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Bangladesh Garment Industry in Global Context, Finnish Perspective

Bangladesh Garment Industry in Global Context, Finnish Perspective

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Published by: sziten on Sep 24, 2009
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BANGLADESH GARMENT INDUSTRY INGLOBAL CONTEXT, FINNISHPERSPECTIVE
Case Company: Challenge Trading Corporations Oy
Lahti University of Applied SciencesFaculty of Business StudiesDegree Program in InternationalBusinessThesisFall 2007Ziten Kh. Shafiqul Islam(IBU 0300661)1
 
Lahti University of Applied SciencesFaculty of Business StudiesZiten Kh: Shafiqul IslamBangladesh Garment Industry in Global Context, Finnish PerspectiveDegree Program in International BusinessThesis; total page 90Fall 2007Supervisor: Maija Romo
ABSTRACT
This thesis deals with potential market for the garment industry and its supplychain from Bangladesh to Finnish market. This is carried out with the both perspective of Bangladeshi exporters export to Finnish market and Finnishimporter import from Bangladesh and it deals briefly with supply chainmanagement.The main purpose of the thesis is to give a brief logistics solution to the both parties. Since now there is no existing Finnish company doing businessdirectly with Bangladesh still there are lots of Bangladeshi garment productsin the market and those are coming to the Finnish market via specially Swedenand other EU countries. This study is also a guideline for new companies whowould like to establish a new business channel between both countries. Casecompany Challenge Trading Corporations Oy is a start-up company in theclothing business, the study gives us details on how a company should choosethe suppliers, how to manage supply chain and it also gives further knowledgeabout foreign trade procedures as a start-up company.The study employs various methods to gather information such as newspaper,electronic articles, information from related organizations, telephoneinterviews, Internet surveys and own observation by dealings with casecompany.Finally, some recommendations are given for the engaging parties to enjoy practicing the business and help them improve the efficiency in contactingsuppliers and buyers, transport agencies, for improvement of customer serviceand gaining knowledge of foreign trade procedures.Key words: Supply chain management, Bangladeshi garments industry,foreign trade procedures, Challenge Trading Corporations Oy.2
 
LIST OF ABBREVIATIONS USED
AMTAC
American Manufacturing Trade Action Coalition
AOA
Agreement on Agriculture
ATC
Agreement on Textiles and Clothing
BEPZ
Bangladesh Exports Processing Zone
BGD
Bangladesh
BGMEA
Bangladesh Garment Manufacturers and Exporters Association
BIDS
Bangladesh Institute of Development Studies
BKMEA
Bangladesh Knitwear Manufacturers and Exporters Association
BRAC
Bangladesh Rural Advancement Committee
BSC
Bangladesh Shipping Corporation
C&F
Carrying and Forwarding
CBW
Central Bonded Warehouse
CMAI
Clothing Manufacturers Association of India
CPD
Center for Policy Dialogue
EBA
Everything-But-Arms Initiative
EC
European Community
EPB
Export Promotion Bureau
EPZ
Export Processing Zone
FBCCI
Federation of Bangladesh Chambers of Commerce and Industry
FDA
Food & Drug Administration
FDI
Foreign Direct Investment
FY
Fiscal Year 
GATT
General Agreement on Tariffs and Trade
GDP
Gross Domestic Product
GOB
Government of Bangladesh
GSP
Generalized System of Preferences
GSS
Gono Shahajya Sangstha
GSTP
Global System of Trade Preference
GTZ
German Technical Cooperation
HAWB
House Airway Bill
HBL
House Bill of Lading
ICSID
International Center for Settlement of Investment Disputes
ICT
Information and Communications Technologies
ILO
International Labor Organization
IMF
International Monetary Fund
ISD
International Subscriber Dialing
L/C
Letter of Credit
LDC
Least Developing Country
LIC
Low-Income Country
MAWB
Masters Airway Bill
MBL
Master Bill of Lading
MFA
Multi Fiber Arrangement3

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