Business Strategies of Bangladesh and U.S.

• Initially known as East Pakistan, Bangladesh is a poor country featuring negative trade balance since its independence in 1971. The country’s economy experienced vast improvement in the 1990s. However, foreign trade in South Asian region still is an area of concern. 

• The United States of America is the only superpower in the world today. Various international organizations like the UN, World Bank, IMF are directly influenced by US policies. The affairs of most countries in the world are also more or less influenced by Washington. The influence of the US is all pervasive encompassing the economic, political and security related issues that concern most countries of the world.

• “Bangladesh has a long trading relationship with USA. Though export has been gradually declining but still has a future in bilateral trade.” – Professor Dr. Mahboob Ali, Head of the Dept., M H School of Business, Presidency University.

•  “We, Secretary of State Hillary Rodham Clinton of the United States of America and Minister for Foreign Affairs and Member of Parliament Dr. Dipu Moni of the People’s Republic of Bangladesh, affirm the strong bonds of friendship and shared values that exist between our two countries and reaffirm our desire to deepen our partnership in addressing bilateral, regional and global issues to the mutual benefit of both Bangladesh and the United States.” – Both ministers for Foreign Affairs of US and Bangladesh on Hillary Rodham Clinton’s Bangladesh visit on July 8th, 2012..

The main objectives of the study are:

• To understand the economic relation of US and Bangladesh,

• How to boost the relation up in future, what both the countries can do.

• Books• Internet• Course Teacher

The relationship between Bangladesh and U.S.

Areas of interests• Political stability• Democratization• Continuation of economic reform and

market opening policies• Social and economic development• Environmental issues• Counterterrorism• Improvement of the human rights

situation• Investment facilities• Exports and imports.

Approximately 96% of Bangladesh’s total exports to the United States are readymade garments and textile products. For example, woven products like shirt, pant, jackets, dresses, blazer etc, knit products like t-shirts, sweaters, lingerie etc, then other products like buttons, tags, hangers etc.

Bangladesh exports frozen fish, and sea foods as well in a large quantity.

Bangladesh exports headgears too.

Bangladesh exports some other items that include leather goods, tea, jute products like carpets etc.

Bangladesh exports to United States of America:

Bangladesh imports from United States of America:

• Cotton, yarn and fabric.

• Machineries

• Iron and steel products

• Electrical machineries.

• Optic and medical instruments.

• Others like dry food, toiletries, cosmetics,

beverages, fashion products and many others.

Foreign Direct Investment in Bangladesh:

• Chevron, Unocal• American express• Coca-cola• Yum! Brands

Like other Asian countries, Bangladesh should look

after the issues we discussed earlier, and then take a

proper look after international communication, and

engage professionals public relation and

communication firms to assist them. But it should be

started in a moderate way and then gradually expand

the activity over the next few years.

Issues and factors to be looked after…..

• Increasing strategic alliance• U.S tariff and quotas on export from

Bangladesh• Duty free access• Corruption• Labor unrest• Power and Energy crisis• Political instability• Ports and waterways• Land accessibility• Custom laws and regulations• Tax rates• Licenses and permits etc

Presented By:

• Ruzina Akter 082-057-025

• Sharmin 101-008-025

• Priyanka Rani Sarkar101-028-025

• Sabah Naorin 102-078-025