Bangladesh's Trade Barriers in Global Perspective - a Comparative Analysis

11770 WordsJul 5, 201148 Pages
PF/C-180/IRP ABSTRACT Freeing trade frequently benefits the poor especially. Many developing countries have high tariffs. Since early 1980s Bangladesh promoted trade mainly through removal of structural obstacles to production and trade. In this paper a number of measures to determine crosscountry Trade Barrier were discussed. Though the methodology adapted by Dr Raihan got especial treat as it is current and relates to Bangladesh. Then Bangladesh’s progress of trade with SAFTA countries and other major trading partners were discussed. Later a trade barrier index was constructed, replicating Dr Raihan’s model and using most recent dataset, considering only the import to Bangladesh from SAFTA countries and other major trading partners. It…show more content…
Very low tax revenues in Bangladesh leave the country unable to establish much of the infrastructure necessary for economic development. Foreign direct investment would go a long way to help eliminate this cycle, but a lack of government transparency often breeds distorted market signals, leaving investors disinterested in projects in Bangladesh. While its constitution provides for an independent judiciary, Bangladesh’s legal system is often slow and inefficient. High tariffs and corruption in customs procedures create additional barriers. But discussing the trade barriers of Bangladesh in isolation does not give us the true picture of our position in regional and global context. To achieve that we would try to find the relative trade restrictiveness/barrier of Bangladesh with her regional and major trading partners considering only import of Bangladesh from those countries. To have a better understanding of the paper different related terminologies that are used in the paper are explained in Annex B. AIM 4. The aim of this paper is to make a comparative analysis of Bangladesh’s dynamic trade barrier with regional and major trading partners. RATIONALE OF THE STUDY 5. The growth in trade is in turn the result of both technological developments and concerted efforts to reduce trade barriers. Some developing countries have opened their own economies to take full advantage of
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