Export Deals

http://www.thefinancialexpress-bd.com/more.php?news_id=84738 Shipbuilding industry sees growth spree Munima Sultana The country’s fast growing ship building industry is likely to see another growth spurt within a year as a number of foreign companies are seeking local partners to develop backward linkage industries. Ship building owners said joint venture investment are likely to come from Denmark, Germany, France and few other countries that would help reduce the foreign dependence from ship designing to painting to make world class ocean-going vessels. Officials of Danish Embassy said at least nine Danish entrepreneurs are working on establishing joint ventures to develop deck equipment, windows, generators, hydraulic system and marine electrical ... Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=114491 Footwear exporters see silver lining Sayeda Akter Leather footwear exports are expected to turn around in two months as the shocks of recession are easing in parts of the world. Exporters are trying to increase product quality and make prompt delivery to get more work orders from abroad. Simultaneously, they have moved to diversify products to attract new buyers, said industry leaders yesterday. Local leather footwear and bag exports slowed in July-September, mainly due to the delayed effects of the global financial meltdown. In the July-September period of 2009, leather footwear exports stood at $56.22 million, which was a 3 percent decline from ... Read Full Story

Bangladesh exports plunged by around 12 percent in the first quarter of the fiscal year as a delayed impact of the global recession routed the country's garment sector, the government said Monday. Officials described the drop as a "major upset" for the country's key economic lever, and industry leaders said the fall was the worst quarterly decline in a decade. Figures released by the government's Export Promotion Bureau (EPB) showed the country exported merchandise worth 3.87 billion dollars between July and September, down 11.66 percent from the same period last year. September exports declined by around 28 percent from a year earlier, the steepest ... Read Full Story

http://www.thedailystar.net/newDesign/news-details.php?nid=114495 BB chief says exporters will get incentive to enter new markets Star Business Report Bangladesh Bank Governor Atiur Rahman said yesterday additional incentives would be offered to exporters to enter new markets with diversified products. “We are ready to assist entrepreneurs. If needed, we will support our exporters from foreign exchange reserves,” said Rahman at a seminar on fallout of the global financial crisis on international trade financing. Bangladesh Institute of Bank Management (BIBM) organised the programme where a study, conducted by BIBM academics — Dr Toufic Ahmad Choudhury and Dr Shah Md Ahsan Habib — observed that the meltdown has not left ... Read Full Story

KOREAN EXPORTERS' WON ADVANTAGE Samsung, LG, and Hyundai Motor are all recording strong earnings this fall. Their products are winners, but the companies are getting a nice lift from the Korean currency as well. Although the won has strengthened a great deal against the greenback since March, it remains 20% below its level at yearend 2007. The current rate still makes many Korean exports look like bargains, especially against Japanese products, since the yen is trading at near all-time highs. Why is the won staying so weak if Korea's brand-name companies are booming? Many exporters are benefiting from the misfortunes of the country's shipbuilders. ... Read Full Story