Bangladesh Economic Overview

(Fiscal year 2016-17)

 Bangladesh Economy Standing Strong
Sector July 2011- June 2012 July 2016- June 2017
GDP Growth 6.32% 7.28%

Manufacturing Growth 9.37% 10.97%

Export (In million US$) 24288 34019

Import (In million US$) 35516 43491

Bangladesh has become the lower
middle income country from an
LDC based on GNI performance. Private Investment as %
19.10% 23.10%
of GDP
Vision to graduate to a middle
income country by 2021.

Becoming a developed country by FDI Inflow (In US$) 1136.38 2554.81

2041.

Per Capita GNI (In US$) 840 1610

Poverty Rate 31.5% 24.3%

Remittance (In million

12843 12770
US$)

Foreign Exchange Reserve 10364 33407

Inflation 10.62% 5.44%

 Market Access for Bangladesh
EU GSP Entitled to the EBA scheme, which grants full duty free and quota free access to the EU Single Market for all products except arms and armaments.

Japan GSP RMG from Bangladesh is getting one stage policy in determining Rules of Origin to Japanese market.

Australia GSP At least 50% of the total cost of the final product must consist of labor/material from one or more developing countries or Australia.

At least one-half of the factory works cost of the finished products is represented consist of labor/material from one or more developing countries or from
New Zealand GSP
New Zealand.

Bangladesh has been enjoying the General Preferential Tariff - GPT facility (duty-free, quota free access to Canadian market, as GSP in EU) in the apparel
Canada GSP
sector. The facility will remain till 31 December 2023.

The good is produced entirely in the territory of a Least Developed Country, exclusively from originating materials or Value addition from non-originating
Chile GSP materials that meet a regional value content (including packaging and packaging materials) of not less than 50% or a change in tariff heading (including
packaging materials).

Goods produced or manufactured entirely in the beneficiary country shall be regarded as originating provided that the last substantial transformation
China GSP
(Four digit tariff heading under HS) has been performed in that country or at least 40 per cent of (ad valorem percentage) of FOB value to be added locally.

Switzerland GSP One stage policy in determining Rules of Origin allows duty free access for apparel

The value of non-originating input (CIF Price) requirement is up to 60% of the FOB price of the final products. For apparel products 40% domestic input
Korea GSP
criteria should be maintained.

Norway GSP Bangladesh tagged as a LDC, can import their goods free of duty.

The total value of the non-originating materials, parts, or produce used in the manufacture of the export product does not exceed 70 per cent of the Free
India GSP
on Board (FOB) value of the product so produced or obtained (i.e. the local value added content in the beneficiary country is at least 30 per cent)
 Country Wise Export

Others
China 18%
2%
Japan
3%

Canada
3%
EU
55%

USA
19%

EU USA Canada Japan China Others

 Export Earnings by Major Commodities
Others Jute goods
11.85% Frozen foods
2.89% 1.49%
Engineering products
2.05%

Leather
0.75%

RMG
80.97%

Jute goods Frozen foods RMG Leather Engineering products Others

 Country Wise Import

China
21.50%

Others
45.30%
India
12.20%

Singapore
9.20%
EU
HongKong 6.20%
5.50%

China India Singapore EU HongKong Others

 Import by Major Commodities

Others Consumer goods

16% 12% Intermediate goods
9%
Petroleum products
5%

Machinery for misc.

industry
10%

Capital machinery
11% Industrial raw
materials
37%

Consumer goods Intermediate goods Industrial raw materials

Capital machinery Machinery for misc. industry Petroleum products
Others