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Presentation On

Export jute and jute product

Presented By Md.Ariful Islam ID: 111 112 042 Juton Kumar Saha

ID: 111 111 237 Md.Salsabil Hasan

ID: 111 112 049 Apu Chandra Das

ID: 111 112 073 Abu Siddik Sumon

ID: 111 112 045 Monir uddin Masum

ID: 111 112 005

Introduction

Bangladesh is the largest exporter of raw jute. Bangladesh export and supply jute and jute product.

JUTE is the single most important export item of Bangladesh

About 50 million people of this land are directly or indirectly involved in various activities related to jute and jute manufacturing

To Be Continued…

Cont..... The country made bags, best

quality jute sacks, jute hessian bags, food grade bags, jute yarns twines etc. by jute

Bangladesh’s jute goods export are Middle East, African Countries, European countries, South East Asia, Australia and USA.

Export Procedure and Documentation: When preparing to shipping a jute product overseas,

the exporter needs to be aware of packing, labeling, documentation, and insurance requirements.

Packing correctly so that it arrives in good condition

Labeling correctly to ensure that the goods are handled properly

Cont.....

Documented correctly to meet local and foreign government requirements

Insurance requirements against damage and loss of jute goods.

The new exporter must be sure to follow all shipping requirements.

Freight forwarders

The international freight forwarder acts as an agent for the exporter in moving cargo to the overseas destination.

Freight forwarders advise to exporter how they minimize export cost

And arrange or booking transport for exporting jute goods

Documentation

Letter of credit for the payment of exporting jute LC is the main document. according to

the jute export of Bangladesh a foreign buyer open a LC for the particular supplier under BJMC.

Commercial invoice

The overseas buyer also need commercial invoice to clear the goods from customs, prove ownership, and arrange payment

Jute expoter provide commercial invoice when they export jute to overseas buyer

Cont...

Bill of lading:

Bills of lading are contracts between the owner of the goods and the carrier (as with domestic shipments)

Invoice:

jute export processing invoice is made by the supplier before the product shipment.

Cont...

Other document Certificate of origin Inspection certification Dock receipt and warehouse receipt Insurance certificate  

Export Trend

Transportation Mode

Mainly exported by the sea transportation.

The raw jute export to the india by truck. In intermodal transportation jute supplier

use their own or association truck to transport the product into the desire point of exit.

Bangladesh don’t use train for intermodal transportation

Export Distribution Channel Generally use indirect channel Supplier first contact with the BJMC BJMC find the potential buyer BJMC give all information about the buyer to the

potential seller.

Problems

Political instability Watter problem Because of the war market

have fall down in Middle East countries.

Budget problem

Problems

The situation in the domestic market is not encouraging.

Farmers are counting losses in jute cultivation. Wage increase of the labor is also having impact

Recommendation

Marketing system of BJMC jute mills needs to be changed.

Political environment should be stabled or organized of our country.

An appropriate mechanism has to be found in this regard.

Recommendation

Government should ensure that farmers get their fair prices

encourage the dealers/traders to improve quality, quantity and punctual delivery of jute goods

Govt. should provide an good amount of budget in jute sector.

Conclusion

If our government and private sector properly regulate and focus in our jute exporting and manufacturing then our economic growth rate will increased.

Thank You Everyone

Any Question?