AnonTex Group fails to reschedule its defaulted loans amounting BDT 3,742 crore or ca. EUR 374 million as the central bank of Bangladesh, the Bangladesh Bank (BB) rejects it’s application, reports the daily Dhaka Tribune. AnonTex Group’s house bank the state-run Janata has been extra-ordinary generous to this particular client fully supporting and pleading for […]
Production at Risk as AnnonTex Fails Rescheduling EUR 374 Million Default Loans

EU Trade Preference GSP+ to Bangladesh Conditional

Preferential treatment of Bangladesh’s goods and services in the European Union (EU) market in the future will depend on implementation of 27 core UN conventions on human and labour rights, environmental protection and good governance, according to the EU during a virtual high-level policy meeting with Bangladesh on the 20th October 2020. Bangladesh will no […]
Sourcing from Bangladesh is expected to be 9% higher

Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country (LDC) bracket. Upon graduation from the LDC status, exports will be subjected to 6.7 percent additional tariff as duty-free and quota-free benefits from different countries and trading partners will be withdrawn, according to a […]
Explosives screening mandatory for direct cargo services to the EU

The European Union (EU) authorities include Bangladesh to the high-risk countries in terms of operating direct cargo services to the EU, according to the Civil Aviation Authority of Bangladesh (CAAB). The EU Ambassador to Bangladesh Pierre Mayaudon informed this decision at a meeting with CAAB Chairman Air Vice-Marshal Ehsanul Gani Chowdhury at the latter’s office yesterday, meeting sources […]
Keine Extrakosten für die Ausstellung der EU GSP Form A
Seit 1. Januar 2011 hat die EU eine neue Regelung für die Ausstellung eines „preferential certificate of origin GSP form A” für bestimmte Entwicklungsländer, wie z.B. Bangladesch, herausgegeben. Danach fallen in Bangladesch produzierte Textilien unter die neue EU GSP Regelung und können zollfrei in die EU aus Bangladesch exportiert werden, selbst wenn Sie unter Verwendung […]