More Export Indicates the Country Upwards in Economy
Export In Bangladesh
4/27/2013
More Export Indicates the Country Upwards in Economy
Submitted By:
Shaila Parvin
Roll no: 33
MBA
Department of International Business
University of Dhaka
Date of Submission:
27th April,2013
Introduction:
Bangladeshi international trade is extremely small relative to the size of its population, although it experienced accelerated growth during the last decade. It is not very diversified and depends on the fluctuations of the international market. The Bangladeshi government struggles to attract export-oriented industries, removing red tape and introducing various financial and tax initiatives. Between 1990 and 1995 Bangladesh
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* Special agricultural products, and rural industrial products. * High-Technology Products * Achieving quantum growth in exports under Erstwhile Target Plus Scheme * Removal of Quantitative Restrictions and Export Restrictions * Export Promotion of Capital Goods ( EPCG) Scheme * Duty Entitlement Passbook ( DEPB) * Advance License for Annual Requirements * Duty Free Replenishment Certificate ( DFRC) * Measures for reducing transaction costs & improving procedural simplification
COMMERCIAL RELATIONS AND TRADE AGREEMENTS:
The foreign relations of Bangladesh are the Bangladeshi government 's policies in its external relations with the international community. The country pursues a moderate foreign policy that places heavy reliance on multinational diplomacy, especially at the United Nations and World Trade Organization (WTO). Since independence in 1971, the country has stressed its principle of friendship towards all, malice towards none in dictating its diplomacy. In order to enhance trade, Bangladesh has associated with some Regional Trade Agreements. Some Bilateral Trade Agreements (especially with Pakistan, India and
Sri Lanka) are also in offing. The overviews of those agreements are as follows | | | | | | | | | SAARC Framework Agreement on Trade in Services (SAFAS) | The south Asian trading bloc SAFTA has attempted to expand its coverage
Size of population: Population of Bangladesh is increasing day by day and is projected to growing in the future. The growth and behavior of population can have significant effects on some industries e.g. food industries have increased over the last years in our country.
Foreign Policy, is government’s strategy in dealing with other nations, designed to achieve national objectives. America’s Foreign Policy is determined how America, conducts relations with other nations around the world. It is designed to achieve certain goals. It shows the power to protect and project America’s national interests around the world in political, economic, military, and ideological areas. America’s Foreign Policy today covers a wide range of functions and issues. It includes establishing and maintaining diplomatic relations with other countries and international organizations, peacekeeping functions, such as working with allies to assure regional and international security, furthermore, it covers a range of international economic
Have you ever thought about studying international relations? What is international relations? International relations is an interdisciplinary course which encompasses a lot of subjects such as history, economics, politics and sociology. One may argue that it is an intricate course; however, one has to bear in mind that international relations is a gratifying course which has a lot of benefits for those students who study international relations but in this essay only two major ones will be introduced.
Indian side notes that the current level of exports from India to Russia is far below potential. Major areas, where Indian exports to Russia can be improved are: agriculture and allied products - edible fruits & nuts, products of animal origin, Beverages(Tea and Coffee etc.) and Tobacco; animal and vegetable fats and oils; material based manufactures like metal and metal articles thereof (e.g. iron and steel and articles thereof); cotton and textiles including Ready Made Garments, manmade staple fibers and filaments; chemicals and plastics- organic and inorganic chemicals; machinery and transport equipment, etc. Indian exporters could also export certain niche products such as Tea, “processed fruit” products, dairy, including processed dairy products, meat products etc. In the case of pharmaceutical products and diagnostic equipment, for unusual reasons (linked to cost and the value of the distribution network used by Indian products) there are specific advantages in case of exports to
Bangladesh is producing majority of the retailers and brand owner apparel and receiving plenty capital; however, the economy shows no improvement. The economy should affect all people with the country. Workers lifestyle or living standards have not improved.
Nowadays, since the reform of WTO (World Trade Organization), trade barriers declined gradually over decades, in order to create more exchange between markets. Regulators from different governments had substantially focused on the same target, especially after 2008 worldwide financial crisis, to encourage more export from domestic producers.
International relations can be described as the particular study of the relationships that exist among various countries of the world (Tight 2005, 9). In this process, it focuses on the specific roles conducted by sovereign states, non-governmental organizations, multinational companies, internationally recognized non-governmental organisations as well as various inter-governmental organisations and groups.
The volumes of imports from SAARC countries as well as the exports of Bangladesh to
Bangladesh economy is primarily dependent on agriculture. About 84% 0f the total population lives in the rural areas and is directly or indirectly engaged in a wide range of agricultural activities. Agriculture contributes about 20.29% to the country’s GDP (23%) About 43.6% of the labor force is employed in agriculture with about 57% being employed in the crop sector.
Free Trade Area (SAFTA) comes into force, investors in Bangladesh will enjoy dutyfree access to India and other member countries.
A) Extravagant Government- NO TACTICAL AND EFFICIENT DEVELOPMENT POLYCY- rather Bangladesh government like to takes more
Bangladeshi-Japanese relations were established in February 1972. Japan is Bangladesh's 11th-largest export market; imports from Bangladesh make up 26% of all Japanese imports from the least developed countries, second only to those from Cambodia. Common imports from Bangladesh to Japan include leather goods, ready-made garments, and shrimp. By 2004, Japan had become Bangladesh's fourth-largest source of foreign direct investment, behind the, United Kingdom, and Malaysia. Japan's political goals in its relationship with Bangladesh include gaining support for their bid to join the United Nations Security Council, and securing markets for their finished goods.
This study aims to investigate the food, agriculture and economic situation of Bangladesh in some details. Although the country faces various problems in economic progress since the independent in 1971, in the last forty five years the increase of food production, economic development and poverty reduction of the country became remarkably. Bangladesh is a densely populated developing country in the southern Asia. The Government of Bangladesh is trying efficiently to reduce poverty of the country. In Bangladesh about 20% of the populations still live below the poverty line, heavily undernourished with inadequate access to safe and nutritious food for a healthy life. The data of the study were collected through the secondary sources of the country. In Bangladesh, during 2000 to 2005, income poverty reduced from 48.9% to 40.0% and 2010 to 2016 reduced from 31.50% to 20%. An attempt has been taken here to show the ways to increase food production and economic development of the country.
The best alternative would be improve the infrastructure, and increase the price of exporting, but still lower than any other country. Bangladesh would make a larger profit and could put more money on fixed and creating the ports and roads which in return will make it easier for the buying countries. If the prices continue to stay low, the country may not have enough money for infrastructure. Bangladesh would have more money to help with the electricity outages which can also help business buy producing more and exporting more.
The potential areas for investment in Bangladesh include: agriculture, fisheries, agro-based industries, chemicals, light industries, natural gas and oil exploration, textile, tourism, energy sector, telecommunications, etc. Although the prospects for foreign investment in Bangladesh are otherwise bright, we have at the same time some barriers to investment. Such barriers include mainly