Policy & Trend and Pattern of Export and Import with Special Reference to Bangladesh

Topics: International trade, Export, World Trade Organization Pages: 24 (8080 words) Published: November 10, 2012
Policy & Trend and Pattern of Export and Import with Special Reference to Bangladesh

Submitted to
Dr. Shah Md. Ahsan Habib
(International Business)

Submitted by
Sabina Yeasmin Romana

A fundamental change is occurring in the world economy. The process by which this is occurring is commonly referred to as globalization. We are moving away from national economy to world economy. Globalization & liberalization is the basis of international business. Globalization is the target & liberalization is the way to attain the target. Because of this process of globalization & liberalization there has been huge expansion of cross border transactions which is nothing but international business activities. A major portion of international business is played by Export and Import. International business is the performance of business activities across national boundaries. Every nation in the world participates in international business to some extent. Large companies as well as smaller firms sell their products throughout the world. A firm that decides to enter international trade must select as approach. It can be done in a number of ways; some require relatively low level of commitment, while others require much higher levels. Approaches to international business include exporting, licensing, joint ventures, trading companies, countertrading, direct ownership and multinational corporations. Most common and popular approach to international trade is Export and Import.


To discuss theoretical aspect of “Policy & Trend of export and import with special reference to Bangladesh” •To discuss Bangladesh aspect of “ Policy &Trend of export and import with special reference to Bangladesh” THEOPICTHEORETICAL ASPECTS OF THE TOPIC

The term policies contains policies in the sphere of Foreign trade i.e. with respect to import & export from the country and more especially export promotion measures, policies and procedure related there country. Export means selling abroad and import as bringing into a country, any goods and services. Trade policy governs exports from and imports into a country. It is one of the various policy instruments used by a country to attain her Goals of economic development. This policy is thus, formulated keeping in view, the national priorities for economic development and the international commitments made by the country. It is essential that the entrepreneurs and the export managers understand the trade policy as it provides the vital inputs for the formulation of their business growth strategies. Government control import of non-essential items through an import policy. At the same time, all-out efforts are made to promote exports. Thus, there are two aspects of trade policy; the import policy which is concerned with regulation and management of imports and the export policy which is concerned with exports not only promotion but also regulation. The EXIM Policy is the Export-Import policies regulating international commerce in Bangladesh.

The term export is derived from the conceptual meaning as to ship the goods and services out of the port of a country. The seller of such goods and services is referred to as an "exporter" who is based in the country of export whereas the overseas based buyer is referred to as an "importer". In International Trade, "exports" refers to selling goods and services produced in the home country to other markets. Any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade. Export goods or services are provided to foreign consumers by domestic producers. Export of commercial quantities of goods normally requires involvement of the customs authorities in both the country of export and the country of import. The great promise of exporting is that large revenue and profit...
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