Business in Bangladesh

EENI- School of International Business

Subject: Doing Business in Bangladesh. Dhaka. Chittagong. Syllabus:

  1. Introduction to the People's Republic of Bangladesh
  2. The Bangladeshi Economy
  3. Muhammad Yunus (Grameen Bank)
  4. The International Trade of Bangladesh
  5. The Foreign Direct Investment (FDI) in Bangladesh
  6. Doing Business in Dhaka and Chittagong
  7. Business Opportunities in Bangladesh
    1. Agribusiness
    2. Electronics
    3. Information and communication technologies (ICT)
    4. Business Services
    5. Garments and textiles sector
  8. Companies in Bangladesh:
    1. The Desh Group (Textile)
    2. The Bangladeshi business conglomerate Group Walton
  9. Bangladeshi Muslim Business People:
    1. Mohammad Abdul Mannan
    2. Jahirul Islam (AFTAB Group)
    3. Samson H Chowdhury (Square)
    4. Salman F Rahman (Beximco Group)
  10. Access to the Bangladeshi market
  11. Business Plan for Bangladesh

The objectives of the subject “Foreign Trade and Doing Business in Bangladesh” are the following:

  1. To analyse the Bangladeshi economy and foreign trade
  2. To evaluate the business opportunities in Bangladesh
  3. To explore Bangladesh's trade relations with the country of the student
  4. To know Bangladesh's Free Trade Agreements (FTAs)
  5. To examine the profile of the Bangladeshi business people and companies
  6. To develop a business plan for the Bangladeshi market
The subject “Doing Business in Bangladesh” is studied...
  1. Masters: International Business, Muslims Countries, Asia, Emerging Markets
  2. Doctorates (Online): Islamic Countries, Asia

Course learning materials in English or Spanish Bangladesh French Bangladesh

  1. Credits of the subject “Foreign Trade and Doing Business in Bangladesh”: 2 ECTS Credits
  2. Duration: two weeks

Master and Doctorate in International Business for the Bangladeshi Students.

Salman F Rahman
Salman F Rahman Bangladeshi Businessman

Description of the Subject: Foreign Trade and Doing Business in Bangladesh.

The People's Republic of Bangladesh.

  1. Bangladesh is one of the most densely populated countries in the World (167 million)
  2. Frontiers of Bangladesh: India and Myanmar
  3. 98% of the people speak in Bangla language (official language)
  4. The capital of Bangladesh is Dhaka (7 million inhabitants)
  5. Area: 147,570 square kilometres
  6. Government type: Bangladesh is a Parliamentary Republic
  7. Independence from Pakistan in 1971 (previously it was part of India)

The main religion in Bangladesh: Islam.

  1. Islam is the largest religion in Bangladesh; the Muslim population is about 149 million people (89.4% of the total population), the fourth-largest Muslim population in the World (after Indonesia, Pakistan, and India)
  2. Bangladesh is a country with a Sunni Muslim majority, mainly follow the Hanafi school of jurisprudence
  3. Hindus (15 million, 9% of the population)
  4. Christians (1 million)

Bangladesh belongs to the Central Eurasian Economic Area of the Islamic Civilisation.

Muhammad Yunus (Bangladesh)
Muhammad Yunus Bangladeshi Businessman

The Economy of Bangladesh.

Bangladesh (Asia) is advantageously situated near to India, the People's Republic of China, and the Association of Southeast Asian Nations (ASEAN) markets.

  1. The efficiency of the industrial sector in Bangladesh was principally based on the growth in textile and wearing apparel, petroleum products, drugs and pharmaceuticals, fertilizer, footwear, glass products, cement, electronics, and food and beverage industries
  2. The service sector is the largest contributor to the real gross domestic product of Bangladesh
  3. The agriculture in Bangladesh still holds an important position in their economy
  4. The annual market size for information technology: computer hardware, peripherals, and software, was 25 million dollars
  5. Currency: Taka (BDT)
  6. GDP (nominal): 118.7 billion dollars
    1. Agriculture: 17.3% of GDP
    2. Industry: 28.6%
    3. Services: 54.1%
  7. GDP per capita: 2,000 USD

Desh Garments was the first export-oriented ready-made garment industry in Bangladesh. It was set-up in a joint venture with Daewoo of South Korea. Desh was the single biggest and most modern garment manufacturing unit in the sub-continent.

Walton HIL is the pioneer of Refrigerator, Freezer, Air Conditioner and Motorcycle Manufacturing Technology in Bangladesh.

The Foreign Trade of Bangladesh.

  1. The textiles and clothing industry is the largest export segment of Bangladesh. Their factories design and produce for the leading brands and retailers - distributors in the World
  2. The Main exports of Bangladesh are ready made garments, frozen foods (shrimps), leather, leather products, jute, jute products, tea, ceramic, textile fabrics, home textile, chemical product, light engineering products (bicycle)
  3. The largest trade partners of Bangladesh are the United States, the European Union (EU), the People's Republic of China, India, Pakistan, Japan, South Korea, Canada, Australia, Malaysia, Hong Kong, Taiwan, Thailand, Indonesia, Saudi Arabia, and the United Arab Emirates
  4. Total imports of Bangladesh: 24 billion dollars
  5. Total foreign direct investment (FDI): 0.70 billion dollars
  6. Export Processing Zones are export-oriented industrial areas which supply: infrastructures, facilities, administrative and assistance services
  7. Established under Investment Board Act 1989, the Board of Investment is the leading private investment promotion and facilitation agency of Bangladesh

Bangladesh's Free Trade Agreements (FTA).

As the South Asian Free-Trade Area (SAFTA) comes into force, foreign investors in Bangladesh will benefit from duty-free access to the Indian market and other SAFTA member countries (Afghanistan, Bhutan, Maldives, Nepal, Pakistan, and Sri Lanka).

Bangladesh started negotiation bilaterally to form Free Trade Agreements with India, Pakistan, and Sri-Lanka and recently, the international trade and the foreign direct investment framework agreement with the United States is also under active consideration of the Government. Bangladesh is a beneficiary of the European Union Generalised System of Preferences (GSP).

  1. Free Trade Agreements with Pakistan, Sri-Lanka, India, Bhutan
  2. Asia-Pacific Trade Agreement (APTA)
  3. South Asian Free-Trade Area (SAARC)
  4. Bay of Bengal Initiative (BIMSTEC)
  5. Indian-Ocean Rim Association (IORA)
  6. Trade Preferential System of the Organisation of Islamic Cooperation (TPS-OIC)
  7. Asian Clearing Union (ACU)
  8. South Asia Subregional Economic Cooperation (SASEC)
  9. Generalised System of Preferences (GSP)
  10. Bangladesh-Nepal Trade Agreement

South Asian Association for Regional Cooperation (SAARC)

Bangladesh is a member of:

  1. Economic and Social Commission for Asia and the Pacific (ESCAP)
  2. Asian Development Bank (ADB)
  3. Islamic Development Bank
  4. Organisation of Islamic Cooperation (OIC)
  5. Boao Forum for Asia
  6. Asia Cooperation Dialogue (ACD)
  7. Asia-Middle East Dialogue (AMED)
  8. Colombo Plan
  9. Africa-Asia Strategic Partnership

Samples - Business in Bangladesh

Asia-Pacific Trade Agreement APTA

Doing Business in Bangladesh

Asian Clearing Union (ACU)

Indian-Ocean Rim Association IORA

Bay of Bengal Initiative Economic Cooperation (BIMSTEC)

India-Bangladesh Free Trade Agreement

Bhutan-Bangladesh Free Trade Agreement

Trade Preferential System TPS Organisation of Islamic Cooperation



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