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EU green deal may hit Bangladesh exports

Ferdaus Ara Begum

EU green deal adopted on December 11, 2019 aims to make their textile and footwear and other industrial production carbon neutral by 2050, one of the primary goals undertaken to address SDGs, objectives of which are to somehow connected with all 17 SDGs. This Green Deal and its Circular Economy Action Plan- the Ecodeisgn for ...

Policy support must for compliant plastic recycling

Ferdaus Ara Begum

With global apparel buyers increasingly emphasizing sustainable practices in raw material sourcing and waste management, Bangladesh must align its industry practices to meet these evolving demands. About 45-50% of our RMG and Textile exports are destined to EU, in order to sustain the market Bangladesh needs a transition in the textile sector for resource efficiencies ...

Why inflation not under control

Ferdaus Ara Begum

Inflation for a longer time is not at all expected for an economy. However in Bangladesh despite continuous efforts inflation can not be controlled. Inflation stands at double digit in October, 2024 at 10.87% while for food inflation it is 12.66% as per BBS data, which is unaffordable for not only the marginal people but ...

Adequate policy supports needed to attract FDI

Ferdaus Ara Begum

Overall investment scenario in Bangladesh is not satisfactory while Foreign Direct Investment (FDI) is much depressing as per the requirement. Policies and incentives are announced, a number delegates are visiting the country they expressed their sincere willingness however eventually all investmentsdo not get matured. Bangladesh has announced several incentives for power and electricity, some FDI ...

EU textile policy's impact on our clothing industry

Ferdaus Ara Begum

Circle Economy Foundation(CEF)has prepared a study on socio-economic impacts of EU circular textile policies on trading partners. The report discussed about the upstream impacts of EU circular economy policies in Bangladesh while it also analyzed the downstream impacts of EU circular economy in Ghana- a west African country. The report considers the EU Waste Framework Directive ...

Trade facilitation support services for business expansion

Ferdaus Ara Begum

The present global trend is to examine the gaps in trade facilitation measures amidst the investment policy shift from liberalization to facilitation. Bangladesh has made several efforts to improve trade facilitation support services for a business-enabling environment; however, businesses still face challenges due to stringent customs procedures and high lead times. Exports remain confined to ...

Enhanced logistics support for business to sustain competition in future

Ferdaus Ara Begum

Bangladesh is in the journey of transformation towards a non-LDC developing country by November 2026. Economic development of the country is in flux, mostly depending on labor-intensive industrial export-driven model, Bangladesh can face challenges of for sustaining competitiveness in future. Efforts are to be taken to prepare for technology-supported capital-intensive industrial development strategy for which ...

Challenges for our exports in post-graduation regime

Ferdaus Ara Begum

Bangladesh is getting ready for LDC Graduation and policies are revisited accordingly to accommodate new changes to be WTO-Compliant. In view of this, cash subsidies ranging 10-50% from 43 export products have been withdrawn in February 2024 and in the 2nd phase in June some cash support has been withdrawn. It seems that gradually cash ...

Reforms in export policy must to turn around economy

Ferdaus Ara Begum

Recent political wallop of about a month has created immense bearing on economic activities of the country. A number of business leaders incur an approximate loss of around $10 billion. The crisis has both direct and indirect impact about the country's reputation as a reliable and resilient economy, reminiscent of the setbacks is the worst ...

SCM of WTO and support to export sector in Bangladesh

Ferdaus Ara Begum

Export contributes about 10-12% of the GDP and as per 8th FYP we have opted for a manufactured based export led growth strategy for economic development. In the export policy 2024-27 it targeted for USD 110 billion exportat the marginal year while in the perspective plan( 2021-241) export target set at USD 300 billion. Targets ...