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Bangladeshi RMG Plant to Invest US$ 20.20 Million in Mongla EPZ.

By   /  March 10, 2015  /  Apparel & Fashion  /  No Comments

Dhaka, Bangladesh – Bangladeshi company M/s. Moonstar Fashion Limited will invest US$ 20.20 million to establish a readymade garments industry in Mongla Export Processing Zone. This local venture will produce annually 30.66 million pcs Under Wear, 7.55 million pcs

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FTA May Boost Trade between Bangladesh and Sri Lanka.

By   /  March 3, 2015  /  Other Textile News  /  No Comments

Bangladesh / Sri Lanka – The Daily Star reports that Bangladesh and Sri Lanka can boost trade seven times with a free trade agreement (FTA) between the countries, Rishad Bathiudeen, Sri Lanka’s minister for industry and commerce, said.

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Italian Minister to Follow Up on Bilateral Decisions.

By   /  February 24, 2015  /  Other Textile News  /  No Comments

Italy / Bangladesh –  The Daily Star reports that Italian Deputy Foreign Minister Benedetto Della Vedova arrived to review progress on the decisions taken between the prime ministers of Italy and Bangladesh countries last October.

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Bangladesh Bank to Create $500 Million Green Fund for Textile.

By   /  February 17, 2015  /  Sustainable / Eco Textiles  /  No Comments

Dhaka, Bangladesh – The Daily Star reports that central bank of Bangladesh will set aside $500 million of low-cost funds for textile factories to help them adopt eco-friendly technologies and practices, Governor Atiur Rahman said. The money will come in addition to the existing export development fund (EDF) of $1.5 billion and will be named […]

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New Markets Help in Bangladesh Garment Exports.

By   /  February 10, 2015  /  Apparel & Fashion  /  No Comments

Dhaka, Bangladesh – Garment exports to new destinations are increasing substantially though shipments to traditional markets have been on a downward curve. The new markets are promising mainly due to the government’s stimulus package, aggressive marketing by exporters and relaxation of the “rules of origin” by some countries.

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Vietnam likely to Take Over Bangladesh in Apparel Export.

By   /  February 10, 2015  /  Apparel & Fashion, Featured News  /  No Comments

Vietnam / Bangladesh – Vietnam is likely to overtake Bangladesh in the global apparel export market share once the Trans Pacific Partnership (TPP) takes shape, reports BD Reports 24. According to a research report by Standard Chartered Bank, the agreement is likely to benefit Vietnam’s apparel industry, while hurting South Asian competitors

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Japan Agreed to Relax Rules for Knitwear Entry from Bangladesh.

By   /  February 10, 2015  /  Apparel & Fashion, Enewsletter, Featured News, Weaving & Knitting  /  No Comments

Bangladesh / Japan –  UNB reports that  Japan has agreed to further relax the rules of origin for Bangladeshi knitwear products in its market which the Bangladesh government considers as its big achievement. “Japan in principle has agreed to relax the rules of origin for Bangladesh.

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EU Bangladesh Business Council Launched In Dhaka To Firm Up Economic Ties.

By   /  February 10, 2015  /  Other Textile News  /  No Comments

Dhaka, Bangladesh – BD News 24 reports that EU Bangladesh Business Council has been launched in Dhaka to firm up economic ties. The 28-nation bloc is the largest export market for Bangladesh where all its products enter without duty. But the EU says this trading status has “yet to develop into a global and matured […]

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Thai Businesses Keen to Invest in Bangladesh.

By   /  February 4, 2015  /  Featured News, Other Textile News  /  No Comments

Thailand / Bangladesh – The Daily Star reports that Thai entrepreneurs are in dialogues with some Bangladeshi businessmen to invest in the country and exploit its immense business potential, senior Thai government officials said. As part of the efforts, they held a discussion with the leaders

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Jute Sector Hit Hard in Bangladesh.

By   /  February 3, 2015  /  Yarn & Fibre  /  No Comments

Dhaka, Bangladesh – Political turmoil has hit exports and local trade of jute hard by 20-30 per cent in the last 26 days, with the sector bleeding an estimated Tk 5.1 billion, insiders said, quotes The Financial Express. According to businesses, August-March is the peak season for jute harvest, trading, mills’ production and exports. The Bangladesh […]

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