TRADE AND INDUSTRIAL POLICY ENVIRONMENT IN BANGLADESH: With Special Reference to Some NonTraditional Export Sectors

This book reviews the main elements of trade and industrial policy environment in Bangladesh and their evolution to current situation, while examining the trade policy options for supporting exports and growth. It also provides an appraisal of investment climate assessments to identify the most relevant issues for consideration, and attempts a brief review of constraints associated with some selected non-traditional export sectors.

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About The Author

Abdur Razzaque

Abdur Razzaque With a Ph D from the University of Sussex, Dr Abdur Razzaque is a faculty member of the Department of Economics at Dhaka University, who is currently on leave and with the Commonwealth Secretariat, London, UK, as an Economic Adviser. Dr Razzaque’s most recent publications include several chapters in a book titled Commodity prices and Development (published by Oxford University Press: UK), a chapter in WTO at the Margins (published by Cambridge University Press: UK), an edited volume, Global Rice Trade Liberalisation: Implications for South Asian Countries (published by Commonwealth Secretariat and Academic Foundation) and two other edited volumes (with Selim Raihan): WTO and Regional Trade Negotiations outcomes : Potential Implications on Bangladesh and Trade and Industrial policy Environment in Bangladesh with special Reference to some Non-traditional Export Sectors (both published by Pathak Shamabesh). Dr Razzaque has also done research on poverty and labour issues, and is a co-author of the book Documenting the Undocumented : Female Migrant workers from Bangladesh (Pathak Shamabesh). Dr Razzaque has contributed to research projects commissioned by, amongst others, Asian Development Bank, Bangladesh Institute of Development studies (BIDS), Commonwealth secretariat, International Development Research centre (IDRC), CUTS International, ILO, Planning commission of Bangladesh, UNCTAD, UNDP, and world Bank. He has also presented his works in various national and international conferences and workshops.

Dr. Selim Raihan

Dr. Selim Raihan, a faculty member of the Department of Economics, University of Dhaka, holds a PhD from the University of Manchester, UK. Dr Raihan’s research works focus on issues related to international trade, macroeconomic policies, and poverty. Dr Raihan possesses expertise in micro- and macro-econometric modelling techniques and Computable General Equilibrium (CGE) models. One of Dr. Raihan’s recent published books is Dynamics of Trade Liberalisation in Bangladesh: Analyses of policies and practices. Some of other recent published books of Dr Raihan include (along with co-authors): WTO and Regional Trade Negotiations outcomes: potential Implications on Bangladesh, Trade and Industrial policy Environment in Bangladesh with Special Reference to some Non-traditional Export Sectors, and Export Diversification for Human Development in the Post-ATC Era (published by UNDP Regional Centre Colombo). Dr Raihan contributed several chapters in Competitive Advantage and Competition Policy in Developing Countries (a book published by the Edward and Elgar, London in 2007). He was also a co-author of a chapter in Poverty and the WTO: Impacts of the Doha Development Agenda (a book published by the World Bank, Washington in 2006). Dr. Raihan has worked for several national and international organisations including Asian Development Bank, UNDP, World Bank, PEP, Commonwealth Secretariat, ILO, IDRC, CUTS International, CPD and BIDS, and has also presented his analytical works in a number of national and international conferences.

During the past twenty years or so, Bangladesh has implemented wide-ranging trade policy reforms. These liberalisation measures have led to a remarkable decline in quantitative restrictions, notable opening up of trade in many restricted items, significant rationalisation and diminution of import tariffs, fundamental transformation of the foreign exchange regime and promotion of the export-oriented sectors. Although a remarkable rise in exports marks the same period, if the growth of the readymade garment sector is to be attributed to a restricted textiles and clothing global trade managed under the Multi-fibre Arrangement (MFA) regime, which expired only recently, the impact of liberalisation in stimulating export response can be doubted. In the aftermath of the MFA Phase out, how effective a policy of liberalisation will be in promoting exports is therefore a serious concern.


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