In Bangladesh Perpective How We Can Use Jute
Executive Overview: _________________________________
Jute is a adaptable, natural fiber that has been intended for thousands of years to make things such as rope, twine, hessian bags, mats, and much more. Whilst it is still being used extensively around the globe, it is not as popular as it could have been. Provided the increasing focus on environmental issues today, jute very good products can be put into the lime green light, as they are environment friendly. Taking in view the leads, this is the high time to promote the export with the jute-diversified products using limited resources.
Although Bangladesh is famous for jute and of that ilk fibers, clothes industries swept in and possess developed because of relative benefit and affordable labor cost. As you have the Multi dietary fiber concept of merger jute to natural and synthetic materials, jute provides bright future for with them in the different textile areas. It needs wide support for production and marketing of such diversified products. Because of this, the Govt. of Bangladesh started policy set for the availability of varied jute merchandise through non-public sector.
The government's new jute policy can be expected to give attention to enhancement with the country's development capacity, diversification of the item base and growth of export earnings. It could be good if this were accompanied with great corporate governance practices within the remaining BJMC (Bangladesh Jute Mills Corporation) mills to ensure both community and private generators can remain competitive on equivalent footing. В BJMC's financial losses continue to be a substantial fiscal burden. This has arisen not only via BJMC's practically automatic access to loans from your nationalized industrial banks (NCBs) for many years, but also BJMC's greater control of the purchase price of raw jute and foreign trade price for jute items. These conditions do not create a level playing field pertaining to the non-public mills. Dealing with these issues will enhance effectiveness and competitiveness of the sector and may support Bangladesh regain its past glory in the jute market.
Setting up a new market: France________________________
At the moment, Jute industry is the second largest commercial employer near your vicinity. About 1 . 2 M acres of land is at use to get jute cultivation per year. Bangladesh approximately makes about 2k crore taka from conveying jute goods on an common per year. In Bangladesh 10% of the total labor force can be engaged in jute sector. Jute products include a good market in overseas countries just like France, UNITED STATES, UK, Indonesia, Australia, and the Middle East. The products sought after include jute shopping luggage, blankets, garments, handicrafts.
The Bangladeshi jute can be yet to tap the European market. The demand pertaining to environment-friendly goods is rising worldwide. Based upon these standards we are about to export jute to France where state of the art infrastructure, business-friendly legal and regulatory environment is present. It can be true that we will be facing some challenges as the market is advanced, quality-conscious, great and competitive. We must your France marketplace as early as possible being competitive during Europe. On the other hand, opportunities can be found like fairly advanced systems, ideal test market to get introduction of new high-tech and consumer products, and no threat of existing jute merchandise producers. There are some export requirements. All released goods has to be presented for the appropriate Traditions office and declared for clearance. Products imported in to France must be declared inside the time limitations. Import permits are required simply for a limited quantity of products. These kinds of generally get into the two types of measures to protect local culture production and measures of state control. Products susceptible to a subspecies require transfer licenses, that are granted just to importers located in France. Importance licenses are usually required for particular products certainly not subject to quotas, but covered with open public...
References: Bangladesh, Export Campaign Bureau. Export Policy of Bangladesh. Dhaka. 1997.
Armstrong, Kotler. Concepts of Marketing. 6th Edition. Nj-new jersey: Pearson. 2002.
Khan Kawsar, G. (1999, July 13). Jute bag exports climb as buying goes eco-
Correct, Recovered December 20, 2004 by http://www.thedailystar.net/newDesign/news-details.php?nid=94737