Professional Documents
Culture Documents
A number of foreign companies are operating in Bangladesh. Besides these, there is a long list of
franchise foreign companies operating by the Bangladeshi entrepreneurs with their brand names
against paying royalty to the original foreign brand. But how many Bangladeshi companies are
working abroad? Only a few are working abroad with Bangladeshi brand name. We have a good
number of companies exporting their products to foreign market and the buyers sell these at their
outlets. We would like to develop Bangladeshi originated companies to operate globally at least
in more than one foreign country.
Mr. Md. Joynal Abdin is a Deputy Manager at SME Foundation, Dhaka, Bangladesh. Could be reached through
mdjoynal@gmail.com
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5. Lack of Product Diversification Facility: Bangladesh is yet to develop sectoral lab for
designing new products to promote diversification. At the same time we have limited ability
to meet buyer’s specification and achieve foreign quality standards.
6. Lack of Competencies to Promote Abroad: We have limited skill to negotiate satisfactory
price with foreign buyers. Limited capacity to advertise our products in foreign market. We
are yet to develop channel of distribution abroad.
7. Difficulty in Enforcing Contracts: Bangladesh has hardly any arrangement to act as
intermediary to enforce contracted agreement abroad. Cumbersome and costly dispute
settlement procedure is discouraging our investors to go international.
8. Absence of Government Agencies to Assist Internationalization of Local Companies:
Bangladesh does not have any government institutions that could assist investors to go
international. Such a government organization could facilitate movement of people by
negotiating easy visa system, easy movement of goods.
9. Existence of Preferential Treatments Granted to Our Competitor Countries: Bangladesh is
still lagging behind to sign free trade agreement with friendly countries. On the other hand,
our competitor countries are enjoying free trade facilities in most of the potential investment
destinations of Bangladesh through bilateral or regional free trade arrangements.
10. Imposition of Non-Tariff Measures to Hinder Bangladeshi Trade: Bangladesh is yet to
identify non-tariff measures undertaken by our potential investment destinations to hinder
Bangladeshi trade and investment. We have to identify the barriers and negotiate with
concerned authorities to make the environment friendly to Bangladeshi companies.
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center to promote local product diversification movement. Both local and internationalized
Bangladeshi companies could be benefited out of it.
5) Signing Free Trade Agreement with Potential Investment Destinations: WTO Cell at the
ministry of commerce could be transform into Trade Negotiation Commission. They will be
specialized for trade negotiation and sign free trade agreement with potential investment
destination of Bangladesh.
6) Establishing Special Authority for Dispute Settlement in Abroad: Bangladesh shall have a
specialized authority to deal with the disputes settlement issue abroad. They will assist
Bangladeshi entrepreneurs to protect their rights abroad.
It will strengthen employment generation and increase our GNI per capita. Finally it will be
helpful to achieve higher middle income country’s status sooner than the projected time.
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