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Bangladesh's Trade Barriers in Global Perspective - a Comparative Analysis

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Bangladesh's Trade Barriers in Global Perspective - a Comparative Analysis
PF/C-180/IRP ABSTRACT Freeing trade frequently benefits the poor especially. Many developing countries have high tariffs. Since early 1980s Bangladesh promoted trade mainly through removal of structural obstacles to production and trade. In this paper a number of measures to determine crosscountry Trade Barrier were discussed. Though the methodology adapted by Dr Raihan got especial treat as it is current and relates to Bangladesh. Then Bangladesh’s progress of trade with SAFTA countries and other major trading partners were discussed. Later a trade barrier index was constructed, replicating Dr Raihan’s model and using most recent dataset, considering only the import to Bangladesh from SAFTA countries and other major trading partners. It is found that Bangladesh is gradually opening up her market. However, it would be of great interest to Bangladesh to continue opening up especially within the region.

BANGLADESH'S TRADE BARRIERS IN GLOBAL PERSPECTIVE - A COMPARATIVE ANALYSIS
References: A. B. Defence Services Command and Staff College (DSCSC) Précis on Individual Joint Services Stuff Duties Manual 2003. INTRODUCTION

Research Paper, for DSCSC 2008- 2009 course.

“It is inconsistent to support a policy of low trade barriers. Either trade barriers are useful, then they cannot be high enough; or they are harmful, then they have to disappear completely.” - Ludwig von Mises, economist.
1. In most simplistic terms the Trade barrier/restrictiveness is a government’s

regulations that restrict the trade of one country with all other trading partner countries. Within today's global economy countries now trade more intensively and frequently than in

the past. Trade has become an increasingly important global economic activity, with annual trade volumes increasing sixteen fold over the last fifty years and the ratio of world exports to GDP now approaching twenty percent. With this recent acceleration of global trade, countries throughout the world have benefited from
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