Bangladesh Export Import Business

Bangladesh is an agricultural country. The total cultivable area is around 23 million acres and there are a little more than 14.5 million cultivators. Major agricultural products are rice, jute, (the golden fiber), wheat, potato, pulses, sugarcane, tea tobacco etc. The country is the world's largest exporter of jute and jute goods. Tea is also one of the major foreign exchange earners. Bangladesh also exports frozen shrimps, frog legs and handicrafts. There has also been a rapid growth in manufacturing industries, which offer a wide range of exportable goods such as leather goods and ready-made garments. Within the last few years' remittances from Bangladeshis employed abroad have contributed largely toward foreign exchange earnings

Investment Opportunity in Bangladesh

Private investment from overseas countries is welcome in all most all areas of the economy. Such investment can be made either independently or through joint venture on mutually beneficial terms and conditions. In other words, 100 percent foreign investment is, however, specially desirable in the following areas:

Export - oriented industries;
Industries in the export processing zones;
High technology products which are either import - substitutes or export-oriented;
Undertaking in which more diversified use of indigenous natural resources is possible;
Basic industries, depending mainly on local raw materials;
Investment towards improvements in quality and marketing of goods manufactured and or ncrease f production capacities of existing industries;
Labour intensive/technology intensive/capital intensive industries

Despite shortcomings in economic development including inadequate power and gas, poor access to finance, corruption and poorly educated workers, Bangladesh is still a prospective country as per studies conducted by developed countries. Bangladesh was not affected by the recent economic slowdown worldwide and development partners often talk about our bright economic prospects. But we have some inherent weaknesses that might wash away these prospects. A joint survey conducted by the WB and International Finance Corporation found 15 weak areas in promoting trade, investment and commerce in the country. The survey identified political uncertainty as one of the major areas of concern among businessmen.

Encouraging is the fact as revealed in the survey that manufacturing firms in the country outperform firms worldwide in terms of capacity utilization which is measured as the firm’s output produced as a proportion of the maximum output possible using available resources. Capacity utilization for Bangladeshi firms is 84 percent on an average whereas it is 73 percent for most of the countries across the world. Bangladesh being an Asian country still holds economic importance as the world economy is becoming increasingly pro-Asian. As external trade plays a vital role in the economy of the country it is not possible to continue forward march in economic development ignoring the weaknesses in trade and commerce. Peaceful and healthy economic environment is the prerequisite to identify the strengths and weaknesses in an economy and to find out effective ways to fully utilise its potentials.

Bangladesh Commerce ministry

National Board of Revenew

ClickBD - The Largest E-commerce Site in Bangladesh ...

Export Promotion Bureau, Bangladesh

Chittagong Custom House

No 1 Sea port of Bangladesh -Chittagong(CPA)

Very Important Links

	Bangladesh Country Profile			Bangladesh Missions Abroad
	Bangladeshi Exporters			Bangladesh Export Directory
	Bangladesh EPZ			CIP Application Form
	Complience Monitoring Cell (CMC)			Citizen Charter
	Consuls/Consuls General in Bangladesh			Export Policy
	Exportable Products			Export Trend
	Export Releated Organization			Export Trophy
	Foreign Missions in Bangladesh			Industrial Policy
	Specimen Signature