THE TRADE PERFORMANCE OF GARMENT SECTOR OF BANGLADESH WITH INDIA

Abstract

Bangladesh is geographically bounded by India on 3 sides, the Sea of Bengal upon that south, and a very minor border region with Myanmar inside the south-east. Despite being a small rising developing economy, Bangladesh has given their close physical proximity and cordial political and diplomatic ties, it makes sense that Bangladesh and its largest neighbor would conduct a lot of business together. The research provides some early findings of commerce between these two nations in light of this backdrop. More precisely, it explored the relative positions of the two nations in international commerce and used aggregate level data to analyze the overall pattern in exporting to and importing from India as well as the trend in the balance of trade. The study concludes because India has a significantly stronger place in the world commerce compared to Bangladesh and also that India significantly outperforms Bangladesh in trade agreements, causing Bangladesh to have a very significant and ongoing trade imbalance with India. The study made use of information gathered from national sources as well as sources from international organizations like the UNCTAD and the World Bank. Academics, researchers, policymakers in Bangladesh, India, and multiple global entities, research institutes, and trade professionals will find the article interesting.