Preview

Assignment of Export Policy of Bangladesh

Powerful Essays
Open Document
Open Document
12785 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Assignment of Export Policy of Bangladesh
Chapter 1 Introduction

Bangladesh is a developing country, and the present government is striving relentlessly to attain rapid economic development in the country. Many programs taken so far have been carried out successfully. Despite a lack of resources faced by the government, development programs in the key sectors have continued. At the same time, considering the importance of the private sector, an all-out support is being provided to initiatives taken in this sector. As a result, a new kind of dynamism is under way in both the public and private sectors. In this backdrop, it is essential to examine various aspects of industrialization and its impacts on overall economic activities.

Today in the environment of global competition, the private sector is playing an important role in the industrialization of the country. Faced with the challenges of the free market economy and globalization, the government has accepted private ownership and management of industrial enterprises as one of the major guiding forces in achieving economic growth.
Besides this, the government has also brought about many constructive and timely reforms in the running of businesses, and liberalized trade so that private entrepreneurs can seize opportunities of establishing and running industrial enterprises profitably and freely.

To reduce poverty and generate employment opportunities, more efforts are needed to establish agro-based industries as well as to raise agricultural production.. This will ensure the protection and fair price of agricultural products and employment of a huge number of unemployed people. In order to create further employment opportunities beyond the agricultural sector, initiatives should be taken to set up small, medium and large industries across the country. If these types of industries are set up in a planned way, then unemployment rates will decline and poverty alleviation will be accelerated.



References: 3. If any provision of this policy is found inconsistent with any provisions of the Imports and Exports ( Control ) Act, 1950, or of the Import Policy Order, the Ministry of Commerce shall be entitled to amend, alter or modify such provision.

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Chapter 7 Marketing

    • 275 Words
    • 2 Pages

    It’s important because an Inadequate Infrastructure might constrain marketers plan to manufacture, promote, and distribute goods and services in a certain country…

    • 275 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Denver City Case Summary

    • 1102 Words
    • 5 Pages

    The book is organized through an introduction, four case studies, the creation of innovation districts, global trading networks or economic development, relationships among the federal government, states, and metropolitan areas, and five points guide to how policymakers, governors, or administrators can start off their own process.…

    • 1102 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Ambassador Nathan Irumba, Mission of Uganda and Representative of the Least Developed Countries (LDC) at the WTO. Speech delivered on 11 April, Geneva, cited in South Bulletin 33, 15 April, 2002.…

    • 19103 Words
    • 77 Pages
    Powerful Essays
  • Powerful Essays

    We live in a dynamic world and the dynamism continues to grow. As the dynamism progresses, newer paradigms of strategy, organization and work are explored to maintain a balance and cope with the pace. The transformation of business activity, through technological development, the shorter life-cycle of business ideas and products, and the need for new skills requires new strategies and new forms of work organization. Hence, conventional ways of organizational structure and working have been challenged.…

    • 4200 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    White appliance is a foreign company and it’s trying to get in Bangladeshi market. In Bangladesh the average monthly income is about 500 dollar a month which is 35000 in Taka. So the income scale is medium. According to our survey we figured out that microwave oven is used by the people whose income scale is about 70000-80000 or higher in the month. If we consider the social class, we found the people from the higher and higher middle class are using the microwave oven and the rest of the people are comfortable with the gas stove. In Bangladesh, the market of microwave oven is not that good enough. Our company cannot sustain in this limited amount of market. The company actually wants a huge market to do business. In this case, we got only one option and that s to expand the usage of microwave oven in the country and to do so we need to target a new segment. We can’t just work on only two classes. Rather we need to concentrate on the middle class and upcoming middle class people.…

    • 2240 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    International trade is the backbone of our modern, commercial world. Producers in various nations try to profit from an expanded market, rather than be limited to selling within their own borders. There are many reasons that trade across national borders occurs, including lower production costs in one region versus another, specialized industries, lack or surplus of natural resources and consumer tastes. This trend is attributable to the increased globalization of the world economies and the availability of trade payment and finance from the international banking community. Although banks also finance domestic trade, their role in financing international trade is more critical due to the additional complications involved. First, the exporter might question the importer’s ability to make payment. Second, even if the importer is creditworthy, the government might impose exchange controls that prevent payment to the exporter. Third, the importer might not trust the exporter to ship the goods ordered. Fourth, even if the exporter does ship the goods, trade barriers or time lags in international transportation might delay arrival time.…

    • 3854 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    The organizations and the individuals working in the organizations have a great challenge to deal with the change. The principle of dynamism and the theory of ‘Ignore and Perish, Change and Cherish’ have come to stay and the organizations have to respond positively to the changing environment.…

    • 2734 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    [pic] Topic: Recent International Trade scenario of Bangladesh BOP Submitted To: Mr. Shantanu Kumar Roy Joint Director Foreign exchange policy department. Bangladesh Bank, Sylhet. Lecturer Department of Business Administration Metropolitan University, Sylhet. Submitted By:…

    • 4931 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    $The Ambassador of Bangladesh in Korea, Mr. Shahidul Islam, visited ASERC (Advanced Ship Engineering Research Centre) in Pusan National University (PNU) and requested me to find a way of establishing a long-term and mutually beneficial collaboration in shipbuilding sector between Korea and Bangladesh. At his request, I paid a short visit to Bangladesh from October 12-13, 2009. In order to understand the shipbuilding related academic and industrial environment, I visited two leading shipyards namely Western Marine Services Ltd. (WMS) and Ananda Shipyard and Slipways Limited (ASSL) and Department of Naval Architecture & Marine Engineering (NAME) in Bangladesh University of Engineering and Technology (BUET) and the Marine Academy…

    • 1805 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    The company has interested investors this year with quarterly results that indicate Sara Lee will increase earnings per share in 1989 by 20 percent or more for the second consecutive year -- a strong increase compared with the 10 percent to 12 percent yearly increase that is normal in the industry.…

    • 544 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Bangladesh, a country with immense opportunities in multiple sectors, has a population of 164 million which includes a large number of skilled & semi skilled workforce. This number is increasing gradually. Bangladesh has survived the recent economic recession & was successful to hold a sustainable inflation rate during that period. This country has a better GDP growth rate than the other developing nations too. This report is prepared as an integral part of my task for the DCCI, as one of their strategy 2050 report holder which helps me to accumulated & also very interested with this topic where I can empowered & acknowledged myself as on the report. I tried to illustrate my thoughts, imaginations & objects with the help of most updated statistical data available.…

    • 7535 Words
    • 30 Pages
    Good Essays
  • Satisfactory Essays

    the external enviroment

    • 363 Words
    • 2 Pages

    low income may be reason for the very high demand for the product and services of…

    • 363 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Informative

    • 1693 Words
    • 7 Pages

    The Public enterprises were assigned a pre-eminent role in the economic development. The scheme of Industrial Policy Resolution of 1956, talks of ‘commanding heights of the economy’ through public sector enterprises. The economic development and rate of growth were accelerated and sound economic infrastructure for industrialization was established. The monopolies and concentration of wealth in the hands of few could not be prevented but self-reliance in strategic fields to reduce dependence on foreign technology was attained. Balance regional development was achieved and regional disparities were reduced. Employment opportunities in different sectors improved standard of living of people and reduced the pressure on balance of payment through export promotion and import reduction.…

    • 1693 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Disinvestment

    • 1180 Words
    • 5 Pages

    The Government started to deregulate the areas of its operation and subsequently, the disinvestment in Public Sector Enterprises (PSEs) was announced. The process of deregulation was aimed at enlarging competition and allowing new firms to enter the markets. The market was thus opened up to domestic entrepreneurs / industrialists and norms for entry of foreign capital were liberalized.…

    • 1180 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Javedimran

    • 3586 Words
    • 15 Pages

    Industrialisation (or industrialization) is the period of social and economic change that transforms a human group from anagrarian society into an industrial one. It is a part of a wider modernisation process, where social change and economic development are closely related with technological innovation, particularly with the development of large-scale energy andmetallurgy production. It is the extensive organisation of an economy for the purpose of manufacturing.[2]…

    • 3586 Words
    • 15 Pages
    Best Essays