export import process in Bangladesh

7/28/2019 export import process in Bangladesh

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WELCOME

MD MEHEDI HASAN

ROLL: 23


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Export and Import in Bangladesh


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Export & Exporting

Exportmeans goods or services sold to foreign

countries.

Exporting means the process of selling of goods

or services to foreign countries.


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The steps of exporting

1. Importer-Exporter Code (IEC) Number2. Register with the export promotion council

3. Procuring orders

4. Documentation & Billing

5. Shipment & sending of documents to the

importer

6. Submission of documents to bank

7. Bank sends docs to importers bank .

Payment is done


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Getting IEC Number

Registration with the

relevant export promotion

Market Identification

Channel Selection

Identifying the Potential

Buyers / Customers

Going for procuring orders

ProductionCertificate of quality control

Prepare marine, air, and

documents

Documentation & Billing

Transportation

Maritime / Air / Road / Rail

Submission of docs to banks

Bank sends docs to

importers bank .payment isdone


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Advantages of Exporting

1. Increased Sales and Profits

2. Enhance Domestic Competitiveness

3. Gain Global Market Shares

4. Diversification

5. Compensate for Seasonal Demands

6. Create Potential for Company Expansion

7. Sell Excess Production Capacity

8. Expand Life Cycle of Product


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Exporting Challenges

1. Extra Costs

2. Product Modification3. Financial Risk

4. Export Licenses and Documentation

5. Market Information


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Import & Importing

Importmeans goods or services purchased from

another country.

Importing means the process of purchasing of

goods or services from another country.


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Steps of Importing

1. Select a product to import2. Achieve import license

3. Finding seller

4. Negotiate a deal with seller5. Giving order

6. Collection of foreign exchange

7. Opening L/C

8. Receiving Documents

9. Completing formalities regarding tariff

10.Delivery of Goods


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Flow chart of ImportingSelect a product to import

Achieve import license

Finding seller

Negotiate a deal with seller

Giving order

Collection of foreign

exchange

Opening L/C Receiving Documents

Completing

formalitiesregarding tariff

Receiving of Goods


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Benefits of Importing

1. Reduced costs

2. Good quality items

3. Remote management


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Limitations of Importing

Exchange rate fluctuation

Financial Risk

Payment to government as the form of Tariff


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ComparisonYear Ratio of export and import

2007-08 1:1.452008-07 1: 1.392009-08 1:1.322010-11 1:1.522011-12 1:1.47


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Export-Import InformationYear Import (Billion US $ ) Export (Billion US $ )

2001-02 8.54 5.992002-03 9.66 6.552003-04 10.90 7.602004-05 13.15 8.652005-06 14.75 10.532006-07 17.16 12.182007-08 20.37 14.112008-09 21.44 15.57


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Impact of political instability in Export

1. Hamper shipment process2. Affect supply chain

3. Increase lead time

4. Discourage foreign buyer

5. Affect production unit

6. Reduce competitive advantage

7. Increase production cost


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Suggestion for increasing exporting in

Bangladesh

1. Fullest access of Bangladesh exports tointernational markets

2. Price stability and an appropriate exchangerate must be ensured

3. Hassle-free regulatory framework

4. Adequate infrastructure must be built

5. Proper quality of exportable items must bemaintained

6. Government backed trade related servicesare essential


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Suggestions (contd..)

7. Close partnership between the Government

and the business community is crucial

8. Market diversification


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THANK YOU

export import process in Bangladesh

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