Welcome To Our Presentation
Welcome To Our Presentation
Welcome To Our Presentation
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Exporting of Bangladesh
We are-
Nawsheen Huq 1256
Shadman Sakib Khalili 1264
Md. Fahad Bhuiyan 1271
Nurul Alam 1285
Nawshaad Haque 1959
Ishtiaqe Ahmed 1960
Definition of Exporting
Exporting means the function of international trade whereby goods produced
in one country are shipped to another country for future sale or trade
The sale of such goods adds to the producing nation's gross output
Exports are one of the oldest forms of economic transfer, and occur on a large
scale between nations that have fewer restrictions on trade, such as tariffs or
subsidies.
Strategic Advantages of Exporting
Service companies and manufacturers export to increase sales revenues
Accountants, advertisers, lawyers or solicitor, and consultants export their
services to meet the needs of clients working abroad
Many companies that are not leaders in their domestic markets may more
actively seek export sales as an indirect way to counter the volume advantage
commanded by the market leader
A company may alleviate the problem of excess capacity in the domestic
market
Some companies export rather than invest abroad because of the perceived
higher risk of operating internationally
Exporting enables companies to diversify their activities
Characteristics of Exporters
The probability of being an exporter increases with company size, as defines
by sales revenues
Export intensity, the percentage of total revenues coming from export sales,
is not positively correlated with company size. Rather, the greater the
percentage of exports to total revenues, the greater the degree of export
intensity
Exporting is engaged by both big and small companies. More than two-thirds
of exporters have fewer than 20 employees
Three Phases of Export Development
The three phases of exporting development are-
Phase 1: Pre-engagement
Companies selling goods and services solely in the domestic markets
Companies considering but not currently exporting
Phase 2: Initial Exporting
Companies that do sporadic, marginal exporting
Companies that see lots of potential in export markets
Companies unable to cope with exporting demands
Phase 3: Advanced
Companies become regular exporters
Companies gain extensive overseas experience
Companies may use other strategies for entering markets
Procedure of Exporting
Asses the companys export potential by examining its opportunities and
resources
Obtain expert counseling on exporting
Having export licenses and necessary documents approved
Select a market or markets
Formulate and implement an export strategy
Relation between the
exporter and customer
Exporters relations with various parties
Trend of Products that are exported by
Bangladesh
The products Bangladesh exports are
Primary Commodities
Frozen Food - Frozen Fish, Shrimps etc
Agricultural Products - Team Vegetables, Tobacco, Cut Flower & Foliage, Fruits, Spices, Dry Food
Manufactured Commodities Cement, Salt, Stone, Ores, Slag and Ash, Petroleum bi products, Cemical Products
Pharmaceuticals Chemical Fertilizer, Cosmetics
Plastic Products PVS Bags, Plastic waste etc
Rubber
Leather Products
Wood Products
Handicrafts
Pulp
Paper Products
Silk
Exporting countries of Bangladesh
Australia Afghanistan Brazil Canada
Colombia Cambodia Cosovo Djibouti
Ecuador France Germany Ghana
Hungary India Indonesia Japan
Jordan Korea Lebanon Mexico
Mozambique Myanmar New Zealand Netherlands
Norway South Africa Spain Sweden
Syria Singapore Russia Tanzania
Thailand Taiwan Togo UAE
USA Venezuela Zimbabwe Ukraine
Georgia Pakistan Sri Lanka Vietnam
Nepal Kenya Yemen Malaysia
Iran Philippines Sudan Bhutan
Hong Kong
Current Picture of Exporting of
Bangladesh
Bangladesh exported worth of $30.25 billion in 2013
Bangladesh is the World leader in textiles and ready-made garments (second
largest exporter after China)
Also, it exported jute and jute products, fish and seafood, ocean-going ships,
ferries, pharmaceuticals, software, leather goods, ceramics, processed food,
sporting goods, cement, fertilizer, electronic appliances, bicycles, automotive
components, agro products, handicrafts
Current Picture of Exporting of
Bangladesh (cont.)
Main export partners are-
United States 16.7%,
Germany 12.5%,
United Kingdom 8.4%,
France 5.0% (2012 est.)
Export Law, Rules and Policies
General Provisions for Export
Rules and Regulations to be followed in Export of Products:-
Bank have to be followed in case of export of goods from Bangladesh. Besides, relevant
documents required under the above- mentioned conditions and rules and regulations
have to be submitted.
Control of Export of Products
Under this Policy, export of products will be controlled in the following ways, such
as:- Export Prohibited Products: Unless otherwise stated, products prohibited under
this Export Policy cannot be exported
Exportable Products
Unless otherwise stated, all other products except the products under prohibition
and the products under conditional export shall be freely exportable
Export Law, Rules and Policies (cont)
Classification of Product and Service Sectors
Some products sectors will be identified as highest priority sectors while some others will be identified as special
development sectors depending on the level of production and supply, potential contribution to the export sector,
demand in the international market and above all the capacity to contribute to the socio-economic development of the
country
Highest Priority Sectors
1. Agro-products and agro-processed products;
2. Plastic Products;
3. Footwear and leather products;
4. Pharmaceutical products;
5. Software and ICT products;
6. Home textile;
7. Ocean going Ship Building Industries;
8. Furniture Industries;
9. Terri Towel; and
10. Tourism Industries.
Export Law, Rules and Policies (cont)
Special Development Sectors
1. Light engineering products (including auto-parts and bicycles);
2. Electric and electronic products;
3. Jute products;
4. Hand loom fabrics;
5. Ceramic products;
6. Frozen fish;
7. Printing and packaging;
8. Rubber;
9. Uncut diamonds and jewelry; and
10. Cosmetics and toiletries
Export Law, Rules and Policies (cont)
General Export Facilities
Exporters can retain a certain amount of their export earning in their foreign currency time to time. Under the
existing foreign exchange dealing system, exporters can use the retention quota balance for bona fide business
expenses, (such as business-related tour participation in export fairs and seminars; setting up and management
of offices abroad; importing raw materials/capital machinery; etc)
Export Promotion Fund
There shall be an Export Promotion Fund (EPF) with EPB. The following facilities will be available from this
fund:
Venture capital at lower interest rates and on soft terms for production of goods;
Support for obtaining foreign technical assistance, service and technology for development and diversification of
products;
Support for sending marketing missions abroad and participating in international trade fairs;
Assistance in possible cases, to set up sales and display centers as well as warehouse facilities abroad;
Support for participating in training programs abroad on product development and marketing to improve technical
and marketing skills; and
Assistance in other activities related to development and expansion of markets, including products and services.
Export of Services
Generally service sector means the services identified under General Agreement on Trade in Services (GATS)
of WTO, such as:-
1. ICT based activities;
2. Construction business;
3. Health service activities e.g. hospital, clinic and nursing services;
4. Hotel and tourism based services;
5. Consulting Services;
6. Laboratory testing;
7. Photographic activities;
8. Telecommunications;
9. Transport and communication;
10. Warehouse and container services;
11. Banking activities;
12. Legal and professional services;
13. Education service, etc;
14. Security service;
15. Pre-shipment inspection (PSI); and
16. Outsourcing.
Export Preferences with Foreign
Countries
TICFA
TICFA means Trade and Investment Cooperation Framework Agreement
This agreement took place between Bangladesh and US in Washington DC on
November 25
Signed by Bangladesh Secretary of Commerce Mahbub Ahmed and Acting Deputy
U.S. Trade Representative Wendy Cutler
TICFA provides a mechanism for both governments to discuss trade and investment
issues and areas of cooperation. It is assumed that, with this agreement, the U.S.
and Bangladesh will more regularly work together to address issues of concern in
our trade and investment relationship
Export Preferences with Foreign Countries
(cont)
Aid for exporters by Bangladeshi Government
The importance assistances the Government provides to the exporters are as follows:
-project loan at lower rate of interest
-Income tax exemption
-cash incentive
-export loans with soft terms and lower rate of interest
-reduced air fare
-tax return/bond facilities
-assistance in production of marketing
-help them to participate in international fair, marketing missions abroad
-duty draw back, ECG, EPF fund facilities
-International trade related training and workshop
-export loan with a lower rate of interest and under easy terms and condition etc
Export Preferences with Foreign Countries
(cont)
Identifying the difficulties and barriers faced in international market
Export Controls & Licensing
Intellectual Property
State Trading and Trade Promotion Organisations
Exchange controls
Trade Barriers
Standards
Labeling, Marking Requirements
Free Trade Zones/Warehouses
Strategies to overcome barriers
1. Simplifying export procedures and helping the private sector achieve efficiency. The Govt. Desires
more and more involvement of the private sector while the govt. will continue to play its facilitating
role;
2. Enhancing technological strength and productivity and facilitating reduce cost and attain
internationally accepted standard of quality of exportable products and thereby consolidate
their competitiveness ;
3. Ensuring maximum use of local raw materials in the production of export goods and encouraging
establishment of backward linkage industries;
4. Participation in the international trade fairs, specialized fairs, single country exhibitions abroad and
also sending out trade missions, with a view to consolidating our position in the existing market and
creating new markets;
5. Encouraging export of new category high value added readymade garments and also encouraging the
concerned trade associations for establishment of a Fashion Institute
6. For promotion of high value added leather and leather goods export: providing various facilities
including bonded warehouse facilities for import of materials such as raw hides, pickled, wet blue,
crushed and finished leather, components and chemicals etc. to 100% export oriented leather
industries;
Strategies to overcome barriers (cont)
1. For promotion of export of shrimp: Extension and modernization of traditional/semi-intensive
method of shrimp cultivation and ensuring quality as per buyers requirements
2. For promotion of export of jute and jute goods: Undertaking extensive publicity of jute
and jute goods as environment-friendly natural fibre and diversification of the uses of jute
products;
3. For promotion of export of tea undertaking programmes for establishing brand name and
developing linkage with established blending and distributing agents;
4. For promotion of export of agro based products: undertaking programmes for raising quality
standard and expansion of market;
5. For the promotion of export of electrical and electronic goods ( including computer software
and data entry) : Building and ensuring conducive infrastructure;
6. For the promotion of export of engineering consultancy and other services and sub-
contracting involving, in a bigger way, Bangladesh missions abroad obtaining contracts
Future of Bangladeshi Products in the
international market
Garment industry is emerging rapidly in Taiwan, Hong Kong, Singapore and
Korea in Asia. Thailand, Malaysia, Indonesia, Philippines and Sri Lanka have
found the garment industry more attractive to develop their economy from
70s decade
Climate change can be an issue. It may affect the regularity of the growth of
perishable goods, and affect the whole demand-supply chain.
The Bangladesh government continues to court foreign investment, something
it has done fairly successfully in private power generation and gas exploration
and production, as well as in other sectors such as cellular telephony,
textiles, and pharmaceuticals
Womens participation is hopefully going to be higher than present, because
socio economic and cultural views are changing day by day
Thank You
Thats all for our presentation