Non-compliance with global halal standards, inadequate logistics, and a shortage of skilled manpower are among the major factors limiting the growth of Bangladesh’s halal industry, according to industry experts and stakeholders. The group discussion titled ‘Development of Bangladesh Halal Industry: Challenges and Prospects’ was organized by the Dhaka Chamber of Commerce & Industry (DCCI) in Dhaka. Participants highlighted systemic weaknesses that continue to prevent the country from realizing its potential in the $3 trillion global halal market. They identified tariff and certification complexities, lack of modern laboratories, and weak institutional coordination as key barriers. Experts called for an integrated national…

Vietnam’s Ministry of Industry and Trade is preparing a new decree to replace Decree No. 69/2018 on foreign trade management, introducing stricter controls on temporary importation for re-export activities. The new decree, drafted by Vietnam’s Ministry of Industry and Trade, was reported by the Department of International Trade Promotion (DITP) under Thailand’s Ministry of Commerce, through its Office of Commercial Affairs in Ho Chi Minh City. The draft regulation proposes a maximum storage period of 60 days for temporarily imported goods, extendable twice for 30 days each. The existing decree does not specify a storage limit. The new measure is…

The global cryptocurrency market experienced a severe market shock on Friday after former U.S. President Donald Trump announced a sharp escalation in trade tensions with China, unveiling a 100% tariff hike on Chinese imports alongside new export controls on critical software. According to data from Coinglass, the sudden policy move triggered the largest crypto liquidation in history, wiping out over $19 billion in leveraged positions within just 24 hours and impacting approximately 1.6 million traders worldwide. Bitcoin led the cascade of losses, plunging more than 12% from its recent all-time high above $125,000 to below $113,000 during New York trading.…

Prime Minister Datuk Seri Anwar Ibrahim today unveiled an allocation of RM500 million to the Export-Import Bank of Malaysia Berhad (EXIM Bank) to support local companies affected by the ongoing global trade tariff disruptions. The measure, unveiled during the tabling of Budget 2026 in Parliament, is designed to assist Malaysian exporters and manufacturers in managing the ripple effects of rising trade barriers and protectionist measures worldwide. Anwar said the fund will be channelled through EXIM Bank to provide targeted financing and relief assistance to businesses facing cost pressures, market access challenges, and supply chain disruptions due to the shifting global…

The Indian Association of Tour Operators (IATO) has urged the government to adopt a comprehensive international marketing strategy to enhance India tourism’s global visibility and attract more foreign visitors. In a statement released on Wednesday, the association proposed appointing Tourism Attachés or Nodal Officers in at least 30 key embassies around the world, supported by professional PR and marketing teams to lead regional campaigns. IATO also recommended allocating dedicated tourism promotion funds to Indian diplomatic missions, enabling them to design country-specific initiatives. The appeal follows a June letter addressed to Prime Minister Narendra Modi, in which IATO requested a budgetary…

The Indian Tea Association (ITA), the apex body of the country’s tea trade, has urged the government to ensure price stability in the sector through production control, export incentives, and stricter import regulations. At its 142nd annual general meeting held on Thursday, ITA Chairman Hemant Bangur also called for a relief package for the struggling Darjeeling tea industry and a transport subsidy for landlocked tea-producing regions. Bangur noted that while India’s tea industry has displayed resilience in challenging times, it is currently facing severe financial distress. “Over 80% of organized tea estates reported cash losses last year, and 2025 has…

Gold prices rose above $4,000 per ounce for the first time ever. Investors seek safety amid mounting economic uncertainty, the ongoing U.S. government shutdown, and growing expectations of an imminent Federal Reserve rate cut, while gold continues its impressive rally this week Spot gold was recently trading near $4,035 per ounce, marking a 54% rise since the start of the year. The rally has been underpinned by strong central bank demand, weakening confidence in the U.S. dollar, and heightened geopolitical tensions that have pushed investors toward safe-haven assets. After breaking out of a narrow range in early September, gold has…

Indonesia’s top economic official has said that new international trade deals are set to boost exports of local products, including automobiles, as the country works to expand market access and strengthen its global trade position. Coordinating Minister for Economic Affairs Airlangga Hartarto, speaking on Thursday at the ‘3 Million Exports from Indonesia’ event hosted by PT Toyota Motor Manufacturing Indonesia (TMMIN), stated that Indonesia is actively pursuing a series of trade deals to unlock new export destinations. “This aligns with President Prabowo Subianto’s directive to open access to new markets and increase export quotas for Indonesian goods,” Hartarto told reporters.…

The resolution, published in the official gazette on Wednesday, takes immediate effect and will remain valid until December 31, 2025, or until importing countries reduce tariffs on these goods below 45%. According to the decree, the suspension applies only to destinations where import duties currently stand at a minimum of 45%. The measure reflects Argentina’s intent to support industrial producers in a challenging economic environment while cautiously advancing its trade liberalization agenda. The government stated that the decision aims “to enhance export capacity and improve the competitiveness of one of the productive sectors of the country.” Argentina’s metals industry, particularly…

Frozen fish exports from Indonesia’s Maluku Province recorded a remarkable 1,187% increase in September 2025, reaching IDR 90.56 billion (approximately $5.76 million). The report, released by the Indonesian National Quarantine Agency (Barantin) through the Maluku Animal, Fish, and Plant Quarantine Center (BKHIT), shows a dramatic rise from August’s export performance. Head of Maluku Quarantine, Abdur Rohman, announced in Ambon on October 8 that frozen fish exports reached 1,137,126 kilograms in September, compared with just 56,222 kilograms in August, valued at IDR 7.03 billion. “This achievement reflects a significant increase in export value, up to 1,187%. It’s a positive indicator of…