Economics of BANGLADAISH

1. Economic Growth It anticipates 7.2 percent economic growth in the coming fiscal year from increased export earnings and more remittances from Bangladeshis abroad. Finance Minister A.M.A. Muhith unveiled the budget for 2012-13 in Parliament amid a boycott of the proceedings by the opposition, who accuse the government of repressing its leaders and activists. Muhith said that growth in the fiscal year that ends this month was expected to be around 7 percent higher than the official Bangladesh Bureau of Statistics revised estimate of 6.3 percent. Muhith said the agency failed to take into account recent growth in agricultural production. The budget focuses on power and other infrastructure development to spur growth and aims to cap the deficit at five percent of gross domestic product. The minister said the government would install new oil-fired power plants and import power from neighboring countries such as India, Nepal and Bhutan to help cope with a shortage. Muhith said he was targeting a 22 percent increase in tax revenue by bringing more people under the tax net. Last years revenue collection increased largely thanks to a crackdown on tax evasion. Growth is expected to be driven largely by higher income from exports, especially of garment products, and increased remittances. Bangladesh mainly exports readymade garments to the United States and Europe, but is looking to increase deliveries to new markets including Japan and India. Already, about 10 million Bangladeshis work abroad, mostly in the Middle East, sending home US $10 billion each year. The government said it hopes to send more people abroad in the coming year.

2. Market Structure
Organized retail outlets are relatively few and remain concentrated in the major cities, but they do sell imported products. The off-take by consumers is limited (less than 5 percent of total food consumption comes from these outlets). They usually procure their products from importers or distributors for imported items, and from distributors or suppliers for the local products. Organized sector retailers normally maintain established supply lines (drawing from establishments with storage capacity) for imported products, and access both established and casual supply lines (once-inawhile suppliers with no storage) for local products. Depending on the size of the outlets, they engage 200 to 400 distributors or sub-distributors (dealers) for consistent availability of their commodities. Most importers source their goods in mixed containers from the country of origins or from consolidators in Dubai or Singapore, except those that arrive in high volumes, like fresh fruits

3. Major Retailer

AGORA SUPER STORES

Dhanmondi 80, BDR Rifles Square Dhanmondi Dhaka, Bangladesh. Tel: (88-02) 967-1046 Dhanmondi Genetic Plaza, Plot # 404 (Old) 16 (New) Road 27 (Old) 16 (New) Dhanmondi Dhaka, Bangladesh. Tel: (88) 0171-403-7700 Gulshan 101, RM Centre, Gulshan Avenue Gulshan Dhaka, Bangladesh. Tel: (88-02) 986-1896 Gulshan Pink City, Plot 15, Block CEN (C) Road # 103, Gulshan Avenue Gulshan 2 Dhaka, Bangladesh. Tel: (88) 0172-002-2004 Hatirpul Loren Vista Tower 1st Floor, 169 Dr. Kudrat-e-Khuda Road (Elephant Road) Dhaka, Bangladesh. Tel: (88) 0172-733-0308 Mirpur Northern Lions R.P. Tower Plot-4, Block-D, Chiriakhana Road Section-2, Mirpur Dhaka, Bangladesh. Tel: (88-02) 805-0894 Moghbazar 69, Bara Moghbazar Dhaka, Bangladesh. Tel: (88-02) 936-0994 Shantinagar Conifir Tower 1st Floor 31 Shiddeshwari Road

Shantinagar, Ramna Dhaka, Bangladesh. Tel: (88) 0175-342-1908 Uttara Sector 4, Road 4, Plot 2 Uttara Model Town Dhaka, Bangladesh. Tel: (88) 0171-306-4730

ALMAS
Dhanmondi Fatema Orchid House 13/1 Road # 5, Mirpur Road Dhanmondi Dhaka, Bangladesh. Tel: (88-02) 861-7085 Dhanmondi Rapa Plaza Dhanmondi Mirpur Road Dhaka, Bangladesh. Tel: (88-02) 815-1344 Gulshan 46 Gulshan Avenue (1st Floor) Gulshan 1 Dhaka, Bangladesh. Tel: (88-02) 885-6013 Panthapath Shop 101-111, Level 1, Block D Bashundhara Shopping Complex Panthapath Dhaka, Bangladesh. Tel: (88-02) 913-1280, 913-8866 EXT 401101 BEST BUY Shaheen College Gate Dhaka Cantonment Dhaka, Bangladesh. Tel: (88-02) 875-4478

FAMILY WORLD
2/6, Mirpur Road Asadgate Mohammadpur Dhaka, Bangladesh. Tel: (88-02) 912-2063, 812-1163

KOMART
House 114, Road 12

Block E Banani Dhaka, Bangladesh. Tel: (88-02) 882-6704

LAVENDER
Faisal Tower, 27 North C/A, Gulshan 2 Dhaka, Bangladesh. Tel: (88-02) 882-8573, 882-2330

MEENA BAZAR
Banani Plot 76/A, Road 11 Block M Banani Dhaka, Bangladesh. Tel: (88-02) 883-5864 Dhanmondi 741, Satmasjid Road Elite Center Dhanmondi Dhaka, Bangladesh. Tel: (88-02) 815-2085 Dhanmondi House #44, Road16, (old 27) Dhanmondi Dhaka, Bangladesh. NANDAN Dhanmondi Suvastu Zenim Plaza, Ground Floor House 312, Road 37 (old 27) Dhanmondi Dhaka, Bangladesh. Tel: (88-02) Gulshan Hosna Center Plot # 106 Gulshan-2 Dhaka, Bangladesh. Tel: (88-02) 986-2637, 986-1603 PRIYO Banani Haqs Plaza 26 Kamal Ataturk Avenue, Banani Dhaka, Bangladesh. Tel: (88-02) 882-7499 Dhanmondi

Fatema Orchid, House 13/1, Road 5 Dhanmondi Mirpur Road Dhaka, Bangladesh. Tel: (88-02) 862-2291 Gulshan Rupayan Golden Age 99 Gulshan Avenue, Gulshan 2 Dhaka, Bangladesh. Tel: (88-02) 883-1994 Uttara Mascot Plaza Shop #106/107, Sector 7, Uttara Dhaka, Bangladesh. Tel: (88-02) 895-8554

SHOP N SAVE
House 11/A, Road 14/C Sector4 Uttara Dhaka, Bangladesh. Tel: (88-02) 891-8083

Bangladesh Imports: Commodities Here are the major import commodities of Bangladesh: Machinery and equipment Chemicals Iron and steel Textiles Foodstuffs Petroleum products Cement

Bangladesh Imports: Partners The following were Bangladeshs import partners as of 2008: China: 15.8% India: 15.7% Kuwait: 8.1% Singapore: 7.6% Japan: 4.4%

Bangladesh Exports: Commodities Here are the major export commodities of Bangladesh: Garments (totaling $12.3 billion in FY09) Frozen fish and seafood Jute and jute goods Leather

Bangladesh Trade: Export Partners The following were Bangladeshs export partners as of 2008: United States: 24% Germany: 15.3% United Kingdom: 10% France: 7.4% The Netherlands: 5.5% Italy: 4.5% Spain: 4.2%

Bangladesh Trade: Growth The government of Bangladesh undertook significant steps during the 1980s. Consequently there was a tremendous increase in the export of ready-made-garments and knitwear, which garnered maximum foreign exchange for the country. Cheap labor and low conversion costs are the major factors behind the growth of Bangladeshs garment industry. Over 3 million Bangladeshis (90% women) are employed in this industry. Bangladesh shares excellent trade relations with the US, showing noteworthy trade surplus with the latter. The country is an active partner of the Asia Pacific Trade Agreement and the World Trade Organization. A number of export processing zones have been set up by the government to enhance economic growth by attracting foreign investment.