Bangladesh has made significant economic and market reform progress over the past decade and is slowly becoming an attractive destination for investors due to its vast population, low-cost labour and proximity to India and China. While the business environment has shown signs of improvement in revent years, poor infrastructure, corruption and the absence of effective long term instituational support for private-sector development continue to challenge companies operating in the market. Moreover, the Bangladesh market is extremely price sensitive with low priced Indian and Chinese goods dominating many sectors. Such as, Canadian companies should sell into the market on the basis of quality, life cycle cost and after sales service. It is also recommended that exporters appoint a local representative or agent to help navigate the complexities of the market.
- Machinery - Packaging, Industrial & Analytical Instruments
- Mining & Metals
- Transportation Services