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Export Import Process Presentation

Exporting is important for economic growth as it allows countries to trade goods internationally and adds to a country's gross output. The document discusses the benefits of exporting such as faster sales growth and greater economic resilience. It also outlines how exporting can raise a country's GDP by increasing aggregate demand and facilitating related industries. Current policies aim to streamline Bangladesh's export process and reduce trade barriers in line with WTO and WCO standards.

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Iftekhar Alam Chowdhury
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121 views9 pages

Export Import Process Presentation

Exporting is important for economic growth as it allows countries to trade goods internationally and adds to a country's gross output. The document discusses the benefits of exporting such as faster sales growth and greater economic resilience. It also outlines how exporting can raise a country's GDP by increasing aggregate demand and facilitating related industries. Current policies aim to streamline Bangladesh's export process and reduce trade barriers in line with WTO and WCO standards.

Uploaded by

Iftekhar Alam Chowdhury
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Export is one of the most important indicator

to achieve higher GDP

Course Title: Export Import Process


Course Code: IB 516
Prepared by: Md. Efaz Hassan
ID: 801722024

1
Export and Exporting
Export: An export is a function of international trade

whereby goods produced in one country are shipped to

another country for future sale or trade. Exports are a

crucial component of a country’s economy, as the sale of

such goods adds to the producing nation's gross output.

Exporting: Principally, it 2to the sale of commercial goods

to another country. In other words, exporting entails the act

of trading in the international market. The export business

relies on road, sea or air as modes of transportation. 

2
 The Export Advantage: Exporting
Why Export? companies grow faster and are

more likely to succeed than companies that stay at home. They provide
better jobs and greater advancement opportunities for their workforce
and leave their communities better off.
 Faster Sales Growth: 95% of the world’s consumers and nearly 80%

of its purchasing power are found outside the borders of the United States
— and the trend is upwards.
 Greater Resilience: Exporting enables businesses to diversify revenue

streams and reduce dependence on existing markets.


 Enhanced Efficiency: Tapping export markets can create new

opportunities for firms to fully utilize their production capacity, technology


and know-how. And it can extend the sales life cycle of products.

3
Exporting raise the GDP rapidly
Export led growth is where a significant part of the expansion of real GDP, jobs
and per capita incomes flows from the successful exporting of goods and
services from one country to another.
 Exports of goods and services are an injection into the circular flow of income

leading to a rise in aggregate demand and an expansion of output. This helps to


raise per capita incomes and reduce extreme poverty especially in
developing/emerging economies
 Growing export sales provide revenues and profits for businesses which can

then feed through to an increase in capital investment spending through the


accelerator effect.
 Many industries help facilitate trade such as trade insurance, logistics and

port facilities. Countries with fast-growing export sectors are likely to see
increased investment and employment in these related industries.

4
Creation of new market

 New markets do not emerge, nor do they appear. They are made by

the activities of firms.


 New markets are created when firms correctly sense (by accident or by

design) a latent need and communicate their solution to that need:

markets spring into being when economic actors shift resources to that

firm’s solution.
 The most visible way to create a new market is to offer a

product/service that is novel, thereby addressing needs that were not

met (and perhaps not even sensed).


 However, new markets are also created when firms cultivate an

underserved clientele with established products.

5
Export policy regularly in aspect of global market changing

 Exporting is the most traditional and well-

established form of market entry strategies.


Simply stated, exporting refers to the marketing
of goods produced in one country into another.
 While exporting requires no direct
manufacturing in a foreign country, successful
exporting warrants a need for significant
investments in marketing-related initiatives.
6
Present facilitations to the export traders
in Bangladesh
 The government will establish a national single window to

facilitate trade.
 Bangladesh is already pursuing a liberalized trading regime.

 Import licensing system was abolished in 1985 for all

products other than those that require a special import permit


for health, environment and other reasons. The number of pre-
clearance signatures has gone down to five from 25 and export
clearance time for 95 percent of consignments has been
reduced from 72 hours in 1999 to three hours now.

7
Comparison between Bangladesh Export
traders with international export traders
 Exports: In 2017 Bangladesh exported $39.2B, making it the 54th largest

exporter in the world. During the last five years the exports of Bangladesh
have increased at an annualized rate of 7.9%, from $26.8B in 2012 to $39.2B
in 2017. The most recent exports are led by Non-Knit Men's Suits which
represent 15.8% of the total exports of Bangladesh, followed by Knit T-shirts,
which account for 15%.
Imports: In 2017 Bangladesh imported $44B, making it the 53rd largest

importer in the world. During the last five years the imports of Bangladesh
have increased at an annualized rate of 9.5%, from $27.9B in 2012 to $44B in
2017. The most recent imports are led by Refined Petroleum which represent
5.97% of the total imports of Bangladesh, followed by Raw Cotton, which
account for 3.67%

8
Present facilitations for exporting in WTO
and WCO
 The WTO is located in Geneva, Switzerland and has 161 member countries while the
WCO is located in Brussels, Belgium and has 180 member countries.
 The WTO was established in 1995. It was preceded by the General Agreement on

Tariffs and Trade (GATT) which began with 23 countries in 1948. The WCO evolved from
a Study Group formed to examine customs issues identified by the GATT. In 1953, the
Study Group established a committee made up of 17 members, which was named the
Customs Cooperation Council (CCC). In 1994, to recognize its worldwide growth, it
adopted the name World Customs Organization (WCO).
The WTO’S primary function is that of a negotiator. The organization focuses on the

removal of barriers to international commerce through multi-lateral trade agreements.


The WCO has a number of working standards that provide a significant framework for the
operation of Customs in its member countries. 

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