Bangladesh's Corporate World

Due to the presence of biased obligation benefits, there is a chance that Bangladesh might find difficulties to compete with Africa nations to export garments to the U.S. Export of various garments to the US produced in African nations is increasing gradually with the zero-duty benefit under AGOA. This has been increased by 9.66% and reached $926.8 million in 2013, as stated by the US Department of commerce. Bangladesh is considered to be the most important country to export attires worth $5 billion per year to US by the payment of 15.61% duty. Garments exporters here had to pay worth $828 million as a duty to the customs of US in 2013 and a total of $3.41 billion in the past five years. Compared to the first 5 months export business of 2013, garment export to US by Bangladesh has decreased by 1.12% to$2.18 billion in this year. It is assumed that our competition will get tougher if African nations proceed this way to export to the US. The unfair duty system and expensive production c...

Along with readymade garments sector; IT, ceramics, pharmaceuticals, footwear, banking and healthcare sectors of Bangladesh are increasingly grabbing attention of the international market. There are some key factors behind this such as top class training of human resources, export diversification, large foreign and local investments, adapting modern technology and the dynamic change in the local corporate culture. Mizanur Rahman, Marketing Director of Square Pharmaceuticals stated in a discussion that a big number of their products are in a very high demand in the international market as it has the quality to compete with any recognized international brand. Bangladesh is currently ranking at number 2 in the leading readymade garment exporting countries of the world. According to Mr Abdus Salam Murshedy, former president of Bangladesh Garments Manufacturers and Exporters Association, there are more than two hundred local apparel companies regularly exporting high quality...