Non traditional export items of bangladesh on a company

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Non traditional export items of bangladesh on a company

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Since science and technology have been incessantly bringing about revolutionary changes in our way of life, our tastes and preferences are being reshaped and reshuffled rapidly as the direct impact of all these changes.

The countries that can successfully read the mindset of the people and correspond accordingly at the right moment can get an upper hand over others in the global export market. Making a right click at the right moment determines all in anchoring a solid and secure foothold in the market.

Bangladesh exports a total number of items every year accounting for varying volumes and percentages. Readymade garments and accessories are the highest earning export items of Bangladesh at the moment.

All kinds of RMG items and clothing make up Apart from this premier export product, there are other nine top export items that include footwear 2. Among these products, paper and pulp, leather, raw hides, fish, etc.

Non traditional export items of bangladesh on a company

Non-traditional items customarily refer to those exportable items that are less frequently shipped to buyer countries and that they account for negligibly minimum percentage of the export earnings. Traditional export items are now facing the toughest challenges ever by a huge number of rival exporters in the global market.

These contending countries with their innovative marketing mechanism and quality products have already posed a serious threat to Bangladesh in traditional items. To cope up with this formidable marketing challenge, it is high time for Bangladesh to devise ways and means so as to pursue a fast track export promotion policy.

According to the most of the leading business leaders as well as the entrepreneurs, government should sit with each individual entrepreneur individually and listen to their problems. They also mentioned in course of discussion that a forward-looking viable export guideline will automatically be in place once all the grievances and inconveniences of the export entrepreneurs are addressed by the government.

Plastic and plastic products, all sorts of handicrafts, sea-foods, furniture are just a few of the prominent ones to mention here. Besides, there are a wide variety of non-traditional items some of which are casually exported and many of them are yet to be exported. In the present frenziedly packed-up export context, the infinitely huge untapped potentialities of non-traditional items can definitely hold out assurances for ensuring an ever expanding export horizon for Bangladesh in the days to come.

Once we can successfully tap these latent possibilities following a well-planned and well-guarded export promotion policy, it will surely start working in the desired way we devise it. Time is fast running out for a pragmatic and smart policy in the export sector.

To boost up the export of non-traditional items, it is the first and foremost imperative to back up the entrepreneurs of the non-traditional items financially. At the same time, highest possible importance has to be given for improvising and manufacturing quality products.

The investment that can ensure the safest profitable returns has to be given the topmost priority. Through a number of feasibility studies, it has been crystal clear that there has been a huge demand for Bangladeshi non-traditional export products like handicrafts of wood, cane and bamboo works in the markets of both the EU countries and the USA.

Moreover, other products like fruits and vegetables have great attractions for the buyers of these countries. However, there are certain accompanying limitations in exporting the non-traditional products like the high freight charge for long distance shipment and the duty burden of those countries.

These challenges can well be addressed once we are able to ship an enviable volume of products. There is a special privilege in the cases of non-traditional export items and this is obviously a relatively relaxed competitive market in the overseas countries for these items. Out of the export items barring a few fixed items all items are actually non-traditional items.

So, there are huge potentialities and possibilities for non-traditional items in augmenting our export earnings in a sure-fire way. But our success in this challenging venture depends hugely on how best we can exploit the potentialities of our business diplomacy. It is an unavoidable truth that the more a country is advanced in business diplomacy the better it is for its giant export leap.

In the context of the new millennium realities, it is high time to revise the whole gamut of our export policy. To reduce our huge export-import imbalance, we have to customize our related policies incorporating the necessary strategies and stratagems studying the export policies of other advanced countries.

Finally, we have to remember that for reaping the optimum benefits in export sector, we must be very open-ended in our attitude.Controlled items: Banned items may not be imported; restricted items may be imported under certain conditions.

See the Bangladesh Import Export Policy for details. Counterfeit products: products with counterfeit trademarks, obscene and offensive materials, horror comics, and products falsely represented as originating in Bangladesh are prohibited. Bangladesh exports a total number of items every year accounting for varying volumes and percentages.

Readymade garments and accessories are the highest earning export items of Bangladesh at the moment. All kinds of RMG items and clothing make .

Export potential of non-traditional items and business diplomacy

List of top / best Electronic Goods Importers, Distributors, Sellers & Suppliers companies in Bangladesh - Electronics, Importer, Supplier, Distributor, Wholesaler, Trader, Passive Devices,Power Converters,Audio Video Products, Products.

In a sign of Bangladesh’s increasing importance as a garment industry source, exports to non-traditional countries spiked by percent over the last fiscal year, according to a report from the Export Promotion Bureau, a government agency under the Ministry of Commerce.

Staff Correspondent Commerce Minister Tofail Ahmed on Sunday said the government is laying special emphasize on mainstreaming non-traditional commodities side by side the traditional ones in a bid to boost the country’s export earnings.

Incentives for Export of Non-traditional Industrial Products: Incentives will be given to the export of non-traditional and new industrial products having at least 40% value addition; Fire and shipping insurance will be fixed at a concessionary rate for export-oriented industries.

Bangladesh: Import (general)