Bangladesh

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About Bangladesh

Bangladesh borders India towards the east and on the Bay of Bengal. It is a South Asian Country and part of the SAARC initiative. The country boasts itself for lush greenery and waterways. The land is fertile due to Padma (Ganges), Meghna and Jamuna rivers. Bangladesh is famous for Sundarbans, an enormous mangrove forest, and is home to the royal Bengal tiger.

The country’s economy stands at second position in south Asia next to India. It is considered to be one of the fastest-growing economies and has a market based mixed economy. Bangladesh is considered to be one of the Next top emerging markets and has a very good foreign exchange reserves in south Asia.

Bangladesh’s largest trading partners are the European Union, the United States, Japan, India, Australia, China, and ASEAN. Expat workers in the Middle East and Southeast Asia send back a large chunk of remittances. The country is well known for textiles, pharmaceuticals, shipbuilding, steel, electronics, energy, construction materials, chemicals, ceramics, food processing, and leather goods. Agriculture is the largest sector of the economy

The primary concern for Bangladesh’s economic growth is the insufficient power supply, poor governance, weak public institutions, and corruption.

Country Facts

 

Basic Details
RegionSAARC
Capital CityDhaka
Government TypeUnitary parliamentary constitutional republic
Official LanguagesBengali
Currency Bangladeshi taka, BDT
Phone Code +880
Important CitiesChittagong, Khulna, R?jsh?hi, Comilla, Shibganj, Natore, Rangpur, Tungi, Narsingdi
National DayIndependence Day (26th Mar)
Economy
Ease of Doing Business Ranking168 (Below Average)
Primary Industriescotton, textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizers, sugar and light engineering, agriculture, ship building, Information, Communication, and Technology
Major ExportsKnit or crochet clothing, accessories, Clothing, accessories (not knit or crochet), Miscellaneous textiles, worn clothing, Footwear, Paper yarn, woven fabric, Fish, Headgear, Leather/animal gut articles, Raw hides, skins not furskins, leather, Tobacco, manufactured substitutes.
Major Exports to IndiaFuels, Stone and Glass, Wood, Machinery and Electricals, Minerals, Footwear, Animal, Vegetables, Hides and Skins, Chemicals, Food products
Major ImportsRefined Petroleum, Raw Cotton, Heavy Pure Woven Cotton, Wheat, Raw Sugar, Machinery including computers, Mineral fuels including oil, Electrical machinery, equipment, Vehicles, Manmade staple fibers, Animal/vegetable fats, oils, waxes, Cereals.
Major Imports from IndiaFootwear, Hides and Skins, Stone and Glass, Animal, Wood, Minerals, Food Products, Plastic or Rubber, Vegetables, Metals, Chemicals
Foreign Relations
Trade Agreements with IndiaAsia Pacific Trade Agreement (APTA), South Asia Free Trade Agreement (SAFTA), Bangladesh, India, Myanmar, Sri Lanka, Thailand Economic Cooperation (BIMSTEC), Global System Of Trade Preferences (GSTP), Partial Scope Agreement (PSA)
Bordering NationsIndia, Myanmar
Member ofAsian Infrastructure Investment Bank(AIIB), Asia-Pacific Trade Agreement(APTA), Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC), Commonwealth of Nations(CommonWealth), Islamic Military Counter Terrorism Coalition(IMCTC), Indian Ocean Rim Association(IORA), Organisation of Islamic Co-operation(OIC), South Asian Association for Regional Cooperation(SAARC), United Nations(UN), World Trade Organization(WTO)
Indian Embassy DetailsH.E. Riva Ganguly Das
Honourable Ambassador
Embassy of India
Plot No. 1-3, Park Road, Baridhara, Dhaka-1212, Bangladesh
Email: hc.dhaka@mea.gov.in 
Phone: 880-2-55067301- 308
Embassy Details in IndiaH.E. Mr. Muhammad Imran
Honorable High Commissioner
Bangladesh High Commission
EP-39, Dr. S. RadhaKrishnan Marg, Chanakyapuri, New Delhi, Delhi 110021.
Email: bdhcdelhi@gmail.com
Phone: +91 11 2412 1391-94