ndia's garment exports stood at $10.13 billion in 2008-09, growing by a moderate 4.6 per cent over the previous fiscal despite demand erosion in the US and European economies, reeling under recession. Apparel exports were $9.68 billion in 2007-08. The business confidence would continue to remain low key during the first quarter ...

Trade analysts advise govt on recession risks Trade experts yesterday advised the government to aggressively negotiate with the Obama administration to obtain duty-free and quota-free access for Bangladeshi goods to the US. “This is the time to chalk out details with the Obama administration,” Dr Debapriya Bhattacharya, a distinguished fellow ...

Bangladesh fetched $1.217 billion from exports in February against the $1.264 billion target, registering a 3.75 percent shortfall in expected earnings. The state-run promotional agency for exports says international buyers placed fewer orders in the month because of the global economic crisis. In January, exports went 4.38 percent higher than the target, ...

China's foreign trade volume shrank sharply in February, according to figures released by the General Administration of Customs on Wednesday. Exports dropped 25.7 per cent year-on-year to $64.9 billion, the largest fall in more than a decade and the fourth monthly decline in a row. Imports fell 24.1 per cent to ...

Cambodia's garment exports have dropped by half amid the global economic downturn, the commerce minister said Thursday, as a union leader announced tens of thousands of job losses. Cambodia's garment industry is the impoverished country's largest source of income, providing 80 percent of its foreign exchange earnings and employing an estimated ...

Exports increased by 11.86 percent in January over the same month a year ago, while officials said the country would be able to meet the over $16 billion export target for the current fiscal ...

Prices are slipping toward the bottom. Orders are being cancelled. Payments and shipments are deferred or on hold. All point to the gloom thickening on the horizon. Economists warn that a deepening and prolonged recession ...

Turkey's imports fell by more than 40 percent year-on-year in January while exports fell by a quarter, giving a worrying signal of the extent of the slow-down hitting the ailing emerging economy. The trade gap narrowed to $1.379 billion in January, official data showed on Friday, around half of a poll ...

The duty free export of eight million pieces of garments to India is facing snags as Delhi has started imposing VAT and other financial levies on export consignments denying the benefit of its offer to Bangladesh under SAFTA free trade regime. President of BGMEA, the country’s apex trade body for the ...

Top readymade garment (RMG) makers are optimistic about meeting the export target in the current fiscal year although exports of some other products from Bangladesh declined in July-December period. Woven garment surpassed the export target by 2.45 percent, knitwear ...