DOCSLIB.ORG

High Commission of India Dhaka

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
High Commission of India Dhaka DOING BUSINESS WITH BANGLADESH FREQUENTLY ASKED QUESTIONS (FAQs) HIGH COMMISSION OF INDIA DHAKA March 2019 1 Doing Business with Bangladesh Third Edition, 2019 © High Commission oflndia, Dhaka Designed & Printed by SMS Network, Dhaka [email protected] Online version of this Brochure is available at www.hcidhaka.gov.in Forfurther information, please contact: Second Secretary (Commercial) Tel: 00880-2-55067329 [email protected] Disclaimer This Brochure aims to provide information guidance to investors and business community in India seeking to explore business opportunities in Bangladesh. Prior to taking any commercial and investment decisions, it is advised that due diligence and independent checks with relevant Bangladesh authorities on latest information and legal requirements be undertaken.The High Commission does not take any liability in relation to the contents of this Brochure. Links to Internet sites referred to in this brochure should not be construed as endorsement by the High Commission of views contained therein. 2 Message from High Commissioner Bangladesh is India’s most important trading partner in South Asia. Our trade and commercial ties have seen tremendous growth over the last few years with bilateral trade having grown by over three times to USD 9.5 billion in 2017-18 from USD 3.11 billion in 2008-09. There is great interest from the private sectors of the two countries to invest and set up joint ventures in each others’ country, and several leading Indian companies have already invested in Bangladesh. Governments of India and Bangladesh are also committed to create an enabling environment for further promoting growth of bilateral commercial ties. Both Governments are working on improving cross- border connectivity by facilitating road, rail, waterways and airways transportation. Emphasis is also being laid on improving trade and immigration infrastructure at our borders to facilitate easier flow of goods and people. In this context, we have come out with the revised edition of brochure providing answers to questions normally posed by Indian businesses seeking to understand the economic climate in Bangladesh, our bilateral engagement, connectivity and institutional framework for facilitating trade and investment. I am hopeful that this will be useful for the Indian business community. We welcome your comments, suggestions and feedback to further improve the brochure. You may write to [email protected] in this regard. Riva Ganguly Das 3 01. What are the salient features of Bangladesh economy? Economic growth in Bangladesh in the last decade has been impressive with the country registering an average GDP growth of over 6% per annum. Bangladesh economy grew at 7.11% in 2015-16, at 7.28% in 2016-17 and at 7.86% in 2017- 18 (financial year from July to June). Bangladesh’s GDP in 2017-18 stood at US$ 274.52 billion. The per capita income also grew to US$ 1,751 in 2017-18from US$ 1, 610 in 2016-17. According to a report published by PricewaterhouseCoopers (PwC), Bangladesh is expected to be amongst the three fastest growing economies in the period up to 2050 averaging growth of around 5% a year. Economic Growth in Bangladesh (%) 7.86 7.11 7.28 6.55 6.01 6.06 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 4 Sectoral Share of GDP, 2017-18 Agriculture 14% Services Industry 56% 30% Bangladesh has also moved forward on social and human development fronts. In March 2018, Bangladesh for the first time met all three criteria (minimum gross national income of US$ 1230, minimum human assets index of 66 and economic vulnerability index below 32) for graduating from the LDC status. Bangladesh is expected to graduate from the LDC status in 2024. Industrial sector in Bangladesh is dominated by the Readymade Garments (RMG) industry. Other important sectors include pharmaceutical, agro-processing, leather goods, shipbuilding, construction, ICT, jute goods, and ceramic products. With sustained economic growth and an expanding middle class, Bangladesh presents great opportunities for both trade and investment. 5 Bangladesh: Basic Information Area 1,47,570 square km Capital Dhaka Population 163.65 million 8 Division 64 Districts Administrative Units 491 Upazilas (Sub- districts) Dhaka,Chittagong, Major cities Sylhet, Rajshahi, Khulna, Barishal, Rangpur Financial Year July – June Taka (Tk. Or BDT, Symbol = $) US $ 1.00 = Tk. 83.95 (As Currency on 10 February 2019) INR 1.00 = Tk. 1.17 (As on 10 February 2019) Inflation (December 2018) 5.54% GDP (2017-2018) US $ 274.52 billion GDP Growth (2017-2018) 7.86% GDP Per Capita (2017-2018) US $ 1,675 GNI Per Capita (2017-2018) US $ 1,751 Industrial Growth (2017-2018) 12.06% Net Foreign Direct Investment (2017-2018) US $ 2.58 billion Total Exports (2017-18) US $ 36.67 billion Total Imports (2017-18) US $ 58.87 billion Foreign Exchange Reserve (January 2019) US $ 31.27 billion Remittances (2017-2018) US$ 14.98 billion Standard Time IST +30 minutes (Source: Bangladesh Bank, Bangladesh Bureau of Statistics, Bangladesh National Portal) 6 02. What are the principal export destinations and main products exported by Bangladesh worldwide? Bangladesh’s total exports in 2017-18 stood at US$ 36.67 billion. Exports are dominated by the RMG sector which contributes over 80% of the total exports. Other major items exported by Bangladesh include leather and leather goods, frozen food, jute and jute products etc. Bangladesh’s principal export destinations include: United States, Germany, United Kingdom, Spain, France, Italy, Netherlands, Japan, Canada and Poland. Bangladesh’s Top Exports, 2017-18 (US$ billion) Footwear and Headgear, 1.02 Rags and Other Clothings, 1.01 Jute and Jute Goods, 0.90 Leather and Leather Goods, 0.52 Others, 2.61 Readymade Garments 30.61 (Source: Export Promotion Bureau, Bangladesh) 7 Bangladesh’s Main Export Destinations, 2017-18 (US$ billion) Spain, 2.46 France, 2.00 Germany UK 5.89 USA 3.99 Italy, 1.56 5.98 India, 0.87 Others 13.91 (Source: Export Promotion Bureau, Bangladesh) 03. What are the principal sources of imports and main products imported by Bangladesh? Bangladesh’s total imports in 2017-18 were US$ 58.87 billion. Major items imported by Bangladesh include capital machinery and goods, textile and articles, iron, steel & other base metals, petroleum, raw cotton and yarn, chemicals, plastics, edible oil, rice etc. Bangladesh’s principal sources of import include China, India, Singapore, Japan, Indonesia, USA, Brazil, Malaysia, Republic of Korea and Thailand. 8 Bangladesh’s Top Imports, 2017- 2018 (US$ billion) Textile Capital Machinery 6.37 Iron, Steel & Metals 5.14 4.39 POL 3.31 Raw Cotton 3.02 Plastics and Rubber 2.33 2.17 Yarn 2.15 Chemicals 1.76 1.57 Edible Oil Rice (Source: Bangladesh Bank) Bangladesh Main Sources of Import, 2017-18 (US$ billion) Singapore, 2.70 India 8.62 Japan,1.87 Indonesia, 1.77 China 11.71 Others 32.20 (Source: Bangladesh Bank) 9 04. What is the state of India-Bangladesh trade and commercial relations? Bangladesh is India’s biggest trading partner and destination for Indian exports in South Asia. India is also the second largest source of imports for Bangladesh. Since 2011, India has granted full market access to Bangladesh which has resulted in a sustained increase in Bangladesh exports to India, particularly the export of readymade garments (RMG). Bangladesh’s garment exports to India increased to US$ 278.68 million in the year July 2017-June 2018 from just US$ 55 million in July 2011-June 2012. RMG export to India in July 2017-June 2018 increased by 114.68% compared with the same period previous year. Total Bilateral Trade (US$ billion) 9.49 6.80 6.34 6.14 6.49 2017-18 2016-17 2015-16 2014-15 2013-14 10 Bangladesh’s Exports to India (US$ million) 873.27 689.62 672.4 527.16 456.16 2013-14 2014-15 2015-16 2016-17 2017-18 Bangladesh’s Imports from India (US$ billion) 6.03 8.62 5.82 5.45 6.13 2013-14 2014-15 2015-16 2016-17 2017-18 (Source: Bangladesh Bank, Export Promotion Bureau, Bangladesh) Several Indian companies have also invested in Bangladesh across a wide range of sectors. These include Marico, Emami, Dabur, Asian Paints, Pidilite, Godrej, Sun Pharma, Tata Motors, Hero MotoCorp etc. Three economic zones meant for exclusively Indian investments in Bangladesh (in Mirsarai, Bheramara and 11 Mongla) are also in the pipeline. These will further facilitate Indian investments in Bangladesh. Bheramara Proposals for outward investment Mirsarai from Bangladesh to India are Mongla subject to approval by Bangladesh Bank and the concerned Ministry/ Department in India. 05. What are the top ten products exported by India to Bangladesh? Raw Cotton, Yarn & 1729.9 Fabric Cereals 1330.1 Vehicles 983.8 Machinery, Boilers, Equipment etc. 649.8 Residues and Waste 371.1 Edible Vegetable 341.9 Electrical Machinery 282.1 Iron and Steel 279.4 Plastics & Plastic 221 Goods Organic Chemicals 213.4 (Source: Bangladesh Bank) 12 06. What are the top ten products imported by India from Bangladesh? Readymade Garments 278.68 Jute and Jute Goods 158.10 Animal or Vegetable Fats & Oils 39.16 Rags and Other Clothings 33.62 Lead & Lead Goods 29.96 Fish & Crustaceans 27.13 Beverages, Spirits and Vinegar 25.67 Copper & Copper 23.80 Goods Plastics & Plastic 23.49 Goods (Source: Export Promotion Bureau, Bangladesh) 07. Where can one access information on Bangladesh’s global imports and exports of different products? Import Data: The Bangladesh Bank (central Bank of Bangladesh) has made available detailed data on country- wise imports of different products by Bangladesh from 2002- 03 onwards. From 2012-13, this data is available for four digit 13 level HS Codes.
Load more

Recommended publications
  • India: Ancient. Culture. Democracy. a Panel Discussion with Reception to Follow
    FIRST-CLASS MAIL PRESORTED U.S. POSTAGE PAID SCRANTON, PA 800 Linden Street PERMIT NO. 520 Scranton, Pa 18510 The Fourth Annual Presentation in the JAY NATHAN, PH.D. VISITING SCHOLAR LECTURE SERIES India: Ancient. Culture. Democracy. A Panel Discussion with Reception to Follow Wednesday, March 29, 2017 • 5:30 p.m. – 8:00 p.m. Moskovitz Theater, The DeNaples Center The University of Scranton, Pennsylvania At the conclusion of the Panel Discussion, Kadhambari Sridhar will perform traditional dance. A reception will follow the performance. The evening is free of charge and open to the public but reservations are encouraged. Please register at scranton.edu/JayNathanLecture or call Kym Balthazar Fetsko at 570.941.7816. The Jay Nathan, Ph.D. Visiting Scholar Lecture Series The Jay Nathan, Ph.D. Visiting Scholar Lecture Series invites international scholars from the emerging democracies and the countries in political and economic transition to visit The University of Scranton to address issues that will enlighten and benefit students, faculty and community-at- large. Its purpose is to enrich the intellectual life or share a cultural exposition in the arts or music for both The University of Scranton and our Northeastern Pennsylvania community. This annual lecture initiative will highlight the research and contributions of guest scholars of international repute who will visit the University to discuss timely and timeless subjects. While visiting campus, scholars will deliver presentations on topics of interest to the academic community and meet informally with attendees, students and faculty. India: Ancient. Culture. Democracy. A Panel Discussion with Reception to Follow AMBASSADOR RIVA GANGULY DAS, DR.
    [Show full text]
  • India's Role in Facilitating Trade Under SAFTA
    Working Paper 263 India’s Role in Facilitating Trade under SAFTA Nisha Taneja Shravani Prakash Pallavi Kalita January 2013 INDIAN COUNCIL FOR RESEARCH ON INTERNATIONAL ECONOMIC RELATIONS Contents Abstract ........................................................................................................................... i Executive Summary ...................................................................................................... ii 1. Introduction ............................................................................................................. 1 2. Liberalisation of Tariffs under SAFTA and India’s Bilateral FTAs ................. 2 2.1 India Pakistan ...................................................................................................... 2 2.2 India -Bangladesh ............................................................................................... 3 2.3 India-Nepal .......................................................................................................... 4 2.4 India- Sri Lanka .................................................................................................. 5 3. Non-Tariff Barriers ................................................................................................. 6 4. Transport .................................................................................................................. 8 4.1 Road Transport .................................................................................................... 8 4.2 Rail Transport ...................................................................................................
    [Show full text]
  • 6. Traffic Demand Forecast
    Preparatory Survey on the Cross-Border Road Network Improvement Project (Bangladesh) Final Report 6. TRAFFIC DEMAND FORECAST 6.1 Present Traffic Situation around the Target Roads 6.1.1 Outline of the Traffic Surveys In order to understand the present traffic situation around the target roads, a traffic count (T/C) survey and a roadside OD survey were implemented. The T/C surveys were conducted for the 3-day survey (for 12 and 24 hours on weekdays, for 12 hours on weekend) at 2 locations, for the 24-hour survey at 6 locations and for the 12-hour survey at 2 locations. The roadside OD survey, which included a 14-hour OD interview survey and 24-hour T/C surveys, was conducted at 5 locations. The location and survey types of these traffic surveys are shown in Figure 6.1.1 and Figure 6.1.2. Also, the surveyed vehicle type is shown in Table 6.1.1. T/C survey were implemented for all types of vehicles (①–⑭), and OD interview survey were implemented for the ③Passenger car (Sedan, SUV) & taxi – ⑪Utility, which are motorized vehicles except ①motorbike, ②CNG (Auto-rickshaw)/Baby taxi and non-motorized light vehicles used for the short distance trips, in order to grasp the origin and destination of the inter-city middle and long trip traffic. Table 6.1.1 Surveyed vehicle type Survey Vehicle Vehicle type Type code ① Motorbike T/C Only ② CNG (Auto-rickshaw)/Baby taxi ③ Passenger car (Sedan, SUV), Taxi ④ Micro bus (up to 15 seats) ⑤ Medium bus (16-39 seats) ⑥ Large bus (40 seats or more) T/C + O/D ⑦ Small truck (2 axles, less than 3 tons) ⑧ Medium truck
    [Show full text]
  • Sustainable Urban Transport Index (SUTI) for Dhaka, Bangladesh
    Final Report on Sustainable Urban Transport Index (SUTI) for Dhaka, Bangladesh Prepared By: NOOR-E-ALAM Superintending Engineer Roads and Highways Department Dhaka, Bangladesh October 2018 Sustainable Urban Transportation Index (SUTI) for Dhaka, Bangladesh Table of Contents CHAPTER 1: INTRODUCTION .............................................................................................. 1 1.1 Introduction ................................................................................................................. 1 1.2 Study area .................................................................................................................... 1 1.3 Objectives of the study ................................................................................................ 3 CHAPTER 2: CURRENT STATE OF URBAN TRANSPORT SYSTEMS ............................ 4 2.1 Major transport network and systems ......................................................................... 4 2.2 Key connection points of DMA .................................................................................. 5 2.3 Existing transport situation of Dhaka city ................................................................... 7 2.3.1 Major transport modes of Dhaka city .................................................................. 7 2.3.2 Modal share in Dhaka city ................................................................................... 8 2.3.3 Environmental perspective ..................................................................................
    [Show full text]
  • IBTEX No. 194 of 2020 September 7, 2020
    IBTEX No. 194 of 2020 September 7, 2020 US 73.14| EUR 86.54| GBP 96.80| JPY 0.69 NEWS CLIPPINGS INTERNATIONAL NEWS No Topics 1 US apparel imports decline by 32% 2 Decoupling not good for China or US 3 China’s Exports Kept Expanding in August, While Imports Fell 4 Hemp Traders making hemp fabrics in US 5 Egypt is best-placed in MENA apparel production: Fitch Solutions 6 Bangladesh: RMG export to US drops by 18.54pc in Jan-July Pakistan: Weekly Cotton Report: Prices increase under influence of 7 int'l market 8 Pakistan: Textile exporters claim cess not applicable on them Expanding Bangladesh, India, Nepal rail connectivity to boost 9 regional economy 10 Pakistan: Textile body assured of tariff rationalisation DISCLAIMER: The information in this message be privileged. If you have received it by mistake please notify "the sender" by return e-mail and delete the message from "your system". Any unauthorized use or dissemination of this message in whole or in part is strictly prohibited. Any "information" in this message that does not relate to "official business" shall be understood to be neither given nor endorsed by TEXPROCIL - The Cotton Textiles Export Promotion Council. Page 1 News Clippings NATIONAL NEWS 1 India’s virus woes hit imports more than its exports One Product One District: Govt's new programme to take the 2 'special' product of every district globally Customs to roll out pan-India faceless assessment for all imports by 3 October 31 Despite lockdown impact, UP govt hopeful of growth momentum in 4 export revenue Umbrella PLI
    [Show full text]
  • Making a Reconnection
    www.indianexpress.com 2017-11-11 Making a reconnection The distance between Kolkata and Khulna is only about 170-odd kilometres. That’s nearly 1,000 kilometres less than what you would travel to reach Delhi from Howrah, for instance. But such is the logic of nations and history, and the power of borders, that one figure has seemed far more momentous for the people of the two Bengals. Thus, a new weekly train between the two cities inaugurated on Thursday by the prime ministers of India and Bangladesh and the chief minister of West Bengal, is a welcome move. Now you can board the Bandhan Express in the morning in Kolkata and reach Khulna in a little over five hours — one small journey in freeing geography from the clutches of history. A rail connection between Khulna, an industrial city, and the West Bengal capital resumes after a break of 52 years. An earlier service, the Barisal Express, was cancelled during the 1965 India- Pakistan war, when Bangladesh was a part of Pakistan. In that respect, too, this is a long-overdue attempt to bring the two countries closer. Happily, India’s relationship with Bangladesh has been on an upswing since Sheikh Hasina’s landmark visit in 2010. On security issues, especially, our neighbour has been greatly sensitive to our concerns — even though the Teesta water-sharing remains unresolved. That such bigger hurdles are not standing in the way of the flow of people, ideas and cultures between the countries is a sign of maturity — something sorely missing on India’s north-western borders.
    [Show full text]
  • Status of Transport Connectivity Including Transit Facilitation In
    WELCOME 1 Welcome to THE COUNTRY PRESENTATION OF BANGLADESH 2 Contents of the Presentation 1.General Overview 2.Trade Scenario between Participating Countries 3. Cross- Border and Transit Transport by Land a. Roads b. Train 4. Present status and Challenges. 5. Legal Basis 6. Transport Facilitation Measures 7. Existing Challenges. 8. Suggestions 9. Conclusion General Overview • Area : 1,47,570 sq. kilo miters • Population : 152.70 million (2011) • Total GDP : US$ 150 billion (Aug, 2013) • GDP Per Capita: US$ 1044 (Aug, 2013) • Total Exports : US$ 27.02 billion (FY2012-13) • Total Imports : US$ 33.98 billon (FY2012-13) • Capital : Dhaka • Bangladesh achieved average 6% GDP growth during last five years. 4 Trade Scenario between Participating Countries Trade with Participating Countries F/Y 2012-13 (value in million US$) COUNTRY EXPORT IMPORT BALANCE OF TRADE Afghanistan 3.57 2.30 1.27 Pakistan 68.70 489.80 (-) 421.10 Iran 75.42 7.10 68.32 Bhutan 1.82 24.70 (-) 22.88 Turkey 637.81 224 413.81 Myanmar 13.67 84.10 (-) 70.43 India 536.96 4776.80 (-) 4212.84 Nepal 26.41 35.70 (-) 9.29 Trade with Participating Countries (Value in million US$) Land Ports of Bangladesh • In Bangladesh 21 Land Customs Stations have been declared as Land Port. Major L.P. are: 1. Benapole 2. Burimari 3. Akhaura 4. Sonamosjid 5. Hili 6. Teknaf 7. Bibirbazar 12 L.P.are managed by Bangladesh Land Port Authority, 06 L. P. are operated under BOT. Land Port Wise Trade(2011-12) (In million M.T.) NAME OF THE EXPORT IMPORT TOTAL PORT BENAPOLE 4.64 12.12 16.76 BURIMARI - 3.57 3.57 AKHAURA 5.75 .0017 5.7517 SONAMOSJID - 14.02 14.02 HILI 0.1072 6.03 6.1732 TEKNAF .0063 .85 .8563 BIBIRBAZAR 1.25 - 1.25 Port Wise Export and Import (In million MT) LEGAL BASIS OF ROADS CONNECTIVITY Procedure for Monitoring of entry/exit of Nepalese Vehicles through Phulbari- Bangladesh L.C.S.
    [Show full text]
  • Cachar District
    [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB SECTION (II)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 45/2010 - CUSTOMS (N.T.) 4th JUNE, 2010. 14 JYESTHA, 1932 (SAKA) S.O. 1322 (E). - In exercise of the powers conferred by clauses (b) and (c) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following further amendment(s) in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 63/94-Customs (NT) ,dated the 21st November, 1994, namely:- In the said notification, for the Table, the following Table shall be substituted, namely;- TABLE S. Land Land Customs Routes No. Frontiers Stations (1) (2) (3) (4) 1. Afghanistan (1) Amritsar Ferozepur-Amritsar Railway Line (via Railway Station Pakistan) (2) Delhi Railway Ferozepur-Delhi Railway Line. Station 2. Bangladesh CALCUTTA AND HOWRAH AREA (1) Chitpur (a) The Sealdah-Poradah Railway Line Railway Station passing through Gede Railway Station and Dhaniaghat and the Calcutta-Khulna Railway line River Station. passing through Bongaon (b) The Sealdah-Lalgola Railway line (c) River routes from Calcutta to Bangladesh via Beharikhal. (2) Jagannathghat The river routes from Calcutta to Steamer Station Bangladesh via Beharikhal. and Rajaghat (3) T.T. Shed The river routes from Calcutta to (Kidderpore) Bangladesh via Beharikhal. CACHAR DISTRICT (4) Karimganj (a) Kusiyara river Ferry Station (b) Longai river (c) Surma river (5) Karimganj (a) Kusiyara river Steamerghat (b) Surma river (c) Longai river (6) Mahisasan Railway line from Karimganj to Latu Railway Station Railway Station (7) Silchar R.M.S.
    [Show full text]
  • Connecting Bangladesh: Economic Corridor Network
    Connecting Bangladesh: Economic Corridor Network Economic corridors are anchored on transport corridors, and international experience suggests that the higher the level of connectivity within and across countries, the higher the level of economic growth. In this paper, a new set of corridors is being proposed for Bangladesh—a nine-corridor comprehensive integrated multimodal economic corridor network resembling the London Tube map. This paper presents the initial results of the research undertaken as an early step of that development effort. It recommends an integrated approach to developing economic corridors in Bangladesh that would provide a strong economic foundation for the construction of world-class infrastructure that, in turn, could support the growth of local enterprises and attract foreign investment. About the Asian Development Bank COnnecTING BANGLADESH: ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to a large share of the world’s poor. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. ECONOMIC CORRIDOR Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, NETWORK and technical assistance. Mohuiddin Alamgir
    [Show full text]
  • Regional Cooperation and Integration (RCI) BHU: SASEC Transport, Trade Facilitation and Logistics Project
    South Asia Subregional Economic Cooperation Transport, Trade Facilitation, and Logistics Project (RRP BHU 47284) Regional Cooperation and Integration (RCI) BHU: SASEC Transport, Trade Facilitation and Logistics Project A. Background and Introduction 1. The Asian Development bank (ADB) promotes South Asian connectivity through its regional cooperation and integration (RCI) support for the region, characterized by a multi- pronged, multi-phased approach consisting of (i) national projects with subregional dimensions, (ii) subregional efforts through the South Asia Subregional Economic Cooperation (SASEC) program,1 (iii) regional efforts through the South Asian Association for Regional Cooperation (SAARC), and (iv) interregional approach through the Bay of Bengal Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) program. 2. SASEC. The SASEC Program brings together Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, facilitating faster and less costly trade among member countries, and strengthening regional economic cooperation. 3. Under the SASEC transport program, improving regional connectivity is crucial for unlocking economies of scale and increasing competitiveness especially for the landlocked countries of the region. With the advent of supply chains, premium is placed on moving goods rapidly, reliably and cheaply through trade facilitation and improved logistics performance. 4. In trade facilitation, ADB assistance
    [Show full text]
  • Land Port Declaration
    LAND PORT DECLARATION S.L Name Of Port Date of Decleration Part in Bangladesh Part in India/Myanmar 1. Benapole Land Port (S.R.O No.-11, Benapole, Sharsha, Petrapole, Bongaon, 24- Date: 12/01/2002) Jessore Parganas, West Bengal 2. Burimari Land Port (S.R.O No.-11, Burimari, Patgram, Changrabandha, Date: 12/01/2002) Lalmonirhat Mekhaliganj, West Bengal 3. Akhaura Land Port (S.R.O No.-11, Akhaura, Ramnagar, Agartala, Tripura Date: 12/01/2002) Brahmnbaria 4. Sonamasjid Land Port (S.R.O No.-11, S hibganj, Chapai Mahadipur, Maldah, West Date: 12/01/2002) Nawabganj Bengal 5. Hili Land Port (S.R.O No.-11, Hilli, Hakimpur, Hili, South Dinajpur, West Date: 12/01/2002) Dinajpur Bengal 6. Banglabandha Land Port (S.R.O No.-11, Tetulia, Panchagarh Fulbari, Jalpaiguri, West Date: 12/01/2002) Bengal 7. Birol Land Port (S.R.O No.-11, Birol, Dinajpur Radhikapur (Goura), West Date: 12/01/2002) Bengal 8. Teknaf Land Port (S.R.O No.-11, Teknaf, Cox’s Bazar M ungdu, Myanmar Date: 12/01/2002) 9. Tamabil Land Port (S.R.O No.-11, Gowinghat, Sylhet Dauki, Shillong, Meghalaya Date: 12/01/2002) 10. Bhomra Land Port (S.R.O No.-11, Bhomra, Sadar Gojadanga, 24-Parganas, Date: 12/01/2002) Upazila, Satkhira West Bengal 11. Darshana Land Port (S.R.O No.-11, D amurhuda, G ede, Krishnanagar, West Date: 12/01/2002) Chuadanga Bengal 12. Bibirbazar Land Port S.R.O No.- 320, Date: Sadar Upazila, Srimantapur, Sunamura, 18/11/2002 Comilla Agartala, Tripura 13.
    [Show full text]
  • Project Document of the Asian Infrastructure Investment Bank
    PD 000068-BGD July 11, 2019 Project Document of the Asian Infrastructure Investment Bank The People’s Republic of Bangladesh Bangladesh Municipal Water Supply and Sanitation Project This document has a restricted distribution and may be used by recipients only in performance of their official duties. Its contents may not otherwise be disclosed without AIIB authorization. i Currency Equivalents (Effective as of June. 19, 2019) Currency Unit = Taka (TK) USD1.00 = TK84 Abbreviations CFA – Cofinancing Framework Agreement BMWSSP – Bangladesh Municipal Water Supply and Sanitation Project DPHE – Department of Public Health Engineering EIRR – Economic Internal Rate of Return EMF – Environmental Management Framework ESP – Environmental and Social Policy of AIIB ESIA – Environmental and Social Impact Assessment ESMP – Environmental and Social Management Plan FSM – fecal sludge management FSTP – Fecal Sludge Treatment Plant GDP – Gross Domestic Product GoB – Government of Bangladesh GRM – Grievance Redress Mechanism lpcd – liters per capita per day LGD – Local Government Division LGIs – Local Government Institutions MDG – Millennium Development Goal MIS – Management Information System MoLGRD&C – Ministry of Local Government Rural Development and Cooperatives NPV – Net Present Value OPIR – Operational Policy on International Relations O&M – operation and maintenance PMU – Project Management Unit RAP – Resettlement Action Plan RSMF – Resettlement and Social Management Framework SECP – Small Ethnic Community Plan SECPF – Small Ethnic Community Planning
    [Show full text]