Doing Business in Bangladesh
EENI - Business School.
Subject (Course): International Trade and Business in Bangladesh.
Dhaka. Chittagong. Syllabus:
- Introduction to the People's Republic of Bangladesh.
- Bangladeshi Economy.
- Muhammad Yunus (Grameen Bank)
- International Trade of Bangladesh.
- Foreign Direct Investment (FDI) in Bangladesh.
- Doing Business in Dhaka and Chittagong.
- Business Opportunities in Bangladesh
- Information and communication technologies (ICT)
- Business Services.
- Garments and textiles sector.
- Companies in Bangladesh:
- Desh Group (Textile)
- Bangladeshi business conglomerate Group Walton.
- Bangladeshi Muslim Businesspeople:
- Mohammad Abdul Mannan
- Jahirul Islam (AFTAB Group)
- Samson H Chowdhury (Square).
- Salman F Rahman (Beximco Group)
- Access to the Bangladeshi market
- Business Plan for Bangladesh
Objectives of the subject “Doing Business in Bangladesh”:
- To analyse the Bangladeshi economy and foreign trade
- To evaluate business opportunities in Bangladesh
- To explore Bangladesh's trade relations with the student's country
- To know Bangladesh's Free Trade Agreements (FTAs)
- To examine the profile of Bangladeshi businesspeople and companies
- To develop a business plan for the Bangladeshi market
Salman F Rahman
Subject Description: Foreign Trade and Business in Bangladesh.
The People's Republic of Bangladesh.
- Bangladesh is one of the most densely populated countries in the World (167 million).
- Frontiers of Bangladesh: India and Myanmar.
- 98% of the people speak in Bangla language (official language).
- The capital of Bangladesh is Dhaka (7 million inhabitants)
- Area: 147,570 square kilometres
- The Government type: Bangladesh is a Parliamentary Republic
- Independence from Pakistan in 1971 (previously it was part of India)
The main religion in Bangladesh: Islam.
- 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).
- Bangladesh is a country with a Sunni Muslim majority, mainly
follow the Hanafi school of jurisprudence.
- Hindus (15 million, 9% of the population)
- Christians (1 million)
Bangladesh belongs to the Central Eurasian Economic Area of the Islamic Civilisation.
Muhammad Yunus (Bangladesh)
The economy of Bangladesh.
Bangladesh (Asia) is advantageously situated near to India, the People's Republic of China, and the Association of South-East Asian Nations (ASEAN) markets.
- The efficiency of the industrial sector in Bangladesh was principally based on
in textile and wearing apparel, petroleum products, drugs and pharmaceuticals, fertilizer, footwear, glass products, cement, electronics, and food and beverage industries.
- The service sector is the largest contributor to the real gross domestic product of Bangladesh.
- Agriculture in Bangladesh still holds an important position in their economy.
- The annual market size for information technology: computer hardware, peripherals, and software, was 25 million dollars.
- Currency: Taka (BDT)
- GDP (nominal): 118.7 billion dollars
- Agriculture: 17.3% of GDP
- Industry: 28.6%
- Services: 54.1%
- 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.
Foreign Trade of Bangladesh.
- 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.
- Main exports of Bangladesh: ready made garments, frozen foods (shrimps), leather, leather products, jute, jute products, tea, ceramic, textile fabrics, home textile, chemical product, light engineering products (bicycle).
- Major trade partners of Bangladesh: 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.
- Total imports of Bangladesh: 24 billion dollars
- Total foreign direct investment (FDI): 0.70 billion dollars
- Export Processing Zones are export-oriented industrial areas which supply: infrastructures, facilities, administrative and assistance services.
- 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 member countries of the South Asian Free Trade Area (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, international trade and 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).
- Free Trade Agreements with Pakistan, Sri-Lanka, India, Bhutan
- Asia-Pacific Trade Agreement (APTA)
- South Asian Free Trade Area (SAARC)
- Bay of Bengal Initiative (BIMSTEC)
- Indian-Ocean Rim Association (IORA)
- Trade Preferential System of the Organisation of Islamic Cooperation (TPS-OIC)
- Asian Clearing Union (ACU)
- South Asia Subregional Economic Cooperation (SASEC)
- Generalised System of Preferences (GSP)
- Bangladesh-Nepal Trade Agreement
Bangladesh is a member of:
- Economic and Social Commission for Asia and the Pacific (ESCAP)
- Asian Development Bank
- Islamic Development Bank
- Organisation of Islamic Cooperation (OIC)
- Boao Forum for Asia
- Asia Cooperation Dialogue (ACD)
- Asia-Middle East Dialogue (AMED)
- Colombo Plan
- Africa-Asia Strategic Partnership
Sample of the subject - Doing Business in Bangladesh: