M Usman dar (15927) (B&F) 6TH semester

CMS ID

Major Partners and Import & Exports of Bangladesh

BANGLADESH TRADE GROWTH
The government of Bangladesh undertook significant steps during the 1980s. Consequently there was a tremendous increase in the export of ready made- garments and knitwear, which generate maximum foreign exchange for the country. Cheap labor and low conversion costs are the major factors behind the growth of Bangladesh s garment industry. Over 3 million Bangladeshis (90% women) are employed in this industry. Bangladesh shares excellent trade relations with the u s, showing noteworthy trade surplus with the latter. The country is an active partner of the Asia pacific trade agreement and the world trade organization. A number of export processing zones have been set up by the government to enhance economic growth by attracting foreign investment.

The economic growth rate of Bangladesh has been maintained at a around 5% during the
past ten years in spite of frequent natural calamities. In 2002 - 2003, the domestic savings rate was about 18.23% and the GDP was $275.7 billion in 2004. In the same year, the annual per capita was US$2000, growth rate 4.9%, industrial growth rate at constant price 6.5%, inflation rate 6% and the investment rate 23.5% of GDP.

BANGLADESH IMPORT COMMODITIES

Machinery and equipment Chemicals Iron and steel Textiles Foodstuffs Petroleum products

BANGLADESH IMPORTS PARTNERS

China India Kuwait

Singapore Japan

BANGLADESH EXPORT COMMODITIE

Garments Frozen fish and seafood Jute and jute goods Leather

BANGLADESH TRADE EXPORT PARTNERS

United states Germany United kingdom Italy