October Newsletter At A Glance…
Here’s what’s inside this month— a roundup of EuroCham Bangladesh’s key activities, national developments, and member milestones shaping Bangladesh’s trade and business landscape.
In the News This Month
- EU–Bangladesh Dialogue: A Strategic Crossroads in Trade
- Industrial Safety: Three Major Fire Incidents in October
- Edible Oil Market in Flux: Price Hikes and Policy Disputes Continue
- Chattogram Port Disruption: Strikes, Tariff Hike & Fragile Recovery
- EU Election Observation: Full Mission to Bangladesh After 17 Years
Feature Article
From Talk to Action: Join EuroCham’s High-Impact Working Groups
Driving policy advocacy, sectoral reform, and meaningful engagement between the European business community and policymakers.
EuroCham Events
- Driving Sustainable Action: Launch of the Team Europe Initiative on Climate & Energy
- Trade Engagement: Dialogue on Bangladesh’s Interest to Seek Free Trade Agreement (FTA) with the EU, Organised by the Ministry of Commerce
- Strengthening Dialogue: Chairperson’s Visit to Brussels
- German Embassy Reception Honoring Johann Saathoff
- Diplomatic Outreach: Meetings with the Embassies of Denmark & France in Dhaka
Member Highlights
- LafargeHolcim – Aggregates Key Partners’ Meet 2025
- Arla Foods – New Office Inauguration to Support Growth
- DBL Group – Leading Circular Textile Innovation in Bangladesh
- CMA CGM Group – Connecting Bangladesh with Speed & Reliability
- Rahman’s Chambers – Recent Legal Highlights & Achievements
In The News This Month!
EU-Bangladesh Dialogue: A Strategic Crossroads in Trade
Bangladesh Eyes Stronger Trade Ties with the EU Through a CEPA or FTA
On 12 October 2025, Commerce Adviser Sheikh Bashir Uddin met with EU Ambassador Michael Miller to discuss enhanced trade, investment, and economic collaboration between Bangladesh and the European Union. The meeting focused on enhancing trade, investment and overall economic cooperation between Bangladesh and the EU.
In the discussion, EU Ambassador Michael Miller stated that trade plays a vital role in strengthening diplomatic and economic ties. Acknowledging that the EU currently runs a trade deficit with Bangladesh, he noted that both sides have the opportunity to benefit by addressing existing challenges in trade and investment. The Adviser reaffirmed that the EU remains Bangladesh’s largest and most reliable trading partner, emphasizing the need to move beyond current preferential schemes toward a long-term partnership framework.
Following a recently completed feasibility study indicating mutual benefits, Bangladesh may formally request the EU for a Comprehensive Economic Partnership Agreement (CEPA) — potentially paving the way for a future Free Trade Agreement (FTA). Such an agreement would help Bangladesh 
retain market access once its Everything But Arms (EBA) benefits expire after the three-year transition period post-graduation.
Currently, the EU purchases around $25 billion worth of Bangladeshi goods annually — about 60% of Bangladesh’s total exports, with the RMG sector accounting for 64% of that share. Losing EBA preferences could expose these exports to tariffs of up to 12%, 
creating a competitive disadvantage compared to countries like India and Vietnam that already have FTAs with the EU.
To mitigate these risks, Bangladesh aims to qualify for GSP+ benefits by ratifying and implementing 32 international conventions covering human rights, environmental protection, labor rights, and good governance. At the same time, the proposed CEPA or FTA would provide a broader framework for sustaining duty-free access, expanding trade in value-added sectors, and enhancing investment flows aligned with the post-LDC strategy. (The Business Standard, The Daily Star)
Edible Oil Market in Flux: Price Hikes and Policy Disputes Continue
Following the September Edition’s report on the government’s imposition of a 1% advance tax on edible oil imports and the new 20% regulatory duty on rice bran oil exports, this update tracks how those measures have now fed into market dynamics. In mid-October, refiners announced retail price hikes of Tk 3-13 per litre for soybean and palm oil, setting bottled soybean oil at Tk 195, loose soybean oil at Tk 177, and palm oil at Tk 163 per litre, with a five-litre bottle of soybean oil priced at Tk 945. Refiners cited rising international costs and earlier tax measures, including the 1% advance tax on imports and the 20% duty on rice bran oil exports, as key pressures driving the increase (The Daily Star).
The government, however, has stated that it has not approved any price hike, with Commerce Adviser Sk Bashir Uddin and ministry officials stressing that final decisions are pending (The Financial Express). Consumer groups, including the Consumers Association of Bangladesh, have criticised the unilateral move, warning of oligopolistic practices in a market where Bangladesh imports about 85% of its edible oil needs. The dispute highlights ongoing tensions between refiners and regulators over pricing authority, with consumer affordability and supply stability at stake.
Sirajam Munira Binte Hafiz
Operations | EuroCham Bangladesh
EU–Bangladesh Dialogue Highlights the Need to Address Non-Tariff Barriers (NTBs) to Unlock Next Phase of Trade Growth
In the same meeting with the Commerce Adviser, the EU Adviser together with the EU Member States Heads of Mission presented a list containing around 60 types of Non-Tariff Barriers (NTBs) across 13 categories that currently impede Bangladesh–EU trade.
The EU has highlighted several barriers related to investment, services, customs, government procurement policies, intellectual property rights (IPR), counterfeit goods, double taxation, profit repatriation, visa-work permit, and the lack of a neutral dispute resolution mechanism. They also include some sector-specific barriers in agriculture, food/dairy and pharmaceuticals, all of which hold back the potential of EU trade with Bangladesh.
Government representatives acknowledged that many of these challenges are process-related rather than strictly legal or policy-based, and pledged to continue working with EU counterparts to resolve them through regular dialogue and institutional cooperation.
While duty-free access remains significant, the next frontier will depend on improving the ease of doing business and investment environment. Addressing NTBs is therefore crucial for unlocking new opportunities for both European investors and Bangladeshi exporters, as streamlined customs procedures, transparent procurement processes, and sound IPR regimes are becoming increasingly decisive. (The Financial Express)
Bringing It All Together: Strategic Considerations for EuroCham Bangladesh & Stakeholders
For the European Chamber of Commerce in Bangladesh (EuroCham BD) and European private-sector stakeholders, the current phase offers multiple entry points and risks to monitor:
- Timing matters: With formal talks expected soon, alignment on study methodology, data transparency, and feasibility outcomes will shape how favourable the deal becomes for the business environment.
- NTBs as door-openers: While attention often focuses on tariffs, the NTB agenda offers concrete, near-term gains (customs efficiency, IPR clarity, procurement access). Engagement here can deliver improvements before the full FTA is negotiated.
- Export sectors under pressure: For Bangladesh’s textiles and apparel — the backbone of its exports to the EU (~94% of EU imports from Bangladesh) (Trade and Economic Security) — any erosion of duty-free access (post-2029) would be disruptive. European buyers, investors, and associations should monitor developments. At the same time, Bangladesh must accelerate efforts toward export diversification to reduce its heavy reliance on the RMG sector and build resilience against future trade shocks.
- Governance & standards: To secure EU trade deals, Bangladesh has to show initiatives beyond tariffs — sustainable supply chains, labour and environmental standards, and regulatory coherence all matter. Bangladesh companies and European partners should signal readiness in these areas.
- Strategic messaging: The next phase is about partnership, not charity. Highlighting mutual benefit — Bangladesh’s access to investment and markets; EU and European businesses’ access to a competitive, reliably regulated partner — will reinforce the narrative.
The recent EU–Bangladesh engagements demonstrate momentum toward a strategic trade relationship. With discussions focusing on data-driven policy, NTB reduction, and a future FTA, both sides are laying the foundation for sustained economic cooperation beyond LDC graduation.
For the European private sector and EuroCham Bangladesh, this evolving landscape offers new avenues for dialogue, advocacy, and partnership — ensuring that future trade frameworks are inclusive, transparent, and conducive to long-term investment and growth.
Nujhat Anjum Silva
Operations | EuroCham Bangladesh
Three Major Fire Incidents in October 2025
Hazrat Shahjalal International Airport, Dhaka
On 18 October, a major fire broke out in the cargo-village section of Bangladesh’s main international airport, Hazrat Shahjalal International Airport, severely disrupting both domestic and international flight operations.
According to officials, around 37 firefighting units, aided by the army, navy, and air force, were deployed to douse the flames that spread across multiple warehouses in the import-cargo area. Flight operations were suspended for several hours and resumed later that night after the fire was brought under control. (Reuters)
Garment Sector: The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) expressed concern that the fire at Hazrat Shahjalal International Airport destroyed an estimated $1 billion worth of urgent air shipments, including garments, raw materials, and product samples. The loss of product samples could jeopardize future business opportunities for the country’s $47 billion garment industry. The airport’s cargo village, which handles over 600 metric tons of dry cargo daily—doubling during the peak export season—was significantly disrupted, affecting around 200–250 factories that ship products by air each day. (Al Jazeera )
Pharmaceuticals sector: The Bangladesh Association of Pharmaceutical Industries (BAPI) has estimated that the fire at Dhaka Airport’s Cargo Village on 18 October could affect the pharmaceutical sector by around Tk 4,000 crore. (The Business Standard)
Raw materials worth about Tk 200 crore from 45 leading pharmaceutical companies were destroyed, including essential ingredients for antibiotics, vaccines, hormones, and medicines for diabetes and cancer. Damage to machinery and spare parts may further delay production.
Despite the losses, companies have assured that medicine prices will not increase, and BAPI is working with authorities to expedite raw material release, seek tax relief, and restore normal production. The incident highlighted the vulnerability of the pharmaceutical supply chain and the need for stronger safety measures at key cargo points. (The Business Standard)
Authorities have launched a formal investigation into the cause of the fire and are reviewing safety protocols at the airport’s cargo handling facilities to prevent similar incidents in the future.
Chattogram Export Processing Zone (CEPZ)
A massive blaze erupted around 2:00 pm on 16 October at the eight-storey building of Adams Caps & Textiles Ltd in Road-5 of the Chattogram Export Processing Zone (CEPZ) in Chattogram, Bangladesh. The fire started at the seventh floor, rapidly engulfing upper floors, including warehouses filled with raw materials and finished goods, spreading through the night and threatening nearby structures. (The Daily Star)
Firefighters from the Fire Service, supported by units from the Bangladesh Navy and Air Force, battled the flames for nearly 17 hours before bringing the situation under control. In total, 19 fire units were deployed, along with heavy firefighting equipment and rescue teams. (Dhaka Tribune,The Business Standard )
Although no casualties were reported, the damage to machinery, textile stockpiles, and export-ready goods is extensive. The disruption has raised renewed concerns about industrial fire safety within export-processing zones and the enforcement of building compliance standards. Authorities have since formed two separate probe committees to investigate the cause of the blaze and assess structural safety within the EPZ. (The Daily Star)
Factory & Chemical Warehouse, Mirpur (Dhaka)
On 14 October, a devastating fire erupted in a garment factory building adjacent to an illegal chemical warehouse in the Rupnagar area of Mirpur, Dhaka. The blaze killed at least 16 people and injured several others, with toxic gases from stored chemicals believed to have worsened the disaster. Many victims were reportedly trapped inside due to locked exits and the absence of emergency fire-safety systems. (The Business Standard) Fire official Talha bin Jashim said that the fire is believed to have started on the third floor of the seven-story garment building. He said rescuers have recovered several bodies. Several other people were injured.(AP News)
The fire burned for nearly 27 hours before firefighters managed to extinguish it, and subsequent inspections revealed that both the factory and the warehouse were operating without proper safety clearance or licenses. Toxic hydrogen sulphide gas at “immediately lethal” levels was detected in the burnt Mirpur Shialbari chemical warehouse on Friday, as smoke continued to billow from the site more than 72 hours (The Daily Star)
The tragedy has reignited nationwide debate over industrial-safety enforcement and the illegal storage of chemicals in residential or mixed-use areas. Experts and civic groups have called for urgent government action to relocate chemical warehouses and strengthen oversight, warning that continued negligence could damage Bangladesh’s reputation as a major garment-exporting nation. (World Socialist Web Site)
Najifa Arshad
Operations | Eurocham Bangladesh
Chattogram Port Disruption After Tariff Hike Triggered Strikes and Left a Fragile Recovery in Its Wake
As of October 31, the Chattogram Port tariff dispute has progressed from abrupt implementation to high-level engagement: after the Chattogram Port Authority (CPA) implemented a revised tariff schedule that took effect on 15 October, raising a set of port charges by an average of around 41% and increasing the heavy-vehicle gate-pass from Tk 57.50 to Tk 230, truck, covered‑van, and prime-mover trailer owners halted vehicle entry, and clearing and forwarding staff enforced daily four-hour work abstentions (The Financial Express). The stoppages and wildcat strikes produced severe operational disruption: on‑chassis import deliveries plunged from roughly 600-900 TEUs (Twenty-foot Equivalent Unit) per day to 10-15 TEUs, more than 3,600 TEUs of import containers congested port yards, and 944 TEUs of export containers missed sailings as several vessels departed partially empty (The Daily Star). The suspension, however, came after significant delays, missed sailings, higher logistics costs, and production slowdowns across export–dependent industries; complaints about lack of stakeholder consultation and dollar‑linked charges persist (The Business Standard).
After urgent meetings between transport associations, the Chittagong Port Authority (CPA) and government representatives, transport owners withdrew strikes following CPA assurance that the new entry fee would be suspended and vehicles could enter at the previous Tk 57.50 rate pending a formal CPA‑board decision (The Daily Star). Container movements gradually resumed from late afternoon, averting a prolonged shutdown but leaving significant downstream costs: missed sailings, congested yards, delayed raw‑material deliveries, higher logistics and carrying costs for exporters, and production slowdowns for import‑dependent manufacturers. The episode, coming amid wider shocks to trade (including recent industrial fires), underlines the need for transparent stakeholder consultation, timely written assurances on tariff changes, and contingency planning to protect port reliability and the broader trade chain. The outcome will be watched closely: stakeholders expect either a negotiated rollback or a credible, time‑bound mitigation plan; failure to secure a clear, consultative resolution risks further damage to port credibility, supply-chain reliability, and the cost competitiveness of exporters.
Sirajam Munira Binte Hafiz
Operations | EuroCham Bangladesh
EU to Deploy Full Election Observer Team to Bangladesh After 17 Years
The European Union plans to send a large team of election observers to Bangladesh for the upcoming general election, scheduled in the first half of February, marking the bloc’s first full-fledged mission since 2008. EU Ambassador to Bangladesh Michael Miller made the announcement on 28 October 2025, during a meeting with Chief Adviser Muhammad Yunus at the State Guest House Jamuna in Dhaka.
He said the EU observer mission is yet to be formally confirmed but could include between 150 and 200 members. Some observers are expected to arrive about six weeks before the election, while others will join a week prior to polling day. “This would be the first time since 2008 that the EU is sending such a full-fledged election observer team to Bangladesh,” Ambassador Miller said, adding that the EU would also assist in deploying local election observers during the vote.
During the hour-long meeting, both sides discussed a wide range of issues, including governance and constitutional reforms, election preparations, judicial and labour reforms, trade and investment relations between Bangladesh and the EU, and the broader political process. Miller described the upcoming polls as “an opportunity to reset the reputation of the country.”
The envoy also reaffirmed the EU’s commitment to supporting Bangladesh’s smooth graduation from a Least Developed Country to a middle-income nation. Discussions also focused on strengthening trade and investment ties, exploring the possibility of an economic partnership agreement, and cooperation in aviation and shipping. Both sides agreed to work closely on tackling human trafficking and illegal migration. The two sides also discussed the election environment, candidate eligibility, and ensuring due process to uphold human rights ahead of the national vote. (Dhaka Tribune, The Daily Star)
Najifa Arshad
Operations | EuroCham Bangladesh
Article
From Talk to Action: Join EuroCham’s High‑Impact Working Groups
We are pleased to announce that EuroCham Bangladesh’s Working Groups are now beginning their journey in earnest. Building on strong member energy and institutional engagement, the groups are moving from launch to delivery with concrete progress already underway. Five active groups, Tax, Trade & Customs; Sustainability, Circularity, Renewable Energy & Recycling; Food & Agro Processing; Ease of Doing Business; and Logistics, are now operational, with 21 companies registered and nominated points of contact providing the coordination backbone for accelerated action.
The Tax, Trade & Customs Working Group has secured strong leadership with LafargeHolcim Bangladesh PLC. as lead and an explicit plan to time advocacy to the budget cycle. The group will prepare evidence-based positions and a fast-track advocacy roadmap to engage with NBR and other regulators, thereby putting members in a position to mitigate relevant issues within the upcoming fiscal and customs decisions.
The Sustainability, Circularity, Renewable Energy & Recycling Working Group is starting off with clear priorities by initiating a survey amongst the Eurocham members to identify issues most vital for their companies in the first week of November. This survey will inform the Working Group’s action agenda. It is being led by H&M, SolShare, Decathlon, and Rahman’s Chambers as the joint co-leads. With a focus on practical interventions such as CPPA frameworks, on‑site/off‑site solar, and recycling incentives, the Working Group is poised to mobilise pilots and policy aims that deliver measurable sustainability outcomes.
The Food & Agro Processing Working Group, led by Arla Foods Bangladesh, has hit the ground running. The Working Group was renamed to reflect the full food & beverage value chain, and EuroCham has already reached out to food and beverage members to join the initiative. A member recruitment timetable is in place for early November, and Rules of Engagement are being drafted once membership is finalised. The group is prioritizing issues such as export readiness, SPS and BSTI alignment, cold-chain improvements, anti-counterfeiting, and waste reduction as core areas for immediate action. In the coming weeks, EuroCham will circulate draft ToRs and convene the first formal meeting in November with clear KPIs, including a target of confirmed Food & Agro Processing Working Group members.
The Ease of Doing Business Working Group, led by Rahman’s Chambers, is focused on removing procedural friction through digitalisation, streamlined registration and licensing reforms, and targeted investment facilitation. By channeling members’ operational pain points into coordinated policy asks, the Working Group will accelerate reforms that directly lower costs and speed market entry for European and local firms alike.
The Logistics Working Group will be focusing on issues, not limited to, tackling multimodal connectivity, customs and port efficiency, and infrastructure modernisation with a clear advocacy focus. With Maersk and APL (Bangladesh) Pvt. Ltd. – CMA CGM Group and a POC network already established, the Working Group will push digitised clearance, better port utilisation, and multimodal pilot solutions to strengthen supply‑chain reliability and reduce transit times and many other issues with the help of its members.
We invite companies whose work aligns with any of these groups to join the effort. Please contact our info desk for more information and guidance on joining the working groups by nominating a representative, proposing issues, or volunteering as a co‑lead. With strong leads, active member engagement, and delivery‑focused tools in place, the Working Groups are ready to convert collaboration into measurable policy wins and business outcomes.
Sirajam Munira Binte Hafiz
Operations | EuroCham Bangladesh
EuroCham Events
Driving Sustainable Action: EuroCham Bangladesh at the Launch of Team Europe Initiative on Climate and Energy
On 9 October 2025, EuroCham Bangladesh participated in the launch of the Team Europe Initiative (TEI) on Climate and Energy in Bangladesh, a landmark effort by the European Union as part of its Global Gateway initiative, pledging over €3.7 billion (approximately BDT 525 billion) to accelerate the country’s transition toward sustainable energy and climate resilience.
The event, held in Dhaka and organized by the European Union Delegation to Bangladesh, brought together high-level representatives from the European Union, EU Member States, European financing institutions, EuroCham Bangladesh – working collectively under the Team Europe banner and in close partnership with the Government of Bangladesh.
A Shared Commitment to Climate Resilienc
The initiative aims to support Bangladesh in modernising its energy sector—through investments in renewable energy, energy efficiency, and grid upgrading—while also strengthening climate adaptation and resilience, including water management and climate-smart livelihoods.
EU Ambassador H.E. Michael Miller underscored the importance of embedding decarbonisation and climate resilience into national policies and highlighted the critical role of private sector investment alongside public financing. “To mobilise investments, we will need continued efforts to restore good governance and ensure a level playing field so that EU economic operators may compete on the basis of commercial merit,” he noted.
He further pointed to the role of the EU Global Gateway and the forthcoming Green Bond Initiative in Bangladesh as tools to attract sustainable private investments aligned with the Paris Agreement and SDG commitments.
High-Level Participation and European Partnership
The event was addressed by Ms. Syeda Rizwana Hasan, Hon’ble Adviser to the Ministry of Environment, Forest and Climate Change and the Ministry of Water Resources, who reaffirmed Bangladesh’s urgent need for adaptation support and affordable climate financing. “If the 1.5°C target is not maintained, adaptation will not be enough for countries like Bangladesh,” she cautioned.
Other distinguished speakers included:
- H.E. Michael Miller, EU Ambassador to Bangladesh
- H.E. Dr. Rüdiger Lotz, Ambassador of Germany to Bangladesh
- H.E. Joris van Bommel, Ambassador of the Netherlands to Bangladesh
- H.E. Jean-Marc Séré-Charlet, Ambassador of France to Bangladesh
- Ms. Diana Acconcia, Director for International Affairs and Climate Finance, European Commission
- Mr. A.K.M. Sohel, Additional Secretary, Economic Relations Division, Ministry of Finance
- Ms. Nuria Lopez, Chairperson of EuroCham Bangladesh
Representatives from Denmark, France, Germany, Italy, the Netherlands, Spain, Sweden, Norway, and Switzerland also joined, reflecting the strong collective European commitment to Bangladesh’s sustainable growth agenda.
EuroCham’s Role in Advancing the Green Transition
As the umbrella platform representing European businesses in Bangladesh, EuroCham Bangladesh is proud to be part of this transformative initiative. In her remarks, EuroCham Chairperson Ms. Nuria Lopez emphasised the importance of collaboration between the public and private sectors to unlock innovation, finance, and technology transfer that will underpin Bangladesh’s green transition.
“The EU private sector is fully committed to the climate goals of the European Union and stands ready to work hand in hand in close partnership to achieve them,” Ms. Lopez stated, welcoming the EU’s enhanced focus on climate mitigation and adaptation in Bangladesh.
She also highlighted two key priorities for EuroCham’s engagement: supporting SMEs in becoming active contributors to the green transition, and branding Bangladesh in Europe to attract greater investment interest.
“We want to make sure that small and medium-sized enterprises are fully part of this climate adaptation initiative. Too often SMEs think climate action is only for the big players, but in reality, they are essential to the success of the green transition,” she said.
“We also need to make sure that European companies understand the potential of Bangladesh. We need to brand Bangladesh in Europe—to tell them what’s happening here, the opportunities that exist, and that now we have an institution like EuroCham that will be here to guide and support them,” she added.
Through this engagement, EuroCham reaffirmed its commitment to drive green investment, renewable energy solutions, and sustainable business practices in alignment with the EU Green Deal and Bangladesh’s climate ambitions.
Towards a Greener Future
The Team Europe Initiative on Climate and Energy—co-chaired by Germany, France, the Netherlands, and the EU—represents one of the most comprehensive European partnerships in Bangladesh’s climate and energy landscape. With its five strategic pillars—climate-smart governance, resilience, mitigation beyond energy, green energy finance, and innovation—the initiative aligns closely with Bangladesh’s Vision 2041 and commitments under the Paris Agreement.
As the global community prepares for COP30, the TEI launch marks a pivotal moment for Europe–Bangladesh cooperation, setting a course for a greener, more inclusive, and climate-resilient future.
(Sources: EuroCham Bangladesh, German Embassy Dhaka (Facebook post, 13 October 2025), European Union in Bangladesh (Facebook post, 12 October 2025), The Daily Star)
Nujhat Anjum Silva
Operations | EuroCham Bangladesh
Dialogue on Bangladesh’s Interest to Seek Free Trade Agreement (FTA) with the EU, Organised by the Ministry of Commerce
On 16 October 2025, EuroCham Bangladesh along with the European Union (EU) Delegation to Bangladesh, attended a high-level Dialogue on the Free Trade Agreement (FTA) and Comprehensive Economic Partnership Agreement (CEPA) between Bangladesh and the EU, organised by the the Ministry of Commerce at the Bangladesh Secretariat, Dhaka.
The discussion brought together representatives from key ministries, regulatory bodies, and trade associations—including the Bangladesh Investment Development Authority (BIDA), National Board of Revenue (NBR), Bangladesh Trade and Tariff Commission and BGMEA. Mr. Abu Said Belal, Trade Adviser of EU delegation to Bangladesh and. Ms. Nuria Lopez, Chairperson of EuroCham Bangladesh, represented the EU and the European business community in the session. The meeting aimed to present a position paper prepared by the Bangladesh Trade and Tariff Commission and to gather insights and feedback from key stakeholders.
The Government of Bangladesh (GoB) has expressed strong interest in signing a Comprehensive Economic Partnership Agreement (CEPA) after assessing trade feasibility with the EU and analyzing trade data. This initiative reflects Bangladesh’s ambition to secure a competitive trade position, particularly as Vietnam—already an FTA partner of the EU—and India—currently negotiating one—advance in this area. EuroCham welcomed this forward-looking move but also reminded that the journey toward a full-fledged FTA or CEPA is a lengthy and technically demanding process that will require addressing customs and tariff issues, ensuring the protection of intellectual property, advancing labor conditions to international standard, guarantee enforcement of rules and regulations and most importantly address the trade deficit with the EU. EuroCham also suggests that Bangladesh must uphold EU standards and create an enabling environment for EU businesses. Since the free trade agreement benefits Bangladesh most, it should foster a win-win by safeguarding EU interests.
While EuroCham supports this long-term goal, it emphasized that, in the nearer term, more pressing priorities include securing extensions of LDC graduation facilities, obtaining GSP+ status, and ensuring adequate safeguard thresholds during the transition period.
GSP+ Transition and Policy Pathways
Discussions focused on Bangladesh’s transition from the Everything But Arms (EBA) scheme to the GSP+ regime, addressing challenges related to export share thresholds, concentration limits, and compliance with the required international conventions under GSP+. Experts noted that Bangladesh currently exceeds several key thresholds and faces Rules of Origin (RoO) constraints—particularly within the Ready-Made Garments (RMG) sector.
Participants explored several strategic policy options, including:
- Proposing an extended 5–6 year transition period post-graduation to allow smoother adjustment to GSP+ compliance;
- Initiating early dialogue with the European Commission on transition flexibility and potential special clauses;
- Preparing the foundation for a long-term FTA or CEPA framework to deepen trade, investment, and policy cooperation between Bangladesh and the EU.
The dialogue drew comparative lessons from Vietnam’s FTA experience and Pakistan’s GSP+ trajectory, emphasizing the importance of proactive negotiation, institutional readiness, and export diversification.
Nujhat Anjum Silva
Operations | EuroCham Bangladesh
Strengthening Dialogue with EU Institutions: EuroCham Bangladesh Chairperson’s Visit to Brussels
During a visit to Brussels from 2 to 3 October 2025, EuroCham Bangladesh Chairperson Nuria Lopez held a series of high-level meetings aimed at strengthening EuroCham’s engagement with key European institutions on trade, regulatory, and post-LDC transition matters relevant to Bangladesh. During the visit, she met with Charles Whiteley, Head of Division for South Asia (POL.ASIAPAC.6) at the European External Action Service (EEAS) and former EU Ambassador to Bangladesh, as well as with the Directorate-General for Trade (DG Trade) of the GSP+ Team under the European Commission’s Trade and Economic Security Department. The discussions focused on gaining a deeper understanding of the evolving GSP+ framework and its potential implications for Bangladesh, reinforcing EuroCham’s continued efforts to foster dialogue and collaboration with EU institutions on issues critical to the country’s future trade landscape.
On 2 October, during her meeting with Charles Whiteley, Ms. Lopez and Mr. Whiteley exchanged views on Bangladesh’s evolving political and regulatory landscape, highlighting opportunities for closer cooperation and acknowledging the country’s ongoing efforts to progressively align with EU standards and best practices.
Media Source: European Union, EuroCham Bangladesh
On 3 October, Ms. Lopez, accompanied by Dr. Rubana Huq, former President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), visited the DG Trade. The meeting focused on understanding the forthcoming GSP+ regulation and its implications for Bangladesh’s post-LDC market access. Ms. Lopez reiterated EuroCham’s intention to engage closely with EU institutions to gain deeper clarity on the new framework, particularly regarding the stringent safeguard thresholds that Bangladesh may find challenging once the regulation is implemented. She noted that while the transition period following graduation will provide some flexibility, it is crucial to pursue proactive and sustained advocacy well ahead of the deadline. The exchange with DG Trade reaffirmed EuroCham’s commitment to promoting practical and readiness-based solutions to help ensure Bangladesh’s future eligibility for GSP+, while further strengthening EuroCham’s visibility and credibility as a constructive voice on trade and sustainability within the EU–Bangladesh partnership.
These engagements reinforced EuroCham Bangladesh’s growing visibility and credibility as a constructive stakeholder within the EU–Bangladesh partnership, advocating for sustainable trade, responsible business practices, and an inclusive path toward long-term market access.
Nujhat Anjum Silva
Operations | EuroCham Bangladesh
EuroCham Bangladesh Attends German Embassy Reception in Honor of Johann Saathoff, Parliamentary State Secretary for Economic Cooperation and Development
On 27 October 2025, EuroCham Bangladesh attended a reception hosted by the Embassy of the Federal Republic of Germany in Dhaka, in honor of the visit of Mr. Johann Saathoff, Parliamentary State Secretary to the German Federal Ministry for Economic Cooperation and Development (BMZ) and Member of the German Bundestag.
The event, organized by Ambassador H.E. Dr. Rüdiger Lotz and Mrs. Ivana Lotz, brought together a wide range of guests including representatives from the Government of Bangladesh, KfW Development Bank, GIZ, EU Member State embassies, multilateral organizations, and private sector partners—all key stakeholders in advancing Germany’s and the EU’s development cooperation with Bangladesh.
In his remarks, Mr. Saathoff reflected on over five decades of strong bilateral friendship between Germany and Bangladesh, emphasizing Germany’s continued commitment to supporting Bangladesh’s sustainable development and humanitarian priorities.
The Federal Ministry for Economic Cooperation and Development (BMZ) is a German cabinet-level ministry responsible for developing and implementing Germany’s development policy, which focuses on improving living conditions in developing countries through international cooperation. Focus areas include strengthening human rights, fighting hunger and poverty, protecting the climate and biodiversity, improving health and education, and promoting gender equality. Through its partnerships, BMZ promotes economic resilience, social progress, and sustainable growth in partner countries—including Bangladesh, one of its longstanding development partners.
Germany reiterated its commitment to advancing joint priorities—including the green transition, skills development, and inclusive growth—further strengthening its long-standing partnership and support for Bangladesh’s sustainable future. (Source: EuroCham Bangladesh, German Embassy Dhaka (Facebook post, 30 October 2025)
Nujhat Anjum Silva
Operations | EuroCham Bangladesh
EuroCham Bangladesh Meets with the Embassy of Denmark and the Embassy of France in Dhaka
In October, EuroCham Bangladesh held meetings with the Embassy of Denmark and the Embassy of France in Dhaka to discuss core activities of the chamber and explore opportunities for collaboration. The visits focused on identifying areas of partnership in policy advocacy, trade facilitation, and investment promotion, particularly with the LDC graduation on the horizon.
EuroCham met with H.E. Christian Brix Møller, Ambassador of Denmark to Bangladesh; Ms. Nadia Itani, Head of Trade and Commercial Affairs; and Ms. Samina Ahsan Shahrukh, Senior Trade Adviser on 29 October, 2025.
On 30 October 2025, EuroCham met with H.E. Jean-Marc Séré-Charlet, Ambassador of France to Bangladesh, and Mr. Yann Riegel, Deputy Head of the Economic Department.
In both meetings, discussions centered on EuroCham’s current policy advocacy priorities, including the work of its Working Groups, plans to pursue reducing the Non-Tariff Barriers, ongoing government reform dialogues, and preparedness for Bangladesh’s LDC graduation. Discussions focused on united efforts for results-oriented negotiations with the Government of Bangladesh to advance shared objectives such as improving the eco-system for European businesses, fostering transparent and efficient trade processes, and encouraging sustainable foreign investments.
The Embassy of France underscored the importance of strengthening trade partnerships between the European Union and Bangladesh, reaffirming EuroCham’s pivotal role in this endeavor. The recently appointed Ambassador also highlighted the EU’s role as a reliable partner for Bangladesh, contributing to export success, economic growth, and job creation. In this regard, he reiterated the need for transparency, reciprocity, and a level playing field in future economic relations, expressing confidence that, with EuroCham’s engagement, the partnership between the EU and Bangladesh will continue to flourish on the basis of mutual benefit and respect.
The Embassy of Denmark highlighted the work of the Trade Council of Denmark, which operates under the Danish Ministry of Foreign Affairs to assist Danish companies in exporting to and establishing operations in Bangladesh. The Trade Council focuses on key sectors such as energy, water solutions, green transition, agriculture, and sustainability—areas that closely align with EuroCham’s advocacy priorities. This alignment opens the door for future cooperation to promote best practices and innovative solutions in these sectors.
The engagements with the embassies marked an important step toward deepening the concerted effort of the European diplomats and private sector in Bangladesh – reinforcing EuroCham’s role as a platform for dialogue and partnership between the European delegations, business community and the Government of Bangladesh. Nujhat Anjum Silva
Operations | EuroCham Bangladesh
Upcoming Events
Corporate Futsal tournament, organized by Spellbound, EuroCham as strategic partner.
EU–BIDA Dialogue on Business Climate 2025
BIDA, the EU Delegation, EU Member States, and key EU businesses are joining forces on 1 December 2025 for the EU–BIDA Dialogue on Business Climate at the BIDA premises. The dialogue will be supported by the Embassy of the Kingdom of the Netherlands and facilitated by EuroCham Bangladesh. It aims to deepen understanding of ongoing reforms, identify interventions needed to build a more competitive ecosystem for European investors, and lay the groundwork for a successful EU–Bangladesh Business Forum in 2026. Bringing together government regulators, EU missions, and private sector representatives, the event reflects a unified ‘‘Team Europe’’ approach to promoting transparency, investment facilitation, and a more balanced trade partnership between the EU and Bangladesh.
EuroCham Member’s Highlights
LafargeHolcim hosts “Aggregates Key Partners’ Meet 2025” in Dhaka
LafargeHolcim Bangladesh PLC. (LHB) successfully hosted the Aggregates Key Partners’ Meet 2025 at Le Meridien, Dhaka recently, bringing together its valued partners to celebrate a journey of collaboration, achievements and future aspirations in the Aggregates Business of Bangladesh.
The grand event, held on Saturday, 13th September 2025, honored twelve partners for their outstanding performance in 2024. The awardees included Crown Cement PLC, Premier Cement Mills Ltd, Aman Cement Mills Ltd, M/S Amir Engineering Corporation, Nation Tech Communications Limited, Hego Mir Akhter Joint Venture Ltd, ABC Building Products Ltd, Concord Ready Mix and Concrete, CDC Concrete Ltd, M/S Riashad Stone Processing Plant, M/S Juhan Construction, and M/S Bhai Bhai Enterprise. The evening was further enriched with a vibrant cultural program, creating a memorable celebration of collaboration, achievement, and shared progress.
Reflecting on the occasion, Mohammad Iqbal Chowdhury, Chief Executive Officer of LHB, said “The Aggregates Key Partners’ Meet 2025 was a celebration of our shared success. Our journey in Aggregates has been made possible by the trust and contributions of our partners and together we have set new benchmarks of growth. This event reaffirmed our collective commitment to building a stronger, sustainable future for the building material industry. We have received an overwhelming response from our customers, which has encouraged us to actively consider expanding our Aggregates project in the near future.”
Sharing his thoughts, Neel Azevedo, Business Development Director of LHB, added “We are truly grateful for the dedication and support of our partners. Their contribution has been integral to the success of LHB’s Aggregates Business in Bangladesh. This gathering was not only about celebrating past achievements but also about strengthening the bonds that will drive us to the next level of growth.”
The owner of M/S Amir Engineering Corporation has expressed his satisfaction, sharing that they can now access high-quality Aggregates with ease and reliability. They value the consistency of the product quality, the convenience of local sourcing and the assurance that it meets international standards helping them in reducing dependency on imports while saving both time and cost.
The event underscored LafargeHolcim’s vision of growing together with its partners, while reinforcing its position as a leader in sustainable building material solutions in Bangladesh.
LafargeHolcim Bangladesh (LHB) sources world-class limestone the basic raw material for Aggregates from its own quarry in Meghalaya, India. This high-quality limestone is transported seamlessly across the border through a 17-kilometer-long belt conveyor, directly to LHB’s integrated building material plant in Chhatak. With an investment of USD 9 million, LHB has set up a state-of-the-art Aggregates manufacturing plant within the premises of its Chhatak plant. At present, Bangladesh imports nearly 50 million tons of Aggregates annually. By producing clear-sized graded Aggregates locally, LHB is not only ensuring production of world class quality Aggregates but also supporting the Government’s efforts to save a significant amount of foreign currency for the country.
Arla Foods Bangladesh Inaugurates New Office to Support Growth and Collaboration
Arla Foods Bangladesh, a subsidiary of the global dairy cooperative Arla Foods, has inaugurated its new corporate office in Tejgaon, Dhaka on October 26, 2025, underscoring its long-term commitment to sustainable business practices and European investment in Bangladesh.
The new office is designed to foster collaboration, innovation, and employee well-being, while aligning with Arla’s global sustainability ambitions. Energy-efficient systems, flexible workspaces, and inclusive design elements reflect the company’s dedication to building a climate-smart and responsible dairy sector.
“This new space is a testament to our continued investment in Bangladesh and our belief in the country’s potential as a key growth market,” said Laurent Ponty, Managing Director of Arla Foods Bangladesh. “It also reflects our ambition to lead with purpose, delivering affordable nutrition while advancing sustainability and inclusion.”
As a member of the European business community, Arla Foods Bangladesh’s expansion reinforces the role of responsible European investment in supporting Bangladesh’s development goals and fostering knowledge exchange, innovation, and long-term partnerships.
Officially starting its operation in 2013, Arla Foods Bangladesh is the producer of the country’s most loved dairy Brand DANO providing access to affordable dairy nutrition to millions of Bangladeshis annually. Its current portfolio includes milk powder brands Dano Delight, Dano Power, Dano Daily Pushti and Arla Eazy.
Circular Textiles in Bangladesh: DBL Group Leading the Way
Could Bangladesh’s textile industry save over 16.7 billion liters of water in a year? In 2024, DBL Group proved it could—showcasing how circular textiles are transforming one of the country’s most vital sectors.
As a key economic driver, Bangladesh’s textile industry has long faced challenges like excessive water use, waste generation, and carbon emissions. However, DBL Group is redefining sustainability through innovative recycling, resource efficiency, and social inclusion—setting global benchmarks along the way.
Global Momentum for Circular Textiles
The global fashion and textile industry is shifting toward circularity, aiming to reduce waste, pollution, and emissions. Frameworks like the Ellen MacArthur Foundation’s Circular Economy Model promote designing out waste, keeping materials in use, and regenerating natural systems. The EU Circular Economy Action Plan (2020) and the Global Fashion Agenda’s 2025 Commitment further encourage scaling up recycled materials.
These global standards have created momentum—and DBL Group is not only aligning with them but also exceeding expectations.
Pioneering Sustainability at Scale
Since its founding in 1991, DBL Group has grown into a $1+ billion conglomerate employing over 50,000 people. Today, it leads the charge in Bangladesh’s circular textile movement, achieving impressive milestones:
Recycled Materials:
In 2023, DBL used 1,256,000 kg of recycled cotton, increasing to 1,728,500 kg in 2024. These materials were incorporated into high-quality products such as Cotton Neppy Mélange and snow-effect fabrics.
Resource Conservation:
DBL saved 115 million litres of water & 45.2 million of MJ of energy in 2023, rising to 159 million litres of water & 62.2 million MJ of energy in 2024. These efforts reduced 2,223 tons and 3,059 tons of CO₂ emissions respectively—contributing directly to UN Sustainable Development Goal 12 (Responsible Consumption and Production).
Innovative Processes:
DBL introduced “Yarn for Loop and Brush Use,” which cuts raw material usage by up to 60%. Their subsidiary, Matin Spinning Mills produced 30,560 kg of poly-cotton yarns (40% polyester) and 164,171 cotton-polyester Terry products (20% polyester) in 2024 alone.
Aligned with the Global Recycled Standard (GRS) and partnered with global brands like H&M, PUMA and C & A, DBL continues to lead through action and collaboration.
Setting Local Standards with Global Impact
In Bangladesh, where the textile sector accounts for a large portion of GDP, DBL goes beyond typical industry practices. While many factories focus on wastewater treatment, DBL has implemented comprehensive recycling systems that turn over 1.7 million kilograms of cotton waste into premium fabrics.
DBL collaborates with organizations like UNIDO’s Switch2CE Program and the CREATE Project at Ahsanullah University, promoting blended fiber recycling tailored for local conditions and scalable across the industry.
Social Sustainability: Empowering Communities
True sustainability includes social equity, and DBL integrates this into its operations:
- The Female Supervisor Leadership Program generates $11 million in annual revenue while advancing gender diversity. (Since 2012)
- The Mothers@Work initiative, developed with UNICEF, supports maternal & child health and workplace inclusivity. (Since 2016)
- The Bandhan Fair Price Shop provides affordable essentials to workers, and the Disability Inclusion Program ensures fair opportunities for differently abled employees. (Since 2008)
These efforts align with the G7 2XChallenge, promoting women’s economic empowerment globally.
International Recognition and Industry Leadership
DBL’s work has earned global acclaim:
- UN Global Compact SDG Pioneer (2023) in the Circular Economy Category
- PUMA Sustainability Award (2019)
- UN Global Compact SDG Pioneer (2023) in Empowerment of Working Women Category
- H & M Sustainability Award (2016)
- Featured in UN global Compact’s SDG Industry Matric & the World Economic Forum’s Future Readiness of SMEs Report
With a CDP score of “B-”, higher than the regional average, DBL demonstrates strong environmental transparency and performance.
The Road Ahead
DBL Group’s leadership in circular textiles offers a blueprint for sustainable transformation—not just in Bangladesh, but globally. By scaling up recycled materials, conserving resources, and investing in communities, DBL is setting new standards and inspiring others to follow.
Connecting Bangladesh with Speed & Reliability: CMA CGM Group
Connecting Bangladesh to the World with Unmatched Speed & Reliability
As your dedicated partner for Bangladesh, our comprehensive portfolio of six services—BBX, BBX2, BBX3, BBX5, BBX6, and BBX7—ensures your cargo connects seamlessly across Asia and beyond.
With reliable weekly sailings and extensive coverage across Asia, we ensure your cargo moves seamlessly to and from the region’s most critical ports.
Fast-track your cargo with our key routes BBX2 and BBX3:
Fast Speed: BBX2 and BBX3 services feature industry-leading transit of 14 days from Shanghai to Chittagong and 10 days from Shekou to Chittagong, respectively.
Unmatched Reliability: Weekly sailings and enhanced schedule stability minimize delays and give you peace of mind.
Textile Industry Edge: Gain a competitive advantage with reduced lead times and a stronger foothold in this fast-moving sector.
With CNC’s Bangladesh services, you gain both speed and coverage, ensuring your cargo arrives on time, every time.
Learn more here: https://lnkd.in/ghdu_NMC
Rahman’s Chambers: Recent Highlights and Achievements
Rahman’s Chambers stands as a pillar of legal excellence in Bangladesh, blending a century-long family heritage in law with the dynamism of a modern, full-service Chambers established in 2006. Consistently recognized for market-leading expertise by prestigious directories like Chambers and Partners, the Chambers offers a unique value proposition for domestic and international clients. With five offices nationwide and nine specialized departments, it provides comprehensive legal services, combining deep local insight with global service standards. The Chambers has recently achieved significant milestones in complex dispute resolution, renewable energy projects, and international collaborations.
Rahman’s Chambers, Barristers & Advocates, is honored to announce its prominent feature in USA TODAY’s international publication, “Bangladesh at the Crossroads: An Investor’s Gateway to Sustainable Growth.” This prestigious report chronicles Bangladesh’s transformative journey into a resilient hub for innovation and sustainable investment, supported by robust legal and institutional frameworks.
The feature specifically commends Rahman’s Chambers for our instrumental role in this progress. We are recognized for providing expert counsel to a diverse international clientele from the US, UK, Europe, and Asia, seamlessly guiding them through all stages of investment. The report highlights our firm’s success in identifying untapped opportunities in high-growth sectors such as small-scale engineering, furniture manufacturing, real estate, and agro processing, thereby reinforcing Bangladesh’s stable and promising business climate.
Our firm remains committed to encouraging global investors to look beyond outdated perceptions and experience firsthand the safety, openness, and wealth of opportunities that define modern Bangladesh. This recognition underscores our dedication to facilitating impactful and sustainable investment in the region. To read the full report please visit the following link:
https://rahmansc.com/wp-content/uploads/2025/10/Bangladesh_UsaToday-13sep.pdf
Recent Work Highlights
Labour, Employment Dispute Resolution
We have successfully represented our client, a Global Retail Giant, in a heavily contested trial of a Labour Court case filed by a former employee. The former employee alleged unlawful termination and sought reinstatement with back wages. Our legal team, led by Mr. Mohammed Forrukh Rahman and supported by Mr. Mohammad Amjad Hossain, Mr. Md. Tawhidul Hassan and Mr. Hridoy Sarkar, successfully conducted the case and argued that the termination was a simple termination, executed in full compliance with the Bangladesh Labour Act, 2006. We demonstrated that our client had provided the employee with all her rightful dues and that the termination was not preceded by any malice.
The full bench of the labour court accepted our arguments, dismissing the ex-employee’s claims. This judgment reaffirms that a simple termination, when carried out in accordance with the law and without any ill motive, is a valid exercise of an employer’s rights. We are proud to have successfully defended our client’s position and secured this favorable outcome.
Rahman’s Chambers has recently represented the Bangladesh Container Shipping Association (BCSA), the representative body of shipping agents handling over 90% of the country’s containerized cargo. The representation was in Writ Petition No. 16864 of 2025, a legal challenge filed against the controversial new Chittagong Port Authority (CPA) Tariff Schedule, identified as S.R.O. No. 364-Ain/2025. This new schedule, which took effect on October 15, 2025, imposes an unprecedented and unreasonable increase in operational costs, estimated by BCSA at nearly 70% overall.
The motion hearing was conducted by our Head of Chambers, Mr. Mohammed Forrukh Rahman, Advocate, Appellate Division, Supreme Court of Bangladesh. Mr. Rahman argued on behalf of BCSA that the tariff hike is manifestly unreasonable given the port’s operational deficiencies and that the implementation process was flawed, violating mandatory statutory notice periods required under the Ports Act, 1908. Following the hearing, the Hon’ble Bench comprising Justice Ms. Kazi Zinat Hoque and Justice Ms. Aynun Nahar Siddiqua took cognizance of the challenge. Upon hearing the Hon’ble Court was pleased to issue a Rule Nisi calling upon the Respondents including the Ministry of Shipping, the Ministry of Finance, and the Chittagong Port Authority to show cause as to why the impugned S.R.O. should not be declared illegal and without lawful authority. The issuance of this Rule signifies that the Court has found a prima facie (on its face) arguable case challenging the legality of the new tariff.
Furthermore, the Court specifically directed the Senior Secretary, Ministry of Shipping (Respondent No. 2), and the Chairman, CPA (Respondent No. 4), to dispose of BCSA’s letter dated October 14, 2025, within 15 days. This letter contained BCSA’s comprehensive objections and demand for the immediate cancellation of the impugned SRO.
This significant legal challenge was covered by several national media outlets, including Jamuna TV, The Daily Star, Bangla News 24, etc.
See news coverage:
- Jamuna TV: https://youtu.be/p_tnkIoIpcQ
- The Daily Star: https://share.google/1DeRP6Y75fBdGtUTA
- Investor–State Arbitration 2025: A Chambers Global Practice Guide
Rahman’s Chambers is proud to announce that our legal experts have contributed and co-authored the definitive Bangladesh chapter for the prestigious Chambers and Partners Global Practice Guide: Investor–State Arbitration 2025. This highly respected guide provides essential, up-to-date legal commentary for in-house counsel and international investors navigating the complex landscape of investment treaties, dispute resolution, and arbitration frameworks in key jurisdictions.
Our team, led by our Head of Chambers Mr. Mohammed Forrukh Rahman and supported by Ms. Kamrunnaher Shimu and Mr. Salauddin Kader, authored both the “Law and Practice” and “Trends and Developments” sections. The “Law and Practice” guide offers a comprehensive overview of Bangladesh’s national position, relevant treaties, and procedural rules, while the “Trends and Developments” article provides expert analysis on the evolving nature of investor-state dispute settlement (ISDS) in the region.
This contribution underscores our firm’s market-leading expertise in international arbitration and our commitment to providing world-class legal insights. It reinforces our position as the go-to counsel for foreign investors seeking to understand and navigate the legal protections and dispute mechanisms available in Bangladesh. More details can be found in the following link:
https://practiceguides.chambers.com/practice-guides/investorstate-arbitration-2025/bangladesh
Trade and Business Statistics: Bangladesh Bank Data
