Term Paper on International Business- Jute Export Condition of Bangladesh

This report covers the total aspect of jute export condition of Bangladesh giving snap shot of overall export feature, export policy review. Analysis of jute export features including: - achievement of jute export target, comparative analysis of jute export earnings, comparative analysis of jute and non-jute export features.

This report shows that Out of total export earnings, the share of jute sector was 5.19% during FY 2002-2003 as against.5.09% during preceding year. Actual Export of raw jute and jute goods exceeds the expected level by 34.07%. Export earnings from jute and jute goods increased during FY2002-2003 in comparison to FY2001-2002 by 42.56%. The export of jute and jute items were growing negatively whereas the non-jute items were growing positively. The decline of jute export was started during FY 1985-1986. The demand for raw jute is increasing highly in comparison to jute goods. For promotion of export of jute and jute goods: we should undertake extensive publicity of jute and jute goods as environment-friendly natural fibre and diversification of the uses of jute products. This report has broadly discussed these issues.

The Export Policy 1997-2002 is still valid because the policy shall be considered valid until the next Export Policy is announced, the main provisions of the policy are given below. If any provision of this policy is found inconsistent with any provisions of the Imports and Exports ( Control ) Act, 1950, or of the Import Policy Order, the Ministry of Commerce shall be entitled to amend, alter or modify such provision.
2.1.1 Acceleration of production and expansion of trade result in growth of national wealth. Increased production in export sectors may become the prime mover in the development cycle in a densely populate of Bangladesh like our as this will generate employment opportunities which in turn will generate savings and investment on consequent flow of capital. The prime national objective of poverty alleviation will thus be materialized. As a first step towards reaching this goal we need to look at the country's production infrastructure.
2.1.2. Our export trade is featured by the dominance of a few commodities in a narrow market. Such dependence on at limited number of export items targeted a limited market is not desirable for economic development. We must, therefore, aim both at product and market diversification or else our export trade will become stagnant in the near future.
2.1.3. Our export trade must keep pace with the projected GDP growth @ 7% and make due contribution through increased export earning. In this exercise it is imperative to identify new thrust sectors, increased export of higher value added items, diversify product wise , ensure products quality, improve packaging, attain efficient productivity. We should aim at marketing quality products at competitive price at the correct time.
2.1.4.. The Export Policy 1997-2002 has been designed to operate in the imperatives and opportunities of the market economy with a view to maximizing export growth and narrowing down the gap between import payment and export earning.