BANGLADESH: A POTENTIAL GLOBAL MARKET FOR TRADE AND INVESTMENT

Bangladesh is one of the world’s fastest-growing economies. Currently the 41st largest economy, Bangladesh will be the 25th largest economy by 2035.Currently the world’s 7th most populated country, Bangladesh's stable growth has raised tens of millions to middle class and affluence (MAC) status. Besides being the location for a booming domestic market, Bangladesh is also strategic hub linking India, China and the ASEAN countries.

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Bangladesh is powered bya rising young population. Young Bangladeshis are fueling a sharp rise in the labor force and supporting industrialisation and consumption.

Investment focus

Bangladesh has the most liberal investment regime in the region, characterised by a wide array of facilities, attractive incentive policies and consistent reforms.

Key features:

• Tax exemption, reduced taxation available depending on industry type and locations

• Investment protected by Foreign Private Investment (Promotion & Protection) Act 1980

• 100% foreign ownership is allowed in nearly all sectors

• Simplified procedure for issuing work permits to foreign nationals

• Bonded warehousing facilities for export-oriented industries

• Intellectual Property Right is protected by law

• Equal treatment of domestic and foreign investment

• Bilateral Investment Treaties (BITs) with 31 countries

• Avoidance of Double Taxation Treaties (DTTs) with 36 countries

Favorable trade benefits

Bangladesh enjoys duty free access in 52 countries which includes the Australia, Canada, Chile, China, EU Japan, Iceland, India (46 RMG products), New Zealand, Norway, South Korea, Switzerland, Turkey. Bangladesh is also a member of regional blocs SAPTA,SAFTA,APTA, BIMSTEC.

Getaway to South, Southeast Asia and East Asia Market Access to growing consumer markets: Bangladesh is located between South and Southeast Asia making it an entryway to both these markets of over 3 billion people. Neighbours India and China are within easy distance of Bangladesh.

Well-connected to major ports in Asia: The country is well connected to land and sea ports in several states in India and located within easy distance from ports in China.