Bangladesh Tariff Commission
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Bangladesh Tariff Commission
Bangladesh Tariff Commission (BTC) autonomous national statutory body that is responsible for placing tariffs on imports, protection of domestic industry, and the prevention of dumping of foreign goods in Bangladesh and is located in Dhaka, Bangladesh. Chairman of the Bangladesh Tariff Commission is Mahfuza Akter. History Bangladesh Tariff Commission traces its origin to the East Pakistan branch of Pakistan Tariff Commission, the commission was established on 28 July 1973. The commission is responsible for protection of domestic industry and regulation of import. The commission is weak according to its own commissioner. In 2007 it was accused by Federation of Bangladesh Chambers of Commerce and Industry Federation of Bangladesh Chambers of Commerce and Industry (FBCCI; bn, বাংলাদেশ শিল্প ও বণিক সমিতি) is the apex trade organization of Bangladesh playing a pivotal role in consultative and advisory capa ... of failing to stop the dumpi ...
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Dhaka
Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city in the world with a population of 8.9 million residents as of 2011, and a population of over 21.7 million residents in the Greater Dhaka Area. According to a Demographia survey, Dhaka has the most densely populated built-up urban area in the world, and is popularly described as such in the news media. Dhaka is one of the major cities of South Asia and a major global Muslim-majority city. Dhaka ranks 39th in the world and 3rd in South Asia in terms of urban GDP. As part of the Bengal delta, the city is bounded by the Buriganga River, Turag River, Dhaleshwari River and Shitalakshya River. The area of Dhaka has been inhabited since the first millennium. An early modern city developed from the 17th century as a provincial capital and c ...
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Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali, one of the easternmost branches of the Indo-European language family. Bangladesh forms the sovereign part of the historic and ethnolinguistic region of Bengal, which was divided during the Partition of ...
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Federation Of Bangladesh Chambers Of Commerce And Industry
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI; bn, বাংলাদেশ শিল্প ও বণিক সমিতি) is the apex trade organization of Bangladesh playing a pivotal role in consultative and advisory capacity, safeguarding the interest of the private sector in the country. History The Federation of Bangladesh Chambers of Commerce and Industry was established in 1973 under the Trade Organization Ordinance and Companies Act, 1913. Objectives and functions * To coordinate and promote the interest of its federating units-Chambers of Commerce, Trade and Industrial Association * To aid and stimulate investment, development of trade, commerce, industry, agriculture, tourism, human resources and communication sectors in Bangladesh * To project, encourage and safeguard the cause of the private sector through effective participation in the process of consultation and inter-action with the Government, Ministerial Consultative Committees and othe ...
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Government Agencies Of Bangladesh
, image = Government Seal of Bangladesh.svg , caption = Government Seal , date = ( 1st Government) , state = Bengali Republic , address = Bangladesh SecretariatDhaka , appointed = President of the Republic , leader_title = Prime Minister , main_organ = Cabinet of Bangladesh , ministries = 58 Ministries , responsible = Jatiya Sangsad , url bangladesh.gov.bd The Government agencies in Bangladesh are state controlled organizations that act independently to carry out the policies of the Government of Bangladesh. The Government Ministries are relatively small and merely policy-making organizations, allowed to control agencies by policy decisions. Some of the work of the government is carried out through state enterprises or limited companies. Legislative * Jatiya Sangsad ** Office of the Speaker of the Jatiya Sangsad ** Sangsad committees ** Parliament Secretariat * Sangsad Television * Sangsa ...
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1973 Establishments In Bangladesh
Events January * January 1 - The United Kingdom, the Republic of Ireland and Denmark enter the European Economic Community, which later becomes the European Union. * January 15 – Vietnam War: Citing progress in peace negotiations, U.S. President Richard Nixon announces the suspension of offensive action in North Vietnam. * January 17 – Ferdinand Marcos becomes President for Life of the Philippines. * January 20 – Richard Nixon is sworn in for a second term as President of the United States. Nixon is the only person to have been sworn in twice as President (1969, 1973) and Vice President of the United States (1953, 1957). * January 22 ** George Foreman defeats Joe Frazier to win the heavyweight world boxing championship. ** A Royal Jordanian Boeing 707 flight from Jeddah crashes in Kano, Nigeria; 176 people are killed. * January 27 – U.S. involvement in the Vietnam War ends with the signing of the Paris Peace Accords. February * February 8 ...
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Organisations Based In Dhaka
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, inc ...
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Anti-dumping Authorities
Dumping, in economics, is a kind of injuring pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect. The objective of dumping is to increase market share in a foreign market by driving out competition and thereby create a monopoly situation where the exporter will be able to unilaterally dictate price and quality of the product. Trade treaties might include mechanisms to alleviate problems related to dumping, such as countervailing duty penalties and anti-dumping statutes. Overview A standard technical definition of dumping is the act of charging a lower price for the like product in a foreign market than the normal value of the product, for example the price of the same product in a domestic market of the exporter or in a third country market. This is often referred to as selling at less than "normal value" on the same level of trade in the ordinary cours ...
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Foreign Trade Of Bangladesh
The economy of Bangladesh is a major economy of South Asia and a developing market economy. — — —Siddiqi, Dina M. “Miracle Worker or Womanmachine? Tracking (Trans)National Realities in Bangladeshi Factories.” Economic and Political Weekly, vol. 35, no. 21/22, Economic and Political Weekly, 2000, pp. L11–17, . —Paksha Paul, B. (2010), "Does corruption foster growth in Bangladesh?", International Journal of Development Issues, Vol. 9 No. 3, pp. 246-262. —Chowdhury, M.S. (2007), "Overcoming entrepreneurship development constraints: the case of Bangladesh", Journal of Enterprising Communities: People and Places in the Global Economy, Vol. 1 No. 3, pp. 240-251. —Bashar, Omar K. M. R., and Habibullah Khan. “Liberalisation and Growth in Bangladesh: An Empirical Investigation.” The Bangladesh Development Studies, vol. 32, no. 1, Bangladesh Institute of Development Studies, 2009, pp. 61–76, . —Ahamed, Md Mostak. “Market Structure and Performance of Banglad ...
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Customs Duties
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. '' Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and red ...
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