RCEP Agreement: Vietnam’s gain, Bangladesh’s loss?

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. […]

Draft Automobile Industry Development Policy: Address issues to reap full benefits

With the growth of the economy and rising purchasing power of people, sales of automobiles have been increasing in Bangladesh. However, the country still needs to depend on imports of foreign vehicles to meet its ever-growing demand. Inspired by the success of the domestic two-wheeler motorbike industry, the government has developed the draft “Automobile Industry […]

Addressing Youth Unemployment & Building Skills for the Future

Bangladesh has sustained a high GDP growth over the past decade that has put to bed the old moniker of “basket case” and helped position the country as one of the world’s fastest growing economies. Though the predictions from multilateral organizations for FY20-21 are highly varied from one another, The Bangladesh Bureau of Statistics(BBS) reported […]

FDI Inflow in Bangladesh: Time to Rethink and Redesign Policies

Regardless of the high economic growth of 8.1% prior to the pandemic, Bangladesh  has struggled to attract foreign direct investments (FDI) into the country which can be explained by the low FDI to GDP ratio of 0.5% in 2019. Infrastructural challenges and gap in policy implementation are some of the primary reasons. Naturally, the yearlong […]

Fading Abroad While Shining At Home: Bangladesh’s Shrimp Sector Looks to the Domestic Market as Exports Decline

Shrimp is one of the most important export items in Bangladesh, accounting for more than 70 percent of its agricultural exports. Its massive contribution to national exports has earned it the nickname, “White Gold.” The majority of this revenue winning item is exported to the European Union (EU) countries, including the Netherlands, Belgium, and Germany. […]

Global FinTech Progression and Bangladesh

Today you can stay at your home in self-isolation and order your grocery delivery, without having to worry about exchanging cash. Thanks to FinTech, you can do it with your smartphone. While mobile financial services are transforming the traditional money transaction process and fostering e-wallet adoption in Bangladesh, the wide-ranging opportunities of fin-tech, however, remains […]

China-Bangladesh Trade: New Prospects Opening Up for Bangladesh

The COVID-19 pandemic has forced global trade to reach a standstill as countries struggle to provide for their own. Despite a global trade slump, China has recently opened new trade avenues for Bangladesh with lucrative incentives to stimulate trade.  China has announced a tariff exemption for 97% of Bangladeshi products to be effective from July […]

Beyond Coronavirus: The Next Phase for Shipbuilding Industry

The well-performing ship-breaking industry in Bangladesh has paved the way for the shipbuilding industry. Since 2008, the shipbuilding industry has been an area of focus as the locally made ships began to be exported. The global ship recycling industry has been mainly concentrated in Asia and Bangladesh has been a prominent ship-recycler and emerging ship-builder. […]
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