Myanmar agrees with Asian Highway plan

[TopCat]

Total export of Bangladesh: $18.36 billion (2009-2010)

Total import of Bangladesh: $20.205 billion (2008)

In the import basket its mainly Petroleum, Raw materials, Capital machineries and food item.
Hopefully we could post trade surplus in near future. We dont have any raw materials that the problem. We have to import, then process and exprort.

 

[nForce]

In the import basket its mainly Petroleum, Raw materials, Capital machineries and food item.
Hopefully we could post trade surplus in near future. We dont have any raw materials that the problem. We have to import, then process and exprort.

Agree with you...Bangladesh doesnt have much problem with raw materials for FMCG companies,which can be a huge revenue earner.Food,textiles,other consumer goods,in near future,automobile etc. have good opportunities in Bangladesh.
Any information about SEZ or Special Economic Zones in Bangladesh???

 

[eastwatch]

Not true, if your country has a trade agreement with other country, certainly the tariffs will vary.

Building cars in Bangladesh if for domestic consumption is OK idea, but Bangladesh is surrounded by Economic car manufacturing hubs of India and Thailand, so it is not a big export oriented business.

India will certainly not give preferential treatment to BD cars. Because, this will endanger its own car industry. BD is ripe for investment in car manufacturing. Its present market demand is more than 60,000 (assumed) per year.

But, when the makers produce vehicles in the country, there will be taxes only on engine/body parts, which is very very low comparing to what the duties are on the finished vehicles.

So, this will certainly lower the car prices. If only there are ample road infrastructure in the country, the demand will shoot up.

 

[eastwatch]

Under WTO you can sign FTA with another or group of countries. You can also reduce reciprocal tariff with restriction under WTO.

But, if it is reciprocal tariff reduction, India will get upper hand. Only low labour cost in BD will not help it to gain market in India. There are other factors that will keep the prices of BD-made cars high. A reduction will open our market to Indian cars. Better we first solidify our strength, then we think of foreign market.

By the way, this thread is all about the Burmese nod towards opening its territory for connectivity, and not on Indian market.

 

[eastwatch]

Total export of Bangladesh: $18.36 billion (2009-2010)

Total import of Bangladesh: $20.205 billion (2008)

Yes, the balance is paid from the remittances BD receive from our workers abroad. Remittance is already more than $10 billion per year.

 

[nForce]

Yes, the balance is paid from the remittances BD receive from our workers abroad. Remittance is already more than $10 billion per year.

Thank you for the info.It is pretty obvious that all the money required for the import is not paid off by the capital generated from export,as different private entities are involved in the process of export and import and not singular entity like the government.So it is quite obvious that the money from import comes from some other source and not necessarily the wealth generated from exports.