"Low production cost is the main reason for which Bangladesh is sustaining its export growth to the USA and European Union (EU) despite the fact that COVID and the war between Russia and Ukraine have severely affected the world, including Bangladesh," BGBA president Kazi Iftekher Hossain said in the statement.
The same bleak economic situation continues in other non-traditional markets as well, he said.
The government on January 18 had raised gas tariff to Tk 30 per cubic metre for small and cottage industries, and captive, small and merchant power plants from Tk 10.78 and Tk 16 respectively. Big industries are required to pay bigger gas bills.
ALCHEMPro News Desk (DS)
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