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Our 5 Industries
Having Competitive Advantage
By Benzir Shaon
The
annual export/import is US$ 8.65 (2004-2005) billion/US$ 10.80 (2003-2004)
billion. Major Exports are readymade garments, frozen foods (shrimps), leather,
leather products, jute, jute products, tea, ceramic, textile fabrics, home
textile, chemical product, light engineering products including bi-cycle. The
major trading partners for Bangladesh are USA, EU countries, China, India, Pakistan, Japan, South Korea, Canada, Australia,
Malaysia, Hong Kong, Taiwan, Thailand, Indonesia, Saudi Arabia and UAE.
The
5 industries of
Woven Garments
In
Today
its development rate is on an average 20% per annum. BGMEA’s registered 2700 garments factories having about 1.5 million workforces is
earning 73% of the country's total foreign currency. About 15 million people
are directly dependent on this sector.
The
growths of freight transport, bank, insurance, hotel etc. in the country are
the gift of the garment industry.
The advantages are:
1.
Timely government support for this sector.
2.
Entrepreneur’s talent & effort.
3.
Huge supply of cost-effective labour force.
4.
Country's economic factors are in favour of
development.
5.
It is a low capital and high labour intensive
industry
For
these advantages the buyers got confidence in it.
Leather
From
the ancient age our arts and craft are closely linked with our culture &
heritage. Leather and leather products have always been a part of that
heritage. After the independence of our country this industry received a fresh
impetus. Today
Export
of leather and leather goods (including Footwear) earned US$ 228 million for
Footwear
and Leather accessories had indeed made great strides during the decade. There
are 15 large scale modern shoe factories engaged in the production of high
quality footwear with 2500 smaller footwear units spread all over the country
those are producing for the domestic market. More than 50 manufacturers are
producing various leather items such as: travel goods, suitcases, briefcases
and fashion accessories, along with belts, wallets, hand bags, case holders
etc. for export.
The advantages are:
1.
The industry produces the world's finest quality goatskin of a very fine and
smooth grain pattern.
2.
Country's cow leather has excellent natural compact fiber structure with a
round feel and touch.
3.
The leather industry has been given particular attention for developing its
infrastructure.
4.
Use of latest technology with abundant raw materials.
5.
Inexpensive skilled labour work force.
Fish
During
the last 25 years, number of fish processing plants increased from 15 to 128
and export earning increased from US$ 3.17 million to US$ 314 million. Export
of shrimp generally accounts 85% of this export earning. The existing
processing plants in the country have a total capacity of processing 200,000
metric tons of fishery products.
The advantages are:
1.
2.
Our warm tropical climate is ideally located and offers a vast reserve of fresh
brackish water fish.
3.
The development of fisheries sector is one of the top priorities of the
government and hence included in the 'thrust sector' of our export policy.
4.
Planned culture of shrimp and fish has been encouraged in the country through
the private sector by the government.
5.
Adequate financial and technical support of the government.
6.
The high spirit of the entrepreneurs together with the given support
7.
Maintenance of appropriate quality of the products is considered vital for
achieving desired success in the global trade of this product.
8.
Government Fish Inspecting and Quality Control (FIQC)
Department have been well equipped with modern laboratory facilities.
9.
10.
Quality control and management of the processing plants along with quality of
products help us to meet the growing demand of the overseas consumers.
Scientifically
processed and absolutely free from industrial pollution, Bangladesh offers a
unique combination of natural resources and export friendly infrastructure,
thereby making country's fisheries items genuinely popular all over the world.
Ceramic
The
types of products presently being marketed are: dinner sets, tea sets coffee
sets, soup sets, fruit sets, plates, bowls, flower vases, mugs and various
types of souvenir items.
At
present,
The advantages are:
1.
The traditional skill and craftsmanship handed down from generation to
generation and the favorable environment created have given support for
investment and export.
2.
Providing the quality products & is rated as one the best in the world.
3.
To ensure proper quality and goodwill, the ceramic tableware producing units
use high quality raw materials.
4.
The machinery and equipments are also modem and conform to the latest
technology and standard.
5.
Each of the units has its own in-house laboratory facility and quality control
and testing mechanism.
6.
Most of the ceramic products are oven-proof, chill-proof and dishwasher-proof
and free from any chemical hazards.
7.
The preferential tariff treatments available under the GSP schemes are contributing to the growth of export of this merchandise to these
markets.
Jewelry
All
types of jewelry are on the export list. The present range of production
includes gold-made or gold coated/plated ornaments; silver-made or
silver-coated/plated ornaments, precious/semi-precious tone-studded gold/silver
ornaments; and platinum, palladium, iridium, precious/semiprecious, artificial,
synthetic stone-studded ornaments. Within these broad categories, the usual
types of jewelry products that are found in demand encompass necklace, bracelets,
earrings, fingerings, chains, bangles, wedding sets, bridal and other
occasional souvenirs, decorative pieces etc.
The advantages are:
1.
The high degree of precision combined with the touch of human imagination has
made Jewelry produced in
2.
The workmanship and the special effect created out of it by our country are
very attractive.
3.
Our every piece of jewelry is unique and that gives it an exclusive look with
finest details.
4.
The government of
5.
A new jewelry export policy has already been formulated to simplify and
streamline the export procedures and create an investment-friendly environment
with a view to promoting export of this product.
6.
Quality is given the topmost consideration.
7.
Wide variety of products.
8.
Skilled workforce.
9.
Prompt delivery.
10.
Reasonable price.
The
Bangladesh jewelry Association or the Bangladesh Standard Testing Institute are
obliged to issue a pre-shipment quality inspection certificate, if so required
by the customers.
Submission
Date: December 08, 2005
An
Assignment Prepared for: Biva Arani Mallik,
Course Instructor, Introduction to Macroeconomics (ECO102), Department of
Economics,
Source
1.
http://www.epbbd.com (The official web site of Export Promotion Bureau,
2.
Export Promotion Bureau Newsletter (January-March, 2005)
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