Background
Bangladesh came into existence in 1971 when Bengali East Pakistan seceded from its union with West Pakistan. About a third of this extremely poor country annually floods during the monsoon rainy season, hampering economic development. Bangladesh is limited in its reserves of coal and oil, and its industrial base is weak. The country's main endowments include its vast human resource base, rich agricultural land, relatively abundant water, and substantial reserves of natural gas.
The economy has grown 5-6% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector, with rice as the single most important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 25% of GDP.
Phone Codes
Country Code: 880
Outgoing International Code: 00
Resources
Market Research
Yellow Pages of Bangladesh
It supplies a business guide to an overall introduction of Bangladesh such as country profile, history, import and export policy, and travel; website provides business news, on-line business directory for search by company, service and product.
The Daily Stars - Online News
It is the online news for Bangladesh with coverage in headlines, politics, business, stock reports and so forth.
Business & Investment in Bangladesh
It is a useful website containing a number of fields on business environment in Bangladesh along with information about tax incentives and facilities for foreign investor.
CIA - The World Factbook - Bangladesh
This website indicates a wide range of detail information about Bangladesh by introducing under 8 different fields as its geography,people, government, economy, communications, transportation, military, transnational issues.
Trade Information
American Chamber of Commerce in Bangladesh (AmCham)
The American Chamber of Commerce in Bangladesh (AmCham) aims to promote the economic relationships between Bangladesh and the United States. The membership of the AmCham includes US Companies doing business in Bangladesh; Bangladesh Companies whose primary business is representing US produced goods and services; and non-profit organizations of United States origin.
Bangladesh Government Online
It is the official website of Bangladesh government that provides a number of comprehensive information about the governmemtal institutions, ministries, organizations,boards and so forth.
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