Foreign Policy of Bangladesh: Bilateral Trade between Bangladesh & India

Tahmina Akter and Md. Al Amin

International Journal of Science and Business, 2019, vol. 3, issue 6, 65-70

Abstract: Foreign policy indicates the policy of a sovereign state in its interaction with other sovereign state. India is the neighbor country of Bangladesh & Bangladesh is surrounded by India from three sides. So Bangladesh cannot avoid India. From after the liberation war of Bangladesh Indo-Bangladesh relation become develop day by day. Bilateral trade is the result of good foreign policy of Bangladesh with India. In this research paper I discuss about the trade policy of Indo-Bangladesh. For data collection I use some methods & materials, I have collected data from Bangladesh Bank, Export-Import statistics & had been searched websites, Google Scholar, Research Gate. I selected my objective of research -economic policy of Bangladesh with India, find the problems of trade policy & giving a solution by foreign policy. In data of Bangladesh export-import we can see that the import of Bangladesh is more than export. The import items are -all types cotton, organic & chemical products, vehicles, cosmetics & plastic items etc. on the other hand export items of Bangladesh are-home textile, Jute & jute goods, frozen foods etc. From this export items Bangladesh earn millions of dollars as a result we can say Bangladesh foreign policy become develop. After some years it would become a great economic zone for others country. There are some problems Bangladesh foreign policy with India. They are geographical position, political problems, lacking of experts’ people who make policy, as a poor country Bangladesh affected various treaties. These problems cannot be removed in a day we can reduce these problems by standard of the diplomacy, national resources should be used properly, the trends of party system should be avoided, create a peaceful place & friendly place by foreign policy.

Keywords: Bilateral; Export; Import; Deficit; Trade balance (search for similar items in EconPapers)
Date: 2019
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