Foreign trade & Importance of Bangladesh
Socio monetary profiles of Bangladesh
School of Business Studies
Name: Ilen Hyder
BBA Batch: sixteenth (E)
Date of submission: 3rd Apr 2011
Primarily known as East Pakistan, Bangladesh is a poor country offering negative trade balance since its independence in 1971. The country's economy skilled vast improvement in the nineties. However , foreign trade in South Asian region still is an area or worry. The value of imports doubled among 1971 and 1991 as compared with the value of exports. The control deficit provides declined significantly owing to an increase in exports seeing that 1991. A better look at the transact statistics in the country discloses that in 1989-90, imports exceeded exports by 120%. This percentage came down to 56% in 1996 and 62% in 97. The economy of Bangladesh was at one time riding about jute, it is major generate. Unfortunately, the trend of polypropylene products across the globe led to a setback for the jute industry of Bangladesh. Importance and foreign trade condition is not so good in Bangladesh. Often times Bangladesh import many products from other countries. Through import and export one particular country can earn even more foreign currencies which might be helped to economic creation. Some countries they absolutely depends on import or foreign trade trade. So import and export is essential in our nation ever other folks countries.
The main channel pertaining to selling items in Bangladesh is through a local agent, i. e., an agent, flower nurseries or distributor. If certified, companies could use their neighborhood agents to service commercial consumers and suggest about government agreements. The agencies prefer to handle local firms acting because exclusive real estate agents or suppliers of foreign manufacturers and suppliers. Overseas firms must look into hiring a special agent/distributor to monitor these types of jobs. Agent-principle agreements can be either special or...