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In 1972-73, the export earnings of the country totalled US$348.33 million, of which 90% came from the jute export sector. The other major export producing items were tea and leather. Since then, the country has been widening its export base. The situation has now vastly improved with addition of non-traditional items like readymade garments, shrimps, fish, finished, leather, newsprint chemical fertilizer, handicrafts, naphtha, ceramic products, fresh fruits, flowers and vegetables, etc. As a result, the export earnings increased, estimated to be US $ 5020 million during 1997-98.

The major importable items include raw cotton, textile fabrics and accessories cotton yarn, petroleum products, capital machinery, automobiles including spares and accessories, industrial chemicals and dyes, pharmaceutical raw materials, milk food, edible-oil, coal, ferrous and non-ferrous metals, cement, etc. The value of imports during 1997-98 has been estimated to be US$ 7525 million.

In line with the global trend, the government has steadily liberalized its trade barriers and significant progress has been achieved in recent years in reducing or eliminating non-tariff restrictions, rationalizing tariff rates and raising export incentives.

An increasing number of products has been removed from the market because they cheat the consumer.

http://www.asiatour.com/bangladesh/e-01land/eb-lan14_c.htm
Jan Garanoz
Juhu Tara Road, Juhu,
Mumbai - 400049 India
Last updated: May 9, 2010