Inside Trade


Jewelry Industry needs unity: BAJUS President Sayem Sobhan Anvir

BAJUS president Sayem Sobhan Anvir said all owners across the country need to unite to solve the problems of the jewelry industry. If all the jewelry traders of the country become members of BAJUS, discipline will come in this sector. Besides, the business leader has urged to build a statistical database containing BAJUS information. Read More...

Bashundhara Group will provide bitumen in Bangabandhu Tunnel

The country's first 'Bangabandhu Sheikh Mujibur Rahman Tunnel' is being constructed along the Karnafuli River in Chittagong. Bashundhara group bitumen will be used in this tunnel. An agreement was signed between Bashundhara Oil and Gas Company Limited (BOGCL) and China Communication Construction Company Limited (CCCL) at the conference hall of Bangabandhu Tunnel office at 11 am on Wednesday (December 8). Read More...

Bangladesh to import 500MW hydro-electricity from Nepal: Power cell DG

Power Cell director general Mohammad Hossain has said that Bangladesh is trying to import 500 MW of hydroelectricity from Nepal. He informed this while speaking at a webinar on “COP26 Outcome and Its Implication on energy sector transition for Bangladesh” organized by Energy & Power magazine. Read More...

Bangladesh is the top importer of rice after China

Despite the Bangladesh government's long-standing demand for self-sufficiency in rice production, this year Bangladesh has risen to the top in rice imports worldwide. In the fiscal year 2020-21, Bangladesh has risen to the second position in rice import. The US Department of Agriculture (USDA) has released this report in its report titled 'Food Grain: World Market and Trade'. It is said that in the 2020-2021 trade year, Bangladesh imported 26 lakhs 50 thousand tons of rice. According to the concerned persons, the trade year was calculated for 12 months before the publication of the report. Read More...

Bangladesh gets offers in 50,000t wheat purchase tender

Bangladesh's state grains buyer received the lowest price offer assessed at $404.11 a tonne CIF liner out in an international tender to purchase and import 50,000 tonnes of wheat which closed on Wednesday, European traders said. No purchase has yet been reported and the offers are still being considered, they said. Read More...

How China holds International trade in its talons.

In January 1998, French monthly Le Monde Diplomatique carried an article titled ‘China holds world trade hostage’. Set in the backdrop of the 1997 Financial Crisis, the article by Stephen S. Cohen postulated that China, ‘stripped of its old ideology’, was bent on ‘asserting itself as a world power in every domain’. In this regard, Cohen believed that the Chinese economic growth, particularly in exports, had come due to its movement to complex manufacturing. Yet, this growth had been at the cost of Southeast Asia, which faced the brunt of the economic crisis during that period. In over two decades since the article was published, Cohen’s words seem to have manifested in the present; China is today an aspiring hegemonic power that is wielding not just exports, but its overall economic strength to assert itself across the globe. After China became a full member of the World Trade Organization (WTO), its integration in the global economy has been swift, and its growth nebulous, as it quickly rose to become the world’s second-largest economy (in terms of GDP). Read More...


How China holds International trade in its talons

In January 1998, French monthly Le Monde Diplomatique carried an article titled ‘China holds world trade hostage’. Set in the backdrop of the 1997 Financial Crisis, the article by Stephen S. Cohen postulated that China, ‘stripped of its old ideology’, was bent on ‘asserting itself as a world power in every domain’. In this regard, Cohen believed that the Chinese economic growth, particularly in exports, had come due to its movement to complex manufacturing. Yet, this growth had been at the cost of Southeast Asia, which faced the brunt of the economic crisis during that period. In over two decades since the article was published, Cohen’s words seem to have manifested in the present; China is today an aspiring hegemonic power that is wielding not just exports, but its overall economic strength to assert itself across the globe. After China became a full member of the World Trade Organization (WTO), its integration in the global economy has been swift, and its growth nebulous, as it quickly rose to become the world’s second-largest economy (in terms of GDP). Read More...

Dubai-based DP World to invest $1b in Bangladesh

Bangladesh's supply chain infrastructure, including ports, rail networks, and inland container terminals, will receive a $1 billion investment from DP World, a Dubai-based multinational logistics corporation. This is within the scope of the government-to-government agreement entered into in 2019 for public-private participation on infrastructure projects, said a press release of the company on Tuesday. Read More...