Export :
Like many other third-world countries, Bangladesh relies quite heavily on exports to provide for the needs of its densely populated nation. The same products sold locally will generally fetch a much lower price than they would on the international market. This means that it is far more profitable for the country to engage in exportation than it is to engage in local trade. While this may mean that a large percentage of the countries GDP is sent off abroad as Bangladesh exports instead of being enjoyed by the country’s own people, it also allows for a steady influx of foreign currency.
Currently Bangladesh’s main export items are garments, jute and jute-related goods, leather, frozen fish and seafood. Just three years ago the country made over $2,000 billion from export trade. The majority of the country’s trade is conducted with the USA but a small portion of exports also sees its way to Germany, the UK, France and Italy. However these figures should not mislead you into thinking that the country is well-off. As one of the poorest and most densely populated countries in the world, the majority of these profits will generally make their way into the pockets of a few wealthy while the rest will be thinly spread out amongst those involved in the production of these goods. To add to this, the country’s economy depends on an erratic monsoon cycle as well as drought and flooding which makes regular harvesting difficult.
Besides these Bangladesh exports, the country is also engaged in the production of rice, tea, sugar wheat, ship scrap metal, textiles, fertilizer, pharmaceuticals, ceramic tableware and newsprint. Though yields can at times be quite high, the country still faces widespread poverty and it is struggling to free itself from this. Some progress has been made, but there are still many people living below the breadline in Bangladesh.
Definition on Import:
Buying of goods & services from foreign countries for sales is considered as import. The person or organization who import the goods & services from foreign countries is known Importer and from which goods & services are imported is known as Exporter. In case of Import, the importers are asked by their Exporters to open a Letter of Credit (L/C). So that there payment against goods & services is ensured.
Animals and animal products (general)
A health certificate is required for certain animals, particularly livestock.
A sanitary certificate is required for fish and fish products.
Imports of live swine and products thereof are prohibited.
Pig and poultry fat, pig hair, eggs (except hatching eggs), lard, lard oil, tallow oil and other animal products are prohibited from import.
Animals: Live
Imports of fish and fish products require a sanitary inspection certificate.
A health certificate is required for livestock.
Imports of live swine are prohibited.
Animal products: Dairy
Eggs are prohibited.
Radioactivity tests (pre-shipment) are required for imports of milk, milk food, and milk products.
Specific packaging and labeling requirements apply to milk products, baby food products made from milk and milk products with cream.Milk and any products containing milk may be imported in cans and in bulk. The container must indicate the ingredients in Bangla and also must show the manufacturing and expiration dates in Bangla or English. For more detailed information see Import Policy Orders.
Animal products: Meat
General requirements for shipping meat and meat products (applicable to most countries):
• For importation, meat shipped fresh or frozen requires specified inspection and health certification (e.g., a meat inspection certificate) issued by the government of the country of export. Meat must be free of filth, and must be deemed fit for consumption by health officials in the destination country before release for distribution. Meat that has been processed and packaged in such a way as to prevent spoilage during distribution, is subject to generally applicable requirements for importation of processed foods.
Animal products: Seafood
Imports of fish and fish products require a sanitary inspection certificate.
• "In case of import of canned fish, the date of manufacture, the date of expiry and net weight shall be clearly embossed or computer printed in permanent ink in Bangla or in English on its container and printed label shall not be pasted on the container separately."
Plants and plant products (general)
A phytosanitary certificate is required for the import of most plants and plant products. Fruits and vegetables, except potatoes, are exempt from this requirement.
An additional certificate is required for leaf tobacco.
Raw sugar, poppy seeds and dried posto dana, ghas, bhang, and opium are prohibited.
Tobacco products
An additional certificate is required for leaf tobacco.
Food products (general)
All food products require a certification "from the government of the exporting country or from appropriate approved agency to the effect that the item is 'fit for human consumption', 'that it does not contain harmful ingredients', or that 'it is free from all kinds of harmful germs.' Such a certificate shall mention the age group for which the item is eligible for consumption."
