Recent International Trade Scenario of Bangladesh Bop

4939 Words Jan 9th, 2013 20 Pages
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Topic: Recent International Trade scenario of Bangladesh
BOP

Submitted To:
Mr. Shantanu Kumar Roy
Joint Director
Foreign exchange policy department.
Bangladesh Bank, Sylhet.
Lecturer
Department of Business Administration
Metropolitan University, Sylhet.

Submitted By:
Mir Md. Nazmul Haydar
MBA 22nd Batch
ID No: 111-126-025

Metropolitan University

Content

|Sl No. |Title |Page no. |
|1 |Introduction |1-3 |
|2 |Composition and Performance of Exports of
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Bangladesh’s import needs are substantial; hence the need to rapidly increase exports is immediate. In order to finance the imports and also to reduce the country’s dependence on foreign aid, the Government of Bangladesh has been trying to enhance foreign exchange earnings through planned and increased exports. However, the global trade scenario has exposed structural limitations of the Bangladesh economy, posing a variety of challenges for the country that has underdeveloped technology and a low capital base.
In this paper we discuss the composition, performance and trends of foreign trade of Bangladesh. In the process, we examine Bangladesh’s export and import performance compared to those of various countries, regions and the world over the years. We also discuss the sources of Bangladesh’s imports and directions of Bangladesh’s exports and the dynamic changes over the years, and highlight the trends of export and import shares to GDP and trade balance positions with different countries, regions as well as the world. Trade policy reforms of Bangladesh and major issues, challenges and policy options are also discussed briefly.

According to Bangladesh Bank (BB) at present our overall Balance of Payment (BOP) is negative US$502 million. Though the Workers' remittances increased to $9613 million, negative Trade balance of -$6430 million and negative Services balance of
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