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7/28/2019 export import process in Bangladesh
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WELCOME
MD MEHEDI HASAN
ROLL: 23
7/28/2019 export import process in Bangladesh
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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