The latest statistics show significant improvement in trade and economy. Bangladesh's trade-GDP ratio reached 46.30 per cent during fiscal year 2012-13 rising from 37.8 per cent in FY '10. But such a ratio has fluctuated during the next six fiscal years until FY '19.
The Bangladesh economy's degree of openness has seen a mixed trend in the last 10 years as economic expansion outstripped rise in foreign trade. Thus the trade-GDP ratio came down to 38.89 per cent in the FY '19 from 44.51 per cent in the FY'14, Bangladesh Bureau of Statistics (BBS) data suggest.
Trade Policy Reform of India 2008 - 2019
The Trade Policies in India are formulated by Government of India, Ministry Of Commerce And Industries and Department of Commerce.
Hospitality Laws
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
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Trade Policy Reform of India 2008 - 2019
The Trade Policies in India are formulated by Government of India, Ministry Of Commerce And Industries and Department of Commerce.
Hospitality Laws
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: amitymbaassignment@gmail.com
Call: 9971223030
A power point presentation about India foreign trade's introduction, compostion of its imports and exports, also the direction of its imports and exports, with the help of some data diagrams.
Nepal foreign trade structure and related issuesRoshan Pant
The membership with WTO has provided opportunities to Nepal for strengthening trade and investment. Similarly, Nepal’s activism in regional initiatives such as SAARC, SAFTA, BIMSTEC has encouraged us to go for trade integration regionally and globally.
Nepal, as is in between two giant economic neighbors, has great potential for trade and investment.
International Business plays a crucial role in the economic development of a nation as it leads to industrialization, employment and reduction of scarcity of consumer goods. Our share of world trade has significantly increased over the years. At present, International Business opportunity in India exists in areas like IT, Telecom, R&D, Infrastructure, Retailing, etc. Sectors like health, education, housing, water resources, SMEs are untapped and offer huge scope.
Assalam o Alaikum Everyone!
This Presentation Was Prepared and Presented by Me in Class and it Was Appreciated by Everyone.
So I Would Like to Share it With You All for Knowledge Increment Perpose.Hope You All Will Like.
Thanks...
Regards (M.Noman Waleed)
A power point presentation about India foreign trade's introduction, compostion of its imports and exports, also the direction of its imports and exports, with the help of some data diagrams.
Nepal foreign trade structure and related issuesRoshan Pant
The membership with WTO has provided opportunities to Nepal for strengthening trade and investment. Similarly, Nepal’s activism in regional initiatives such as SAARC, SAFTA, BIMSTEC has encouraged us to go for trade integration regionally and globally.
Nepal, as is in between two giant economic neighbors, has great potential for trade and investment.
International Business plays a crucial role in the economic development of a nation as it leads to industrialization, employment and reduction of scarcity of consumer goods. Our share of world trade has significantly increased over the years. At present, International Business opportunity in India exists in areas like IT, Telecom, R&D, Infrastructure, Retailing, etc. Sectors like health, education, housing, water resources, SMEs are untapped and offer huge scope.
Assalam o Alaikum Everyone!
This Presentation Was Prepared and Presented by Me in Class and it Was Appreciated by Everyone.
So I Would Like to Share it With You All for Knowledge Increment Perpose.Hope You All Will Like.
Thanks...
Regards (M.Noman Waleed)
Pattern and Determinants of Export Diversification in BangladeshMd. Moulude Hossain
This paper analyzes the pattern and the main determinants of
export diversification in Bangladesh. A large data set of Bangladesh export during the period of 1980-81 to 2006-07 has been used for this purpose. Three main indexes have been used to explore the trend of export concentration and these three indicators of export diversification were calculated to determine the trend of export from Bangladesh. The
Hirschman Index, the Ogive Index and the Entropy Coefficient were used to analyze the diversification pattern of export from Bangladesh. From the analyses, robust evidence has been found across the specifications and indicators that the export basket of Bangladesh has continued to remain relatively undiversified and the country has not been able to translate its
comparative advantage into competitive advantage. Further, this study reveals that the export growth and overall economic growth are highly correlated and a robust restructuring in trade policy is needed for gaining momentum in diversification of export in Bangladesh. The analyses show that exports at the intensive margin account for the most important share of
overall trade growth. At the extensive margin, geographic diversification is more important than product diversification, especially for developing countries. Taking part in free trade agreements, thereby reducing trade barrier and costs, development of infrastructure and communication, extensive financing for export and policies emphasizing the development of human capital is now the need of time for improving diversification of export.
The trade landscape, as we know it, is changing: Is India prepared?aakash malhotra
In report of August 2022, Deloitte India discusses the crucial changes occurring in the Indian economy and how exports contribute to India's GDP and vision of becoming a US$5 trillion economy.
Tax justice from 100 years old income tax law.pdfM S Siddiqui
Roughly 94 per cent of income-tax revenue comes from tax deducted at source. The Tax deduct as source (TDS) has been imposed at border during release of imported goods and services, supply of goods and services to government and corporates entities. This deduction is on gross sales value but not on net profit. The advances taxes are non-refundable and considered as tax on income. In many cases the tax burden are more than 100 percent of the net income of the business enterprises.
Bangladesh’s cross border transaction in Chinese RMB.pdfM S Siddiqui
Banks are finally allowed to maintain accounts in Chinese currency RMB with their correspondents or overseas branches for cross-border transactions executed in Bangladesh.
Meanwhile, China has introduced cross-border interbank payments system (CIPS) with the RMB as an alternative trading currency. CIPS payment system offers clearing and settlement services for participates in cross-border RMB payment and trade.
Over the last decade the Chinese government has consistently strived to overcome China’s dependence on foreign supplies in the sector, and as a result China’s market share in semiconductors has increased from 5 percent in 2010 to 13 percent in 2020, more than doubling in ten years. China is moving along with the planned schedule to achieve supremacy in manufacturing semi-conductors.
Evaluation of Bangladesh’s Data Protection Bill.pdfM S Siddiqui
The draft Data Security Law did not make difference between data privacy and data security and a big concern was how to maintain the privacy of such data. The problem is that the government has expressed a controlling attitude to make the law a control mechanism rather than data security and data privacy.
Rights of the nominee vis-à-vis legal heirs.docxM S Siddiqui
Currently, the banks may follow the rule of Bangladesh Bank and the principle of the judgment of the High Court Division that the nominee is entitled to the money of the deceased person and pay to the nominee at the first instance to complete their responsibility. Subsequently, the nominee will be treated as a custodian in case of a succession certificate given by the court and distribute the amount accordingly.
Bangladesh bank’s rules of export documents require an amendmentM S Siddiqui
The Factoring services provide security of payment and financing through transfer of shipping documents along with ownership and rights over the payments. The circular no. 32 (dated October 03, 2021) restricting transfer of document will hamper smooth service of Factoring and export financing by trade finance companies. The BB should revisit the circular addressing the embargo over transfer of full set of documents.
Access to finance for the informal sectorM S Siddiqui
Bangladesh may formulate policies to use these sources to in credit reporting systems. There may be even legal framework like some other some economies to allow the sharing of information from non-traditional sources and authorised CRSPs to prepare CR for MSMEs.
Ad free channel ends unfair privileges to overseas manufacturersM S Siddiqui
The Clean Feed Strategy would give a level playing field to Bangladeshi manufacturers and foreign manufactures. Although late the government has taken a bold decision.
Pandemic recession and employment crisisM S Siddiqui
The policy of Bangladesh Bank and attitude of commercial banks have many challenges to overcome regarding these programmes. They require a change in mind-set and political will to recognize the crisis and probable solution. There should a recognition that informal workers and their livelihood activities represent the broad base of the economy producing essential goods and services not only for low-income customers but also for the general public and for the formal economy.
How to upgrade bangladesh’s banking almanacM S Siddiqui
The confidence of users is a big challenge for an almanac. The authentication of information is a basic criterion of a good almanac. The authority may take initiative to upload the almanac in their web-site and make easily accessible for the end users specially the FI in other countries.
Bangladesh needs rules on odourised lpgM S Siddiqui
It is impossible to detect the leak because of the lack of odour. This has led different countries to enact new regulations that require gas suppliers to odourise LPG.
The experience of the other countries doesn’t support the fear of NBR officials. This conception of officials is a challenge of introduction of PCA in Bangladesh.
With the ratification of the TFA in 2016, Bangladesh has obligation to introduce PCA in the customs rule. The relevant SRO should be issues as early as possible.
Abrupt indian ban on onion seeds not legalM S Siddiqui
Bangladesh became self-reliant in Cattle production after restriction on cattle export / smuggling during last few years. Let's hope that the statistics of Bangladesh Agricultural Department are correct and Bangladesh will hopefully continue to be self-reliant of onion despite Indian ban on export of onion and onion seed.
Miniket may be branded for marketing by any company but cannot claim this as local variety of rich. It cannot be registered under patent act. The fate of Miniket is depends upon teste and demand of the consumers.
Psi of govt purchase contrary to import policyM S Siddiqui
The inspection by government official is against the Import Policy Order as well as it is expensive for the nation and not serving the real purpose. The inspectors are not liable for any incidence of wrong delivery.
Disappearance of border pillars and death from lightning strikeM S Siddiqui
In south Asia the casualties have been increases in recent years. But apart from climate change, the recent increase of death of lightning has linkage with the silent disappearance of Border pillars of Mouja installed by British rulers in South Asia.
The standard global practice of other countries, the credit information reports neither express any opinion about the borrower creditworthiness nor assign any rating to the borrowers.
Hashem foods fire determining the liability of regulatorsM S Siddiqui
Despite all the irregularities, how industries get fitness certificate from DIFE on yearly basis is a question. Hashem Food started their business in 1982 and DIFE has been certifying it on yearly basis since then.
Regional co-operation under SAARC may be an additional blessing to solve the problem. Bangladesh apparently failed to get mutual co-operation from neighboring countries. Bangladesh may shift the policy on prevention, education and training of all stakeholders to eradicate drugs from our society.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Mismatch between import liberalisation and export competitiveness
1. Mismatch between import liberalisation and export competitiveness
https://today.thefinancialexpress.com.bd/views-reviews/mismatch-between-import-liberalisation-
and-export-competitiveness-1573307448
MS Siddiqui | November 10, 2019
After liberation in 1971, Bangladesh adopted an industrial policy pursuing
an import-substituting industrialisation. Its key objectives were to
safeguard the country's infant industries, reduce balance of payments
deficit, use scarce foreign exchanges efficiently, ward off shocks coming
from international capital market and exchange rate fluctuations, lessen
fiscal imbalance, and to achieve higher economic growth and self-
sufficiency.
However, this policy could not deliver desired outcomes. Increasing
internal and external imbalances led to trade policy reforms in the early
1980s. It was time when Bangladesh's number one exportable product jute
and jute goods was losing market. The country then successfully
expanded export-oriented garment industry, introduced high-yielding
varieties rice and a few other crops, increased exports of leather products,
and still continued tea export. Remittances rose simultaneously.
Trade liberalisation has also become an integral part of Bangladesh's
trade policy. Trade openness has generally left positive effects on
economic growth, exports, imports, foreign direct investment (FDI) and
remittances of a country.
Bangladesh has attained certain competitiveness in products like
garments by gaining efficiency. Trade openness has also resulted in
competitiveness of some other products.
Still, the relationship between import trade liberation and export
competitiveness remains a confusing state of affairs for policymakers.
An important element of trade policy reform was introduction of generous
promotional measures for exports. Such measures include permitting
exporters of non-traditional items to convert some of their earnings at
higher exchange rate, simplification and rationalisation of tariff structure,
and deregulation of import process as well as export incentives such as
export performance licensing, export performance benefit scheme, special
bonded warehouse scheme, back-to-back letter of credit (L/C) system,
export credit guarantee scheme, export promotion fund, bank loans, and
tax holiday.
2. Some reforms were initiated with prescriptions from the International
Monetary Fund (IMF), the World Bank and other multilateral agencies with
certain conditions on financial assistance. Structural Adjustment
Programme (SAP) was introduced1980s. The reforms included
liberalisation of interest rates, amendment to monetary policy, abolishing
priority sector lending, strengthening central bank supervision, regulating
banks, improving debt recovery and broadening capital market
development. Well-known elements of adjustment policy were reduction in
subsidy on agricultural inputs and food, strictness in disbursing bank
credit, raising interest rates, rationalising tax system, avoiding multiple
currency practice, and import liberalisation.
Bangladesh signed an agreement on import programme credit (IPC) with
the IMF in 1982 pledging policy reforms. This was considered as a major
turn in trade and industrial policy reforms. Henceforth, since the mid-
1980s the government of Bangladesh initiated numerous trade policy
reforms, resulting in trade liberalisation.
The country's trade policy between 1972 and 1980 was characterised by
significant import controls. Import Policy Orders (IPOs) specified if certain
items could be imported, prohibited for imports or if they required special
permission for imports. With exception of a few cases, licenses were
required for all imports. All these made the process inefficient and the
inefficiencies are seen at poor port, rail, and road transport
infrastructures, poor customs management, administrative and licensing
restrictions and non-transparent trade rules.
As import liberalisation began in the 1980s, the import-licensing system
was abolished and imports were permitted against letters of credit (L/C).
The long positive list in the Import Policy Orders (IPOs) of importable
items was replaced by two lists - negative list (for banned items) and
restricted list (for items importable on fulfilment of certain prescribed
conditions) - and imports of any items outside the lists were allowed. The
range of products subject to quantitative restrictions (QRs) had been
curtailed substantially during the 1980s, the 1990s and the 2000s.
According to the World Bank (2004), one important aspect of the tariff
structure in Bangladesh relates to use of import taxes which have
protective effects (also known as para-tariffs) over and above protection
provided by customs duties. These taxes include infrastructure
development surcharge (IDSC)supplementary duties (SDs), and regulatory
duties. At least one reason of this policy that value added tax
(VAT),introduced in the early 1990s,it was not successful in the early
years as tax base for VAT was too low. Therefore, para-tariffs did not
significantly lower the total protection rate during the 2000s.
The overall tariff regime has been increasingly liberalised since the late
1980s. In 1991-92, the un-weighted average rate of tariff was around 70
percent and by 2013-2014 it fell down to 13.2 percent (Sattar, 2014).
Much of this reduced protection was achieved through reduction in
3. maximum rate, which was 350 percent in 1991-92 and came down to only
25 percent in 2004-2005 (Raihan & Razzaque, 2007). The rate has been
kept at this level in recent years. The number of tariff bands was 24 in the
1980s, 18 in the early 1990s and only 4 in recent years.
Conventional trade barriers were lowered in world trade. To achieve
higher productivity and export competitiveness, it was necessary to take
policy measures on trade-related infrastructure and improving domestic
facilities.
All stakeholders are already aware that high cost of formal trade due to
poor trade facilitation promotes informal trade, brings loss of revenue for
the government and in many instances transaction costs exceed the cost
of duties to be paid. For developing economies, inefficiencies in areas
such as customs and transport can be roadblocks to integration into the
global economy and may severely impair export competitiveness or inflow
of FDI.
Costs of trade involve all costs incurred in getting goods to a final user
other than the cost of producing the good itself: transportation costs,
tariffs and non-tariff barriers, information costs, contract enforcement
costs, costs associated with use of different currencies, legal and
regulatory costs, and local distribution costs. Ultimately, these costs make
goods more expensive for consumers, often affecting competitiveness of
the domestic economy. Accordingly, trade costs contribute to a very high
percentage of product costs in South Asia.
However, a drastic reduction in un-weighted tariff rates during the 1990s
also resulted in the fall in import-weighted tariff rates. The import-
weighted average tariff rate declined from 42.1 percent in 1990-91 to
around 13 percent towards the end of 2000s (Raihan & Razzaque, 2007).
To understand the state of trade facilitation in a country Global
Competitiveness Index was introduced. Bangladesh scored 52.08 points
out of 100 in the 2018 index published by the World Economic Forum. The
study covers institutions, infrastructure, ICT adoption, macroeconomic
stability, health, skills, product market, labour market, financial system,
market size, business dynamism, and innovation capability. The GCI
emphasises the role of human capital, innovation, resilience and agility, as
not only drivers but also defining features of economic success in the 4 th
Industrial Revolution.
The latest statistics show significant improvement in trade and economy.
Bangladesh's trade-GDP ratio reached 46.30 per cent during fiscal year
2012-13 rising from 37.8 per cent in FY '10. But such a ratio has
fluctuated during the next six fiscal years until FY '19.
The Bangladesh economy's degree of openness has seen a mixed trend in
the last 10 years as economic expansion outstripped rise in foreign trade.
Thus the trade-GDP ratio came down to 38.89 per cent in the FY '19 from
4. 44.51 per cent in the FY'14, Bangladesh Bureau of Statistics (BBS) data
suggest.
Bangladesh has been ranked 168 among 190 economies in the ease of
doing business, according to the latest WB report. The country's position
was 176th in 2018 and 177th in 2017.To attain its economic goals,
Bangladesh will require huge investments in physical capital, human
capital, and innovation.
The WB continues to support the government's reform efforts to create
jobs apart from addressing the needs of other development challenges.
Sustained reforms are needed in areas such as banking sector, tax
structure and public financial management, infrastructure financing
strategy in partnership with the private sector, skills development, and
ease of doing business.
MS Siddiqui is a legal economist.
mssiddiqui2035@gmail.com