s managing director, Mostafiz Uddin, has been sending an open letter to some leaders in Europe, the UK and the US since February 26 urging reopening clothing stores to ensure sustainable supply chains in garment business.

Bangladesh is unlikely to reduce incentives on exports of jute goods, Commerce Minister Tipu Munshi said yesterday.

Bangladesh’s steel export, mainly semi-finished casting products, leaped 82.91 per cent year-on-year during the July-January period of the ongoing fiscal, interestingly coinciding with the ongoing pandemic-induced economic slowdown.