participation of bangladesh in trade union
TRANSCRIPT
TRADE AGREEMENT
• A trade agreement (also known as trade pact) is a wide ranging tax, tariff and trade treaty that often includes investment guarantees
THE ADVANTAGES OF TRADE AGREEMENTS
Increased Production
Economic Developmen
t
International
Cooperation
Resource Allocation
Business Incentives
THE DISADVANTAGES OF TRADE AGREEMENTS
Labor Practices
Environmental
Destruction
Loss of Domestic Industry
The "Noodle Bowl"
PRINCIPLES OF TRADE AGREEMENTS
• Non-discrimination• More open• Predictable and transparent• More competitive• More beneficial for less developed countries• Protect the environment
TRADE AGREEMENTS OF BANGLADESHSAARC
Country GDP ( Nominal)
Bangladesh $205.3 bnPakistan $250 bnSri Lanka $80.4 bnNepal $21.6 bnIndia $2308.0 bnBhutan $2.2 bnAfghanistan $21.3 bnMaldives $3.0 bn
Exports 2014
$31.2 bn$25.1 bn$11.8 bn$1.0 bn$464.0 bn$0.7 bn$0.3 bn$0.28 bn
Foreign Direct Investment$0.66 bn$0.709 bn$0.9 bn$10 mln$31.0 bn$63 mlnN/AN/A
SAARC
Objectives of SAARC
Principles of SAARC
Structure of SAARC
SEVERAL SAARC AGREEMENTS BENEFICIAL FOR BANGLADESH
Agreement on trade in serviceSAARC energy agreementAgreement for establishing SAARC arbitration councilAgreement on establishment of SAARC food bankSAARC motor vehicle agreement
Achievement from SAARC
SAFTAA• Free Trade Agreement confined to goods
SAPTA• The member countries came into effect in 1995.
LIMITATION OF SAARC FOR BANGLADESH
Domination of IndiaPolitical differencesInequality among membersNo progress in road and rail connectivityMost of the countries are poor
STEPS SHOULD BE TAKEN TO MAKE SAARC MORE EFFECTIVE
Accelerate the Implementation of All AgreementsEase The Tariff BarriersAccelerating the reduction of sensative listMobilizing needed funds for building trade facilitationInvolve Private Sector Representatives in the NegotiationsEasing visa procedureForm a SAARC Task Force
SAPTA--SAARC PREFERENTIAL TRADING ARRANGEMENT
HistoryThe basic principles & objectives underlying SAPTAComponentsNegotiationsCommittee of ParticipantsBalance-of-Payments MeasuresFramework of SAPTA
SAFTA
From SAPTA to SAFTAObjectives and PrinciplesCore Elements of SAFTAImplication of SAFTA for BangladeshTrade Restrictions under SAFTA
Bangladesh Bhutan India Maldives
24
3
16.6
12.8
23.9
3
14.2
12.8
SL of SAFTA Countries
Coverage of SL as % of total HS Lines of Non-LDCsCoverage of SL as % of total HS Lines of LDCs
Bangladesh India Maldives Nepal
65
38.4
74.5
64
22
56.5
57.6
46.4
Value of imports from SAARC subject to SL (%) Value of exports from SAARC subject to SL(%
STEPS SHOULD BE TAKEN TO MAKE SAFTA MORE EFFECTIVE
Accelerate the Implementation of All SAFTA AgreementsEliminate Tariffs, Para-Tariffs and Non-Tariff BarriersShorten Negative ListsInvolve Private Sector Representatives in the NegotiationsForm a SAARC Task ForceTackle Common Economic and Political ChallengesEstablish Regional Fund to Promote Poverty Reduction
IORA
FormationCountry Members
Australia, Bangladesh, Comoros, India,
Indonesia, Seychelles, Iran, Kenya,
Madagascar, Malaysia, Mauritius,
Mozambique, Oman, Singapore, South Africa, Sri Lanka,
Tanzania, Thailand, UAE and Yemen
OBJECTIVES
To promote the sustained growthTo focus on those areas of economic co-operationTo explore all possibilities and avenues for trade
liberalizationTo encourage close interaction of trade and industryTo strengthen co-operation and dialogue among Member
IMPLICATION OF IORA
Blue Economy and BangladeshPotentialities of Blue Economy in Bangladesh
Food securityFisheriesMarine and coastal tourismHarvesting power generation Harvesting power generation Shipping and port facilities
Challenges ahead of bangladesh in blue economy
• Maintaining the security over the economic area• Establishing marine friendly infrastructure for marine tourist• Protecting the area from the international smugglers and fish
pirates• Maintaining investment friendly environment in the awarded area
BANGLADESH’S TRADE VOLUMES WITH SAARC
BANGLADESH’S SAARC TRADE AS A SHARE OF BANGLADESH’S TOTAL TRADE
INTRA IORA TRADE OF BANGLADESH : 2005 VS 2010
2005 20100
5000
10000
15000
20000
25000
30000
Exports to World Exports to IORA Imports from World Imports from IORA