Toward New Sources of Competitiveness in Bangladesh

The Diagnostic Trade Integration Study identifies the following actions centered around four pillars to sustain and accelerate export growth: (1) breaking into new markets through a) better trade logistics to reduce delivery lags; as world markets become more competitive and newer products demand shorter lead times, to generate new sources of competitiveness and thereby enable market diversification; and b) better exploitation of regional trading opportunities in nearby growing and dynamic markets, especially East and South Asia; (2) breaking into new products through a) more neutral and rational trade policy and taxation and bonded warehouse schemes; b) concerted efforts to spur domestic investment and attract foreign direct investment, to contribute to export promotion and diversification, including by easing the energy and land constraints; and c) strategic development and promotion of services trade; (3) improving worker and consumer welfare by a) improving skills and literacy; b) implementing labor and work safety guidelines; and c) making safety nets more effective in dealing with trade shocks; and (4) building a supportive environment, including a) sustaining sound macroeconomic fundamentals; and b) strengthening the institutional capacity for strategic policy making aimed at the objective of international competitiveness to help bring focus and coherence to the government's reform efforts.

Bibliographic Details

Main Authors:	Kathuria, Sanjay, Malouche, Mariem Mezghenni
Format:	Book biblioteca
Language:	en_US
Published:	Washington, DC: World Bank 2016
Subjects:	clothing, competitiveness, employment, foreign investment, integration, jute, labor endowment, protectionism, trade, trade facilitation,
Online Access:	https://hdl.handle.net/10986/22712
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