Export Import Sitution of Bangladesh free essay sample

It gives ours immense pleasure to submit an assignment on export import situation of BD. This assignment is submitted as a partial fulfillment as a part of our course. The preparation of  the assignment has given ours and insightful experience and in-depth knowledge on â€Å"Export Import Situation of BD. We have given our best effort to make it worthy one and each aspect of the problem is considered and studied as required. May we, therefore, and hope that you would be gracious enough to our effort and oblige thereby. Yours sincerely, Business Exclusive 4th Batch(4th year 1st semester) Dept. f Marketing Jagannath university Table of content Abstract Objectives of the study Limitations of the study Methodology Bangladesh Trade: History Bangladesh Trade: Growth Export Situation in Bangladesh Bangladesh Export Performance Country-wise Exports of Bangladesh Export Earnings and Export Growth Export Earnings and Export Growth by Commodities Export Target and Performance Challenging Iss ues for Bangladesh export Strategies to overcome the Challenge Import Situation of Bangladesh Import Composition and Growth Imports of Bangladesh from 2004-05 to 2008-09 Imports of Major Commodities Problems of import to Bangladesh Balance of Trade Future probability of export import of Bangladesh Recommendations Conclusion References Abstract Trade is an integral part of the total developmental effort and national growth of all economies including Bangladesh. We will write a custom essay sample on Export Import Sitution of Bangladesh or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It particularly plays a central role in the development plan of Bangladesh where foreign exchange scarcity constitutes a critical bottleneck. Export trade can largely meet ‘foreign exchange gap’, and export growth would increase the import capacity of the country that, in turn, would increase industrialization, as well as overall economic activities. Bangladesh’s import needs are substantial; hence the need to rapidly increase exports is immediate. In order to finance the imports and also to reduce the country’s dependence on foreign aid, the Government of Bangladesh has been trying to enhance foreign exchange earnings through planned and increased exports. However, the global trade scenario has exposed structural limitations of the Bangladesh economy, posing a variety of challenges for the country that has underdeveloped technology and a low capital base. In this paper we discuss the composition, performance and trends of foreign trade of Bangladesh. In the process, we examine Bangladesh’s export and import performance compared to those of various countries, regions and the world over the years. We also discuss the sources of Bangladesh’s imports and directions of Bangladesh’s exports and the dynamic changes over the years, and highlight the trends of export and import shares to GDP and trade balance positions with different countries, regions as well as the world. Trade policy reforms of Bangladesh and major issues, challenges and policy options are also discussed briefly. Objectives of the study The objective of the report is- â€Å"To acquire the practical knowledge about export and import situation of Bangladesh. Limitations of the study The study suffered a number of limitations: * Lack of the part of experience of the researchers. * Unconfirmed accuracy of certain information acquired. * Lack of information from the primary source. * The comparisons may not be effective enough. * Lack of time for preparing the report. Methodology To prepare the report, supportive information is gathered from the following sources: * Primary Sources Secondary Sources Bangladesh Trade History The value of imports doubled between 1971 and 1991 as compared to the value of exports. The trade deficit has declined considerably owing to an increase in exports since 1991. A closer look at the trade statistics of the country reveals that in 1989-90, imports exceeded exports by 120%. This percentage came down to 56% in 1996 and 62% in 1997. The economy of Bangladesh was once riding on jute, its ma jor produce. In the late 1940s, its share of the world jute export market was 80%, which came down to 70% in the 1970s.