Over the years Bangladesh has progressively developed in terms of trade (import and export). Bangladesh now proudly stands as an emerging trade and investment destination. If you are looking to trade with Bangladesh, now’s the right time to start trading with Bangladeshi entities!
Why TST Dubai?
TST Dubai has been in the business for more than 2 years in UAE. Our partners have 15 years of experience in trading, logistics, construction and Agro manufacturing. Being, one of the top business empires in India and Bangladesh, we deliver excellence and take pride in what we do, providing quality services and satisfaction to our customers!
If we look at the facts, TST Dubai has sent 50 Bulk Mother Vessel to Bangladesh and each contained approximately 55 thousand ton of cargo export in 2021. We exported our goods to the top most reknowed companies in Bangladesh including Abul Khair Group, MI Cement Factory Limited, Crown Cement Concrete and Buildings Materials, Akij Cement, Karim Group etc. Total revenue generated in 2021 is around 70 million dollars ! last two years, through our operational excellence and teamwork we are able to increase our sales revenue, around 100 million dollars in revenue in ! Core importers from Bangladesh are
Increasing economic growth:
In Bangladesh, services are the biggest sector of the economy and account for 52 percent of total GDP. In comparison to other emerging markets, Bangladesh has an outstanding GDP growth. In the past seven years, Bangladesh has gained attention in RGM by earning revenue starting from $19 billion and growing it to more than $30 billion. It’s an outstanding achievement by an increase of 79% in less than 10 years. In the first quarter of 2019, Bangladesh was the 7th fastest growing economy in the world!
Strategic location:
location is an extremely important factor in the development of power, favorable geographical location results in tremendous economic and strategic advantages, in connection with geographical location, Bangladesh is strategically located in between India, China and ASEAN markets. Bangladesh’s capital city Dhaka has a well-structured communication system with its neighboring countries, making It the most commercial and financial hub of Bangladesh and therefore the largest economic center of Eastern South Asia. The country is situated on the coast of Bay of Bengal which offers good conditions for doing trading business within Asian and Middle Eastern markets.
Growing population:
The relationship between trade and population is based on one main thing, and that is growth. The growth of people, equals to the growth of goods, services, and the growth of markets and capital. According to the OECD/World Bank population in Bangladesh increased from 1990 to 2008 with 44 million and 38% growth in population compared to 34% growth in India and 54% growth in Pakistan. Trade agreements also increase poverty and result in the displacement of citizens who are often forced to leave their homeland in search of livelihoods.
Increasing economic growth:
In Bangladesh, services are the biggest sector of the economy and account for 52 percent of total GDP. In comparison to other emerging markets, Bangladesh has an outstanding GDP growth. In the past seven years, Bangladesh has gained attention in RGM by earning revenue starting from $19 billion and growing it to more than $30 billion. It’s an outstanding achievement by an increase of 79% in less than 10 years. In the first quarter of 2019, Bangladesh was the 7th fastest growing economy in the world!
There are many reasons why Bangladesh is becoming one of the most promising emerging markets in the world. Some of the top reasons include its openness to foreign investment. Bangladesh has shown very welcoming attitude towards foreign investors. Allowing foreign investment in most sectors and favorable conditions for doing business.
