Kiak Sung, founder of the Korean Export Processing Zone (EPZ), stated that Bangladesh, currently the world’s second-largest garment exporter among single countries, is well-positioned to claim the top spot. He emphasized that achieving this goal requires strategic reforms, increased use of technology, and the development of in-house production facilities for hand-spun yarn.

Sung highlighted the importance of policy support and the need for more bonded warehouses to ensure the swift availability of raw materials. This, he said, will enable manufacturers to produce and export garments more efficiently. He also praised the Bangladesh government’s proactive response during the temporary suspension of tariff policies under the Trump-era trade regulations.

Dr. Mumtazur Rahman Daud, CEO of Bangla US LLC, announced at an investment summit that the company is investing $1.6 billion (approximately Tk 2000 crore) to build an international-standard hospital in Bangladesh by 2026. The project also includes plans for a nursing university and industrial facilities, aiming to significantly enhance the country’s healthcare and industrial sectors.

Former U.S. President Donald Trump has announced a three-month suspension of retaliatory tariffs on most countries while increasing tariffs on Chinese imports to 125%.

On Truth Social, Trump wrote: “Due to China’s disrespect for global markets, we are imposing a 125% tariff on their goods, effective immediately.” U.S. Treasury Secretary Scott Bessent praised Trump’s bold move, stating that countries willing to negotiate will be rewarded.

Following the announcement, U.S. stock indices surged. Notably, Trump made this decision shortly after receiving a letter from Chief Adviser Dr. Muhammad Yunus, requesting a temporary suspension of the tariffs.

Bangladesh Bank Governor Dr. Ahsan H. Mansur led a delegation to London from March 17 to 21 as part of a high-profile diplomatic initiative to recover laundered assets and participate in global workshops on financial inclusion and interconnectivity.

As head of the asset recovery task force, Governor Mansur was the keynote guest at a meeting held at Portcullis House, UK Parliament. The event was attended by UK MPs Jo Powell, Rupa Huq, Baroness Uddin, and former Lord Chancellor and Justice Secretary Alex Chalk.

During the meeting, Dr. Mansur called for stronger cooperation in recovering stolen wealth and urged the UK government to impose sanctions on those involved in money laundering. He also met with Catherine West, Minister for Asia at the UK Foreign Office, expressing gratitude for the UK’s support. The visit included engagements with legal professionals and media representatives to build momentum around the issue.

In a sharp escalation of trade tensions, China has announced an 84% tariff on all American goods, effective from Thursday. This move comes in retaliation to the United States imposing a 104% tariff on Chinese imports, which Beijing has described as “oppressive.”

The Chinese Ministry of Finance stated that the new tariffs are a necessary response to the U.S.‘s aggressive trade policies. Analysts believe this development marks the beginning of another round of trade war between the world’s two largest economies—raising concerns about potential negative impacts on the global economy.

Despite the escalation, China has expressed its willingness to engage in dialogue with the U.S. government to resolve the conflict. In a white paper released on Wednesday, Beijing emphasized its consistent efforts to maintain mutually beneficial trade relations with Washington. The document acknowledges that trade disputes are “normal” but stresses the importance of safeguarding China’s national interests.

In a recent interview, Press Secretary Shafiqur Alam emphasized that a surge in foreign direct investment (FDI) could lead to an employment boom in Bangladesh. Citing Nobel Laureate Professor Muhammad Yunus, he noted the country’s urgent need for large-scale FDI to create massive employment opportunities.

“We need to knock on every door and say, ‘We are ready—come and invest,’” he said. Shafiqur added that wherever he travels—be it China, the US, New York, or Dublin—he presents Bangladesh as an attractive investment destination.

“If this happens, there will be a flood of jobs in the country,” he said, stressing that these jobs must be quality positions, not ineffective or low-grade ones. He also pointed out the need for stronger infrastructure and logistical support to accommodate such growth and mentioned that establishing Bangladesh as a global manufacturing hub is a dream of the Chief Adviser.

Faiz Ahmad Tayyab, Special Assistant to the Chief Adviser, has requested that the ‘March for Gaza’ rally scheduled for April 12 be postponed by a week. He cited the Bangladesh Investment Summit taking place from April 9, with over 600 investors from 50 countries visiting various companies, EPZs, high-tech parks, and startups. He urged organizers to consider the international presence and adjust the program accordingly. He also reiterated the Chief Adviser’s condemnation of Israeli aggression.

Speaking at the inauguration of the Bangladesh Investment Summit 2025, Chief Adviser Dr. Muhammad Yunus stated that Bangladesh possesses groundbreaking ideas capable of transforming the world. “There are immense business opportunities here,” he said. “These ventures are not just beneficial for Bangladesh but can create global impact.” He cited microcredit as an example, which started in a small Bangladeshi village and eventually became a major financial industry in the United States. Dr. Yunus became emotional while recalling the Liberation War. Awards were presented to Walton (domestic investor), bKash (foreign investor), Square Pharmaceuticals, and Square Fabrics for their contributions. Korean Export Processing Zone Chairman Ki-Hak Sung received honorary citizenship under a special category.

Starting Wednesday, the United States is enforcing a 104% tariff on a range of Chinese goods, following an announcement by former President Donald Trump. Earlier, on April 2, a 34% tariff was imposed, adding to a previous 20% duty. In retaliation, China announced a 34% tariff on U.S. goods last Friday. Trump warned of an additional 50% tariff if China does not retract its decision. China’s response measures take effect from Thursday.

According to the Bangladesh Bureau of Statistics (BBS), the country’s GDP growth rate rose to 4.48% in the October–December quarter, up from 1.81% in the previous quarter (July–September). In compliance with IMF guidelines, Bangladesh now releases quarterly GDP figures. The report notes modest growth in agriculture and services sectors, while industrial growth also saw improvement, albeit at a slower pace.

India’s stock market suffered a significant crash on Monday, sparing almost no major corporation—including the likes of Tata, Adani, and Ambani.

Fearing losses, investors dumped shares en masse, leading to a steep decline across the board. The National Stock Exchange’s Nifty index fell by over 3.25%, while the Sensex dropped nearly 3% the same day.

Analysts link the crash to recent tariff-related announcements by U.S. President Donald Trump. The U.S. Federal Reserve has since issued a warning to the Trump administration, stating that imposing new tariffs could hinder the country’s economic growth.

Chief Adviser Muhammad Yunus told Chinese investors that Bangladesh is experiencing its most favorable investment climate in history. He encouraged increased foreign investment and the relocation of Chinese and South Korean manufacturing units to Bangladesh. The BIDA Chairman will host monthly breakfast meetings with Korean and Chinese investors, some of which the Chief Adviser himself will attend. A hotline and call center for rapid problem resolution have also been proposed. “Our market is ready. You can also export to landlocked countries like Nepal and Bhutan,” Yunus added.

Trade Adviser Sheikh Bashir Uddin expressed optimism regarding the letter recently sent to the US administration, which aims to include 100 additional Bangladeshi products in the duty-free category to reduce trade deficit. “We haven’t received a response yet, but the intention is clear—we’re working to minimize the trade gap,” he said. Financial Adviser Salehuddin Ahmed confirmed that the Chief Adviser sent the letter to the Trump administration just yesterday. “We’re expecting a positive outcome. Both sides are willing to cooperate for a win-win situation,” he added.

Donald Trump has threatened to impose up to 50% tariffs on Chinese imports, prompting a fierce response from Beijing, which warned that it will “fight to the end.” The escalating trade war has caused turmoil in global markets and increased fears of a recession. In retaliation, China announced a 34% tariff on US goods effective Thursday. Trump then raised the stakes further, stating total tariffs on Chinese imports could reach 104% if Beijing does not back down. A Chinese spokesperson criticized the US for its “blackmailing tactics.”

Chief Adviser Muhammad Yunus met with Ki-Hak Sung, Chairman of South Korea’s Youngone Corporation, who is leading a delegation of South Korean investors attending a four-day investment summit in Dhaka. Foreign investors have already visited several key economic zones including Anwara, Korean EPZ, and Mirsarai. On Tuesday, 36 investors from countries including China, Japan, Saudi Arabia, the UAE, the US, and India, as well as NRBs, toured the Japanese Economic Zone in Narayanganj to assess facilities, work environments, and discuss logistics and energy concerns.