Pakistan-Bangladesh trade volume to soon touch $1bn: envoy

[UKBengali]

Great, no one outside Bangladesh gives a damn about your TVs. Less than 30% of UAE's GDP is composed of oil revenue. The non-oil sectors contribute to around 72% of the UAE's GDP and this percentage continues to increase every single year. The UAE also has a successful and rapidly growing space program. If you think that the Arabs are a joke then why are your fellow countrymen dying to go there for work? Yes, oil wealth gave them a lot of money very quickly but it is how they use this wealth is what actually matters. @Wood This clown believes that manufacturing TVs makes Bangladesh more advanced than both Pakistan and India. Both Pakistan and India design and manufacture their own high-tech missiles, aircrafts and UCAVs so going by your retarded logic this alone makes India and Pakistan 10 times more advanced. India's space program alone makes Bangladesh look like a primitive country according to your pathetic logic.

When did I say BD is more advanced than India?

Pointing out that BD has some medium-tech in the home electronics sector that India does not even do is not saying it is more advanced.

Now trying to bring in an Indian poster as you cannot argue with me on your own merits.

Yes Pakistan may be able to manufacture some missiles but you do not have aircraft tech as that is a Chinese plane(JF-17) with some local manufacture of fuselage and mainly assembly of Chinese sub-components.


No-one gives a damn about BD TVs?:

Walton TV gets huge response in Croatian market

Walton brand television has been registering rapid and successful market expansion in Croatia centering huge response from the buyers toward the Bangladeshi electronics giant made television.

www.risingbd.com

"Walton brand television has been registering rapid and successful market expansion in Croatia centering huge response from the buyers toward the Bangladeshi electronics giant made television.

Walton TV's state-of-the-art technology, features, high standard and sustainability are luring the Croatian buyers. In this regard, Walton TV’s modern marketing strategy has been also playing a significant role.


The Bangladeshi brand started TV export to Croatia in 2020 as the OEM (Original Equipment Manufacturer) system. From 2021, Walton has been exporting television with its own brand logo in the Croatian market. Being Walton TV’s distributor, Croatia's renowned electronics brand 'Smartphone I Tablet Service D.O.O.' are conducting the sales and marketing activities in the Croatian market.

Walton’s Croatia Market Concern Aminul Islam said that Walton's TV market in Croatia has been extending rapidly. As of nearly $2.5 million worth of Walton TVs has been exported to Croatia. This year, Walton is hoping of bagging $3 million worth earnings from its TV export to Croatia. Walton TVs are being displayed and sold in large supermarkets across Croatia, such as Interspar and Kaufland, along with extensive advertisements being aired on local TV channels and other media outlets."


Croata is a small developed Western country of just 4 million people btw and so you can extrapolate how much BD can sell in other developed markets.

 

[UKBengali]

Why is BD so less attractive for foreign retail brands? PK has most of them but none in BD.

Why is your startup market almost half of pk? This year we will raise almost $700 million and will have our own unicorn.

Irrelevant questions as all that matters is per capita GDP growth.

BD and Pakistan are about equal in PPP now at 6.5K each and over this decade BD will build up a large gap due to around 4% extra annual average per capita growth as happened over the last decade.

Who cares about foreign retail brands as better that BD'shis shop and and spend money on BD brands like what happens in Japan.

You don’t become rich by exporting to your fellow third world countries.

Bangladesh imports raw materials from fellow third world countries, adds value, and exports to developed countries.

That’s the East Asian model of development.

Other being colonialism aka Christian/western model.

Excellent point which some otherwise quite knowledgeable posters do not understand.

It is fine for BD to keep having a trade deficit with India for decades to come as it is a source of raw materials, foodstuffs and cheap and clean energy(both from itself and Nepal/Bhutan).

BD simply will not be able to have the medium to hi-tech products in enough quantity to sell similar amounts back to India, although I expect with any FTA then the trade balance will be more like 2:1 in India's favour and not 5:1 like it currently is.

BD can use these imports to add value and then export finished goods product to more developed countries.

 

[avenuepark57]

although I expect with any FTA then the trade balance will be more like 2:1 in India's favour and not 5:1 like it currently is.

India's exports to Bangladesh touches $16 billion in FY22 (April 21-March 22)

Bangladesh has surpassed Netherlands to become India’s fourth biggest export destination in FY22, and climbed 1 notch above to fare in the country’s top five export destinations in 2021-22 because of New Delhi’s diplomatic efforts, logistical ease and a robust demand for Indian farm produce...

defence.pk

 

[Homo Sapiens]

Very good point about water.

Here is a chart showing fresh water reserves by country.

Which Country Has the Most Fresh Water?

Brazil, Russia, and the United States are home to the top three largest amounts of renewable fresh water.

www.worldatlas.com

Pak and Indians like to ridicule Bangladesh vis a vis floods.

But floods (easily mitigated as the Dutch have shown) won’t be the tragedy. It will be a scarcity of water.

The indus belt will suffer massive water shortages making farming very expensive or impossible.

Much of southern and western India will suffer same fate.

Btw, both Indians and paks are boasting about electricity consumption. Three reasons for that:

1. Whilst Bangladesh is naturally irrigated through floods - Indians and paks spend billions on water pumps.

2. Both have extreme weathers extremely hot in summer and snow in winter. Bangladesh has no such extreme temperatures. No need for mass ownership of air cons or boilers.

3. Both have massively subsidised heavy industries (in the guise of national security) whereas Bangladesh prefers to import from the cheapest sources.



You have to answer why you think your country is more prone to massive criminality.

Even BAL managed BD doesn’t claim to have an oversized black economy.

Fact that Pakistan claims to be an “Islamic county” adds to the incredulity.

Fact that everything is micro managed by the pak military makes me even more incredulous!

Per capita electricity consumption in Bangladesh is now most probably surpassed pakistan. In 2014 it was 320 kwh in Bangladesh and 448 kwh in Pakistan. But in the last 8 years, there is a massive expansion of electricity production and household electricity connection in Bangladesh. Now more than 99 percent of household in Bangladesh have electricity connection compared to 62 percent in 2014. On the other hand, Pakistan had 71 percent household electricity connection in 2014, it barely increased to 75 percent in 2020.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

So, what Pakistani posters saying here is no longer true in 2022. It was true 8 years ago, albeit not 3-4 times less like their claim here.

 

[Khan_21]

Irrelevant questions as all that matters is per capita GDP growth.

BD and Pakistan are about equal in PPP now at 6.5K each and over this decade BD will build up a large gap due to around 4% extra annual average per capita growth as happened over the last decade.

Who cares about foreign retail brands as better that BD'shis shop and and spend money on BD brands like what happens in Japan.





Excellent point which some otherwise quite knowledgeable posters do not understand.

It is fine for BD to keep having a trade deficit with India for decades to come as it is a source of raw materials, foodstuffs and cheap and clean energy(both from itself and Nepal/Bhutan).

BD simply will not be able to have the medium to hi-tech products in enough quantity to sell similar amounts back to India, although I expect with any FTA then the trade balance will be more like 2:1 in India's favour and not 5:1 like it currently is.

BD can use these imports to add value and then export finished goods product to more developed countries.

Totally irrelevant because it doesnt suit your Sheikh Hasina brain washing agenda?

Japan/China are in a position to ignore outside world. What are you even comparing yourself to? 1 trillion rupees were spent in last eid how much wa sit in bd?

You talk of public transportation and yet your country has probably one of the worst public transportation in the world. Show me a half decent bus atleast? Or a bus transit system in cities?

You dont use examples from your cities for a reason. You know the condition they are in right now.

 

[Wood]

Boasting about the size of your “black economy”?

Even if it was true does not allow you to pay your debt or import essentials.

Both requires hard currency - only earned through exports/remittance/investment/repatriation of profits.

Where is the boast in what I've written? It is just a fact

 

[Wood]

Great, no one outside Bangladesh gives a damn about your TVs. Less than 30% of UAE's GDP is composed of oil revenue. The non-oil sectors contribute to around 72% of the UAE's GDP and this percentage continues to increase every single year. The UAE also has a successful and rapidly growing space program. If you think that the Arabs are a joke then why are your fellow countrymen dying to go there for work? Yes, oil wealth gave them a lot of money very quickly but it is how they use this wealth is what actually matters. @Wood This clown believes that manufacturing TVs makes Bangladesh more advanced than both Pakistan and India. Both Pakistan and India design and manufacture their own high-tech missiles, aircrafts and UCAVs so going by your retarded logic this alone makes India and Pakistan 10 times more advanced. India's space program alone makes Bangladesh look like a primitive country according to your pathetic logic.

Yes, the member underestimates Pakistan a lot. Only time can prove predictions right or wrong. No point in arguing

If it’s a fact then Pakistan is a more criminal society than Bangladesh or India.

And the criminality is endemic I.e. not restricted to elites.

It means your country cannot develop ever.

I'm not a Pakistani and you are not omniscient

 

[Khan_21]

Some posters dream of big trading relationship between Bangladesh and Pakistan.

But there is no synergy between them. Diet is different. And even the versions of Islam.

Great trading relationships are built on great synergies.

Pakistani manufacturing is mainly skilled cottage industries like world class cricket bats.

I think bilal posts YouTube videos of pak cottage industries making everything from motor bikes to scissors. That’s ok to service internal consumption but not viable as export industries.



If it’s a fact then Pakistan is a more criminal society than Bangladesh or India.

And the criminality is endemic I.e. not restricted to elites.

It means your country cannot develop ever.

Yet BD comes lower than PK in corruption? Maybe you should ask your criminal politicians why is that?

 

[UKBengali]

Yet BD comes lower than PK in corruption? Maybe you should ask your criminal politicians why is that?

Dude BD gets 26/100 and Pakistan gets 28/100 for latest TI rankings.

That is just statistical error.

No-one denied that BD was not a corrupt country but what matters is the competence and loyalty of the top BD politicians to the state is far higher than in Pakistan.


Even more developed countries like Thailand and Indonesia are not much better with scores of 35-38/100.


PS - That poster was out of order on his comment about Pakistan as we get criminality in all countries of the world. UK is actually a pretty corrupt country and so take a lot of that TI rankings with a pinch of salt.

 

[Steppe Wolff]

@_NOBODY_ @Wood bros, no matter how much facts and figures you give, BD posters here are extremely biased and underestimate Pakistan and are trying to portray BD as an Economic Giant of South Asia which we all know isn’t true.

 

[Wood]

Since demonetisation - it’s virtually impossible for a significant black economy to exist in India.

SBI published study said black economy in India was at 50% of GDP in 2018. This is 2 years after demonetization.

 

[Khan_21]

That’s just self pitty.

Bangladesh looks and feels like a country with 2900 per capita GDP.

Which is barely enough to live on.

Pakistanis, however, want everyone to believe they are wealthier than official GDP numbers - DUE TO THEIR MASSIVE BLACK ECONOMY.



I think they meant informal economy. Which would align with IMF’s numbers.

Which is true. And why so many perished during covid.

Many people interchange informal and black economy.

In the west most handymen operate in the informal economy - paid in cash and pay no income taxes. Governments calculate that part of GDP by looking at things like sales of building materials and tools.

Come to Islamabad and Lahore and then take a trip to Dhaka or chittagong. You will know who is wealthy just by seeing through your eyes.

Your own media does not believe your constant data fudging of per capita

 

[Wood]

I think they meant informal economy. Which would align with IMF’s numbers.

Which is true. And why so many perished during covid.

Many people interchange informal and black economy.

In the west most handymen operate in the informal economy - paid in cash and pay no income taxes. Governments calculate that part of GDP by looking at things like sales of building materials and tools.

Informal economy is what is being discussed here. It will easy for you to effectively communicate if you can stop pretending to know all

What Is the Underground Economy?

The underground economy describes illegal economic transactions that do not comply with government reporting requirements.

www.investopedia.com

 

[Rushd Alam]

Pakistan's human's rights commission should set out strict rules for Bangladeshi businesses who routinely employ minors and practice unethical practices in workplace and beyond.

Hopefully that was a joke!!! Human rights!!. Wow!!! Big words.

 

[Wood]

No need to get personal.

I don’t know everything which is why I listen and learn constantly.

Informal economy needs cash and resources - and I just explained to you how governments factor that into official GDP. And it’s perfectly legal. Small traders and gig workers aren’t required to file tax returns. They are exempt from things like VAT.

Black economy is different. Governments cannot factor that into GDP calculation because it’s facilitated by smuggling and foreign currencies.

Like I've said, the discussion is about informal economy. It is not taxed and therefore does not add to states exchequer directly. The size of this economy is significant and therefore members are not wrong to say that the state's revenue crisis is at least partly because of it.

I do not mean to get personal. But you do come off with an over confident know it all vibe. That makes it difficult for others to take what you say for its merit.