Country Details, Underlying Reason & Implications for the Future.pdf

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1 Report On Country Details, Underlying Reason & Implications for the Future Submitted to: Prof. Dr. Raisul Awal Mahmood Lecturer School of Business Independent University, Bangladesh. Submitted by: Name ID Mohammad Junaid 1610990 Nazrul Islam Rony 1611082 Rahmant Ullah Abir 1611168 Saima Zaman 1721760 Abdullah All Noman Date of submission: November 04, 2019
2 Table of Contents 1. Introduction ....................................................................................... 3 2. CHINA-BANGLA trade statistics ................................................................... 5 3. Bangladesh-China bilateral trade: ............................................................................. 8 3.1 Composition of Trade: ........................................................................................................... 8 3.2 Trade Patterns between China and Bangladesh: ..................................................................... 8 4. Level, trend and composition of imports to Bangladesh ...................................... 10 5. Level, trend and composition of Exports from Bangladesh .......................... 11 6. China trade effect in Bangladesh economy ............................................................ 12 6.1 Trade problem between China-Bangla ................................................................................. 12 6.2 Future Trade development between China-Bangla ............................................................... 12 7. Summary and Conclusions: .............................................................................................. 13
3 1. Introduction Since the establishment of diplomatic relations in 1975, China has becom e one of the Bangladesh’s major development partners. Presently, the relations between two countries are largely characterized by ever broadening economic cooperation. China builds a successful socialist market economy and legal system by common interest practice. Both the countries are working together due to Globalization and economic liberalization. It’s the globalization who is bringing every country close to each other. Trade liberalization is believed to improve economic growth and development through specialization advantage of the technology, natural resource, communications and technical workers. According to Gupta and Choudhry, Human welfare will be increased if the consumer able to consume more product at cheaper price (Gupta & Choudhry, 1997; World Bank, 2002). China achieve remarkable success with the economical reform specially after 1990.Among all the Asian emerging country China became the biggest developing country in the world and also improve its living standard(Liu & Li,2014).China’s export range got broadening because of sophisticated technology. China always maintains a good neighborhood policy and relation with South Asian countries. South Asia is undoubtedly emerging as an important region in international relations. These countries face lot of struggles and conflicts even after gaining independence. Bangladesh is also one of the emerging countries from Asian region and always maintains a good relationship with China. It China’s one of the closest neighborhood who’s border is only 100 kilometers over the Himalaya. Chinese Yunnan Province is also very close to Bangladesh. Since 2005 Bangladesh China gain a good momentum in trade and economic cooperation, Chinese Premier Wen Jibao's visit in April 2005, a 13-point Joint Communiqué on further strengthening of bilateral relations was signed, along with five agreements and two memorandums of understanding (MoUs). China also offered to assist Bangladesh in water management, nuclear energy, trade and investment, training of security and defence personnel, as well as infrastructural development .A

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