Bangladesh has prepared a draft new Import Policy Order (IPO) for 2025-2028, incorporating major changes in the existing IPO for 2021-2024, Commerce Adviser Sheikh Bashir Uddin recently said.

The government is moving towards a more liberal and simplified import regime, and the details will be disclosed once these are finalised through the cabinet, he said.

Bangladesh has prepared a draft new Import Policy Order (IPO) for 2025-2028, incorporating major changes in the existing IPO for 2021-2024, Commerce Adviser Sheikh Bashir Uddin recently said.
The government is moving towards a more liberal and simplified import regime, and the details will be disclosed once these are finalised through the cabinet, he said.

Inputs have already been taken from Bangladesh Bank and other stakeholders, and the draft would be placed before the cabinet soon, he was cited as saying by domestic media outlets.

Commerce Secretary Mahbubur Rahman said the government will hold a high-level meeting on January 19 to review prices, supply and stock situation of essential commodities ahead of Ramadan season.

Fibre2Fashion News Desk (DS)

Egypt’s Suez Canal Economic Zone (SCZone) recently signed a $5.6-million agreement with Turkish garment manufacturer Eroglu Moda Tekstil to set up a readymade garments unit in the Qantara West Industrial Zone.

The fully self-financed project is expected to create about 700 direct jobs.

The factory will have an annual capacity of up to a million pieces. Around 95 per cent of its output will be exported, while the remaining will be supplied to the domestic market, according to the SCZone authority.

Egypt’s Suez Canal Economic Zone recently signed a $5.6-million agreement with Turkish garment manufacturer Eroglu Moda Tekstil to set up a readymade garments unit in the Qantara West Industrial Zone.
The factory will have an annual capacity of up to a million pieces.
Around 95 per cent of its output will be exported, while the rest will be supplied to the domestic market, the SCZone authority said.

SCZone chairman Waleid Gamal Eldien said the number of contracted projects in Qantara West has reached 50, covering a total area of about 3.46 million square metres, with cumulative investments estimated at $1.35 billion and more than 70,000 direct jobs, according to domestic media reports.

The statistics include projects developed with the Main Development Company (MDC), SCZone’s development arm, which builds ready-to-operate factories and industrial facilities for investors.

Fibre2Fashion News Desk (DS)

Industrial production in Turkiye increased by 2.4 per cent year on year (YoY) and 2.5 per cent month on month (MoM) in November last year, according to the Turkish Statistical Institute (TurkStat).

The index for industrial production (IIP) for manufacturing increased by 2.7 per cent YoY and 3.1 per cent MoM in the month.

Industrial production in Turkiye increased by 2.4 per cent YoY and 2.5 per cent month on month (MoM) in November last year, according to the Turkish Statistical Institute.
The index for industrial production (IIP) for manufacturing increased by 2.7 per cent YoY and 3.1 per cent MoM in the month.
The IIP for durable consumer goods fell by 3.2 per cent YoY and increased by 1.6 per cent MoM.

The IIP for durable consumer goods fell by 3.2 per cent YoY and increased by 1.6 per cent MoM, while the same for intermediate goods increased by 4.6 per cent YoY and 2.6 per cent MoM in the month.

Fibre2Fashion News Desk (DS)