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Jute trade

The jute trade is centered mainly around India's West Bengal and Assam, and Bangladesh. The major producing country of jute is India and biggest exporter is Bangladesh, due to their natural fertile soil. Production of jute by India and Bangladesh are respectively 1.968 million ton and 1.349 million metric ton. Bengal jute was exported to South East Asia from the 17th century by the Dutch

Trading basics

Rapid Pass

The Rapid Pass is a smart card automated fare collection system based on near-field communication (NFC) technology used on participating public transit systems in Dhaka, the capital of Bangladesh. Rapid Pass card readers were implemented on a trial basis in 2017. Full implementation began in January 2018 and it was rolled out across rapid transit stations, railway stations, bus stops and

Trading basics

United States sanctions on Bangladesh

In 2021, the United States imposed government sanctions on Rapid Action Battalion (RAB), an elite security force, and six of its officials on charges of involvement in serious human rights violations in the country. Under the Magnitsky Act, it was first such case of sanctions by the United States government on the South Asian country.