International Trade

Bangladesh is one of the most prosperous countries in Asia and is expected to become the 26th largest economy in the world by 2030 . Even during the pandemic, while neighboring countries were experiencing a negative trend in their GDP growth rate, Bangladesh’s GDP per capita grew from USD 1,960 in 2020 to USD 2,130 […]

The Regional Economic Partnership Agreement (RCEP) is the world’s largest trade agreement, covering 30 percent of global GDP and 27 percent of global merchandise trade. Signed in November 2020, the trade bloc comprises 15 members, including the 10 nations of the Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia, and New Zealand. […]

India and Bangladesh have been connected to each other through shared values, shared borders, interlinked trade routes and hundreds of years of heritage. India was one of the very first countries to recognize Bangladesh as an independent nation and both the nations have enjoyed good bilateral relations throughout the years. The first official trade agreement […]

Global trade has been hit at an unprecedented speed and scale by the COVID-19 pandemic. A survey by the Institute for Supply Management conducted in March indicates that 75 percent of the companies reported supply chain disruptions in some form due to coronavirus-related restrictions. These companies with global supply chains faced an initial negative supply […]

According to the International Monetary Fund (IMF), the global economy is about to shrink by more than 3 percent in 2020, the sharpest slowdown since the Great Depression in the 1930s. With vaccines at least 12-18 months away and natural immunity at least 2 years away, this outbreak is proving to be a stress test […]

Bangladesh PM’s speech on the 25th was widely anticipated, owing to the onslaught of the Covid-19 induced health crisis and the resulting economic maelstrom. Citizens were keen on gauging the nature of the stimulus plan, expected to be unveiled during her speech. As a resource strapped emerging economy, the government has its fiscal limitations in […]

Fair Trade is an institutional arrangement which ensures ethical consumption by ensuring better prices, decent working conditions and a fairer deal for farmers and workers in developing  and under-developed countries. Fair Trade products are usually sourced from developing or under-developed countries and are sold in developed countries. It works by charging a premium for its […]

Global ride sharing economy picture Over the past few years, the ride-sharing industry has taken the global road transportation market by storm and has gained popularity, primarily because of companies devoted to making transportation more reliable, safe, and enjoyable. Ride sharing, till date, contributes to the biggest share of sharing economy valuation globally. The global […]

Where We’re At and What It Means In 2017 the US trade deficit with China was $375.6 billion, which is also its biggest trade partner. The US currently has a total $3.9 trillion dollar debt of which China owns 29%, or $1.138 trillion, and US President Trump wants to fix the balance of power China […]

Bangladesh has been hovering at the bottom rung in the doing Business ranking, according to the flagship publication of The World Bank Group. – ‘Doing Business 2018’. From Afghanistan to Zimbabwe, 190 economies have been compared, among which, Bangladesh has been ranked 176th for ease of doing business. The report attributed the marginal improvement of […]