Businesspeople are frustrated with a section of government officials who harass them when they try to obtain trade licences, and cause delays in releasing goods from ports and renewal of trade documents.
Bangladesh is likely to lose $5.28 billion worth of businesses annually in the European Union in the post-LDC era because of the erosion of preferential trade benefits following the country’s graduation from the group of the least-developed countries, according to a new study.
Syed Nasim Manzur, managing director of Apex Footwear Ltd, has been elected as the new president of the Leathergoods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB).