Readymade garment exporters of Bangladesh predict a robust $3 billion earning from their single largest market, USA, where they had already shipped apparels worth about $ 2.5 billion until October. Figures released by the US Department of Commerce recently showed that with about $280 million in October, Bangladesh’s apparel exports to USA during January-October period stood at $2,485 million.

President of ICC Bangladesh Mahbubur Rahman urged the professionals for in-depth understanding of the changes that have taken place in the UCP 500, in order to avoid mistakes in documentary credits issued after introduction of UCP 600 in next July.

Monitoring and other follow-up measures are essential for the UN Convention against Corruption to be fully effective, the International Chamber of Commerce said at the first Conference of the States Parties to the convention.

ICC is pleased to announce the publication of the 2007 Revision of Uniform Customs and Practice for Documentary Credits, UCP 600, (ICC Publication No. 600).