What types of credit facilities are provided by the banks to the exporters in Bangladesh? Credit facilities are provided by the banks to the exporters Export plays a dominant role in the economy of our country. In the export trade, the exporter needs the finance at different stages right from the stage he gets an […]
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Process of import goods in Bangladesh Step 1 – Registration with CCI & E: For engaging in international trade, even traders must be first registered with the Chief Controller of Import and Export (CCI & E). By paying specified registration fees to the CCI & E- the trader will get IRC/ERC (Import/Export Registration Certificate), to […]
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Discuss the factors influencing Foreign Direct Investment in a country like Bangladesh Factors influencing Foreign Direct Investment in a Country: Foreign Direct Investors look into various factors before making investment decision in a country. After 1990, in India, the government adopted a New Economic Policy which promoted the policy of LPG (Liberalization, Privatization and Globalization). […]
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Overview of International Trade and Foreign Exchange Overview of International Trade and Foreign Exchange. Definition of International Trade/Foreign Trade: “Trade is essential an international transformation of commodities, inputs, and technology which promotes welfare in two ways. It extends the market of a country’s output beyond national frontiers and may ensure better prices through exports. Through imports, […]
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Credit facilities are provided by the banks to the exporters in Bangladesh Export plays a dominant role in the economy of our country. In the export trade, the exporter needs the finance at different stages right from the stage he gets an export order to supply the goods from an overseas buyer. The finance is […]
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Discuss the process of import goods in Bangladesh Import Procedure: Step 1 – Registration with CCI & E: For engaging in international trade, even trader must be first registered with the Chief Controller of Import and Export (CCI & E). By paying specified registration fees to the CCI & E- the trader will get IRC/ERC […]
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Common Import and Export Documents are used In International Trade There are many documents involved in international trade, such as commercial documents, financial documents, transport documents, insurance documents and other international trade related documents. In processing the export consignment, documentation may be executed in up to four contracts: the export sales contract, the contract of […]
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Discuss documents used in Foreign Trade of Bangladesh Documentation Requirements Trade License IRC (Import Registration Certificate) ERC(Export Registration Certificate) VAT Registration certificate TIN Bonded Warehouse License Member Certificate issued by BGMEA/BKMEA Approval of Textile Office Registration of Export Promotion Bureau Fire License Memorandum of Articles of Association and Certificate of Incorporation (Applicable for Limited Company) […]
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Characteristics of foreign trade or International Trade in Bangladesh Every foreign market has its own characteristics. It has own requirements, customs, traditions, weights and measures, marketing methods, etc. An extensive study of foreign markets is required to be successful in foreign trade, which may not be possessed by an ordinary trader. International trade is characterized […]
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Discuss the problems or limitations of foreign trade Bangladesh Smooth foreign trade operation is essential for businesses to expand and flourish. It has a huge impact on a country’s economy. Unfortunately, Bangladesh lacks in several areas to make foreign trade easy for businesses to expand. This article gives you a glimpse of limitations of foreign […]
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What are the key differences between domestic and International Business? Key Differences between Domestic and International Business Definition of Domestic business and International business Domestic business is the kind of trade that is limited geographically within a country. A domestic business involves commercial exchanges that are only done within that country . A domestic business which can also […]
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email Marketing is effective in Banking arena To know about email marketing, first you have to know the definition of Marketing. email Marketing is effective in Banking arena To know about email marketing, first you have to know the definition of Marketing Marketing is the process or technique or advertise to promotion to sell products […]
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What are the Importance of International Business for economy? What are the Importance of International Business for economy? The importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. Foreign […]
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What are the reasons against foreign Trade? The reasons against foreign Trade are given below: Following points explain the need and importance of foreign trade to a nation. Division of labour and specialisation Foreign trade leads to division of labour and specialisation at the world level. Some countries have abundant natural resources. They should export raw […]
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Definition of International Trade What is foreign Trade or International Trade? Answer: Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External trade or Inter-Regional trade. It consists of imports, exports and entrepot. The inflow of goods in a country is called import […]
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