export jute and jute product from bangladesh

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Export jute and jute product

Introduction

Bangladesh is the largest exporter of raw jute. Bangladesh export and supply jute and jute product.

JUTE is the single most important export item of Bangladesh

About 50 million people of this land are directly or indirectly involved in various activities related to jute and jute manufacturing

To Be Continued…

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The country made bags, best quality

jute sacks, jute hessian bags, food

grade bags, jute yarns twines etc. by

jute

Bangladesh’s jute goods export are

Middle East, African Countries,

European countries, South East Asia,

Australia and USA.

Export Procedure and Documentation:

When preparing to shipping a jute product overseas, the

exporter needs to be aware of packing, labeling, documentation, and insurance requirements.

Packing correctly so that it arrives in good condition

Labeling correctly to ensure that the goods are handled properly

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Documented correctly to meet local and foreign

government requirements

Insurance requirements against damage and loss of jute

goods.

The new exporter must be sure to follow all shipping

requirements.

Freight forwarders

The international freight forwarder acts as an agent for

the exporter in moving cargo to the overseas destination.

Freight forwarders advise to exporter how they minimize

export cost

And arrange or booking transport for exporting jute goods

Documentation

Letter of credit

for the payment of exporting jute LC is the main document. according to the

jute export of Bangladesh a foreign buyer open a LC for the particular supplier under BJMC.

Commercial invoice

The overseas buyer also need commercial invoice to clear

the goods from customs, prove ownership, and arrange

payment

Jute expoter provide commercial invoice when they

export jute to overseas buyer

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Bill of lading:

Bills of lading are contracts between the owner of the goods

and the carrier (as with domestic shipments)

Invoice:

jute export processing invoice is made by the supplier before

the product shipment.

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Other document

Certificate of origin

Inspection certification

Dock receipt and warehouse receipt

Insurance certificate

Export Trend

Transportation Mode

Mainly exported by the sea

transportation.

The raw jute export to the india by truck.

In intermodal transportation jute supplier

use their own or association truck to

transport the product into the desire

point of exit.

Bangladesh don’t use train for intermodal

transportation

Export Distribution Channel

Generally use indirect channel

Supplier first contact with the BJMC

BJMC find the potential buyer

BJMC give all information about the buyer to the potential

seller.

Problems

Political instability

Watter problem

Because of the war market

have fall down in Middle East

countries.

Budget problem

Problems

The situation in the domestic market is not encouraging.

Farmers are counting losses in jute cultivation.

Wage increase of the labor is also having impact

Recommendation

Marketing system of BJMC jute mills needs to be changed.

Political environment should be stabled or organized of

our country.

An appropriate mechanism has to be found in this regard.

Recommendation

Government should ensure that

farmers get their fair prices

encourage the dealers/traders to

improve quality, quantity and

punctual delivery of jute goods

Govt. should provide an good

amount of budget in jute sector.

Conclusion

If our government and private sector properly regulate

and focus in our jute exporting and manufacturing then

our economic growth rate will increased.

Thank You Everyone

Any Question?