Description
. It includes social etiquettes, business etiquettes followed in bangladesh. It also covers details of India's export to banglasesh.
INTERNATIONAL BUSINESS
About Bangladesh
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?
? ?
?
? ? ? ?
Continent Capital Language Population GDP (PPP) GDP (Nominal) Currency Imports Exports
: Asia : Dhaka : Bengali : 149,772,364 : $214.229 billion : $105.00 bn : Taka : $33.66 bn : $22.92 bn (2010-11)
* All figures are for year 2010-11.
Source: IMF World Economic Outlook
Social Etiquettes
Meeting and Greeting
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?
?
? ?
?
Greetings usually take place between members of the same sex Women will only really be met within business contexts and even so, it is best to wait to see if a hand is extended before doing so The traditional greeting for Muslims is Asalamu alaikum to which the response is wa alaikum salam In general, age dictates how people are addressed If people are of the same age, they use first names If the person being addressed is older than the speaker, the person is called by their first name and a suffix that denotes the family relationship
Social Etiquettes
Dining Etiquette ? People eat with their hands and it may be that you share food from a common dish ? Ensure you wash your hands before eating ? Guests are generally served first then the oldest, continuing in order of seniority ? Do not start eating until the oldest person at the table begins ? The left hand is considered unclean so only eat, pass dishes or drink with the right hand
Social Etiquettes
Gift Giving Etiquette ? Gifts are mainly given between family members at religious holidays, especially after Ramadan and Hajj ? When visiting a Bangladeshi's home, it is more common to bring pastries, sweets or good quality chocolates ? If bringing flowers avoid frangipanis as they are used at funerals Similarly white flowers indicate mourning ? Do not give alcohol or products containing non-halal meat to Muslims ? Never give money ? It is considered bad form to open gifts in front of the giver ? Gifts are given with two hands
Business Etiquettes
Meeting & Greeting ? Business etiquette in Bangladesh is reasonably formal ? Men greet each other with a handshake upon arriving and leaving ? Foreign men should nod to a Bangladeshi woman unless she extends her hand ? Businessmen should be addressed by the term "Bahadur" ("Sir"), while women may be addressed as "Begum" ("Madam") ? Wait until your counterpart moves to a first name basis before you do so
Business Etiquettes
Communication Styles ? Bangladeshis are quite implicit/indirect communicators and tend to communicate in long, rich and contextualized sentences ? It is important for people who come from implicit/direct cultures to understand that their communication styles may be seen as rude and the information provided inadequate ? Personal space is less of an issue in Bangladesh than many European cultures ? However, when speaking with a woman the space is often increased.
Business Etiquettes
Business Card Etiquette ? Business cards are exchanged after the initial introduction ? Educational qualifications are valued so include any university degrees ? Present your business card with the right hand ? Treat business cards given to you with respect
Business Etiquettes
Business Meetings ? Communication is formal and follows a hierarchical structure, this is especially true when dealing with government officials ? One should never let their level of professionalism slip ? Casual behavior may be misinterpreted as a lack of respect ? Never lose your temper or show emotion ? Serious face is believed to demonstrate maturity
Business Etiquettes
Dress ? Dress is quite conservative for both men and women ? For Men:
? ?
?
Conservative, dark colored suits Wear shoes that are easy to slip on and off if possible Conservative business suits or dresses and blouses are appropriate Avoid tight fitting and revealing clothing, as well sleeveless attire Dresses should not reveal too much of the legs
For Women:
? ? ?
?
Jeans and less casual attire are not recommended for a first meeting
Business Etiquettes
Negotiations ? Avoid hard selling, pressure tactics and any sort of conflict or confrontation ? Saving face and maintaining the semblance of harmony is important ? Decisions usually come from the top down and tend to take some time to be made
Trade Figures
(2010-2011)
India’s Exports to Bangladesh
(in million $)
S.No. HSCode 1 52 COTTON. 2 Commodity 2010-2011 2011-2012(Apr-Dec) 1,081.39 645.11 248.27 198.58
3 4 5 6
87 VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AND ACCESSORIES THEREOF. 23 RESIDUES AND WASTE FROM THE FOOD INDUSTRIES; PREPARED ANIMAL FODER. 10 CEREALS. 7 EDIBLE VEGETABLES AND CERTAIN ROOTS AND TUBERS. 84 NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF. 27 MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES. 29 ORGANIC CHEMICALS 39 PLASTIC AND ARTICLES THEREOF. 17 SUGARS AND SUGAR CONFECTIONERY. Others
245.88 172.41 139.07 122.95
145.01 201.85 79.22 121.54
7
111.75
80.54
8 9 10 11
99.32 77.06 70.57 874.23 3242.9
77.32 61.27 116.72 722.47 2449.63
Source: Dept of Commerce Export-Import Data
India’s Exports to Bangladesh
(in million $)
COTTON.
VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AN ACCESSORIES THEREOF. 27% 33% RESIDUES AND WASTE FROM THE FOOD INDUSTRIES; PREPARED ANIMAL FODER. CEREALS. 2% 2% 3% 4% 4% 4% 5% 8% 8%
EDIBLE VEGETABLES AND CERTAIN ROOTS AND TUBERS.
NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF.
MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXE ORGANIC CHEMICALS
PLASTIC AND ARTICLES THEREOF.
Total Exports = 3242.9 million $
* All figures are for year 2010-11.
SUGARS AND SUGAR CONFECTIONERY.
Others Source: Dept of Commerce Export-Import Data
India’s Imports from Bangladesh
(in million $)
S.No. 1 2 3 4 5 6 7 8 9 10 11 HSCode Commodity 53 OTHER VEGETABLE TEXTILE FIBRES; PAPER YARN AND WOVEN FABRICS OF PAPER YARN. 3 FISH AND CRUSTACEANS, MOLLUSCS AND OTHER AQUATIC 63 INVERTABRATES. TEXTILE ARTICLES; SETS; WORN CLOTHING AND OTHER MADE UP WORN TEXTILE ARTICLES; RAGS 27 MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES. 25 SALT; SULPHUR; EARTHS AND STONE; PLASTERING MATERIALS, LIME AND CEMENT. 8 EDIBLE FRUIT AND NUTS; PEEL OR CITRUS FRUIT OR MELONS. 72 IRON AND STEEL 62 ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR ARTICLES THEREOF. 74 COPPER ANDCROCHETED. 41 RAW HIDES AND SKINS (OTHER THAN FURSKINS) AND LEATHER Others 2010-2011 2011-2012(Apr-Dec) 99.54 108.62 59.17 58.24 41.3 33.06 25.84 16.8 16.28 14.71 12.06 69.75 446.75 61.27 43.12 17.33 19.91 34.02 9.98 20.5 16.53 3.74 89.39 424.41
Source: Dept of Commerce Export-Import Data
India’s Imports from Bangladesh
(in million $)
OTHER VEGETABLE TEXTILE FIBRES; PAPER YARN AND WOVEN FABRICS OF PAPER YARN.
16% 3% 3% 4% 4% 6% 7%
FISH AND CRUSTACEANS, MOLLUSCS AND OTHER AQUATIC INVERTABRATES.
22% OTHER MADE UP TEXTILE ARTICLES; SETS; WORN CLOTHING AND WORN TEXTILE ARTICLES; RAGS
13%
MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES. SALT; SULPHUR; EARTHS AND STONE; PLASTERING MATERIALS, LIME AND CEMENT. EDIBLE FRUIT AND NUTS; PEEL OR CITRUS FRUIT OR MELONS.
13% 9%
IRON AND STEEL
Total Imports = 446.75 million $
* All figures are for year 2010-11.
ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR COPPER AND ARTICLES THEREOF. CROCHETED.
Source: Dept of Commerce Export-Import Data
What India can Export
?
Cruise ships, excursion boats , ferry-boats, cargo ships, barges and similar vessels Bangladesh imports ships, boats, vessels worth $23.34 million from European Union, Maldives India stopped exporting to Bangladesh after 2008-09
?
?
?
?
India’s export to other countries : 568.96 million $
Major Export to:
S.No. Country Values in US$ Million 2010-2011 1 SOUTH AFRICA 2 SINGAPORE 3 MALAYSIA 4 U ARAB EMTS 5 TIMOR LESTE 6 Others 933.44 859.28 665.17 487.8 465.15 1421.34
4832.18
* All figures are for year 2010-11. Source: Dept of Commerce Export-Import Data
References
?
IMF World Economic Outlook Database
(www.imf.org)
?
Dept of Commerce Export-Import Data Bank
(commerce.nic.in/eidb/default.asp)
?
CIA World Fact Book
(www.cia.gov/library/publications/the-world-factbook/geos/bg.html)
?
Ministry of Commerce, Bangladesh – EPB
(www.epb.gov.bd)
THANK YOU
doc_403141724.pptx
. It includes social etiquettes, business etiquettes followed in bangladesh. It also covers details of India's export to banglasesh.
INTERNATIONAL BUSINESS
About Bangladesh
?
?
? ?
?
? ? ? ?
Continent Capital Language Population GDP (PPP) GDP (Nominal) Currency Imports Exports
: Asia : Dhaka : Bengali : 149,772,364 : $214.229 billion : $105.00 bn : Taka : $33.66 bn : $22.92 bn (2010-11)
* All figures are for year 2010-11.
Source: IMF World Economic Outlook
Social Etiquettes
Meeting and Greeting
?
?
?
? ?
?
Greetings usually take place between members of the same sex Women will only really be met within business contexts and even so, it is best to wait to see if a hand is extended before doing so The traditional greeting for Muslims is Asalamu alaikum to which the response is wa alaikum salam In general, age dictates how people are addressed If people are of the same age, they use first names If the person being addressed is older than the speaker, the person is called by their first name and a suffix that denotes the family relationship
Social Etiquettes
Dining Etiquette ? People eat with their hands and it may be that you share food from a common dish ? Ensure you wash your hands before eating ? Guests are generally served first then the oldest, continuing in order of seniority ? Do not start eating until the oldest person at the table begins ? The left hand is considered unclean so only eat, pass dishes or drink with the right hand
Social Etiquettes
Gift Giving Etiquette ? Gifts are mainly given between family members at religious holidays, especially after Ramadan and Hajj ? When visiting a Bangladeshi's home, it is more common to bring pastries, sweets or good quality chocolates ? If bringing flowers avoid frangipanis as they are used at funerals Similarly white flowers indicate mourning ? Do not give alcohol or products containing non-halal meat to Muslims ? Never give money ? It is considered bad form to open gifts in front of the giver ? Gifts are given with two hands
Business Etiquettes
Meeting & Greeting ? Business etiquette in Bangladesh is reasonably formal ? Men greet each other with a handshake upon arriving and leaving ? Foreign men should nod to a Bangladeshi woman unless she extends her hand ? Businessmen should be addressed by the term "Bahadur" ("Sir"), while women may be addressed as "Begum" ("Madam") ? Wait until your counterpart moves to a first name basis before you do so
Business Etiquettes
Communication Styles ? Bangladeshis are quite implicit/indirect communicators and tend to communicate in long, rich and contextualized sentences ? It is important for people who come from implicit/direct cultures to understand that their communication styles may be seen as rude and the information provided inadequate ? Personal space is less of an issue in Bangladesh than many European cultures ? However, when speaking with a woman the space is often increased.
Business Etiquettes
Business Card Etiquette ? Business cards are exchanged after the initial introduction ? Educational qualifications are valued so include any university degrees ? Present your business card with the right hand ? Treat business cards given to you with respect
Business Etiquettes
Business Meetings ? Communication is formal and follows a hierarchical structure, this is especially true when dealing with government officials ? One should never let their level of professionalism slip ? Casual behavior may be misinterpreted as a lack of respect ? Never lose your temper or show emotion ? Serious face is believed to demonstrate maturity
Business Etiquettes
Dress ? Dress is quite conservative for both men and women ? For Men:
? ?
?
Conservative, dark colored suits Wear shoes that are easy to slip on and off if possible Conservative business suits or dresses and blouses are appropriate Avoid tight fitting and revealing clothing, as well sleeveless attire Dresses should not reveal too much of the legs
For Women:
? ? ?
?
Jeans and less casual attire are not recommended for a first meeting
Business Etiquettes
Negotiations ? Avoid hard selling, pressure tactics and any sort of conflict or confrontation ? Saving face and maintaining the semblance of harmony is important ? Decisions usually come from the top down and tend to take some time to be made
Trade Figures
(2010-2011)
India’s Exports to Bangladesh
(in million $)
S.No. HSCode 1 52 COTTON. 2 Commodity 2010-2011 2011-2012(Apr-Dec) 1,081.39 645.11 248.27 198.58
3 4 5 6
87 VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AND ACCESSORIES THEREOF. 23 RESIDUES AND WASTE FROM THE FOOD INDUSTRIES; PREPARED ANIMAL FODER. 10 CEREALS. 7 EDIBLE VEGETABLES AND CERTAIN ROOTS AND TUBERS. 84 NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF. 27 MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES. 29 ORGANIC CHEMICALS 39 PLASTIC AND ARTICLES THEREOF. 17 SUGARS AND SUGAR CONFECTIONERY. Others
245.88 172.41 139.07 122.95
145.01 201.85 79.22 121.54
7
111.75
80.54
8 9 10 11
99.32 77.06 70.57 874.23 3242.9
77.32 61.27 116.72 722.47 2449.63
Source: Dept of Commerce Export-Import Data
India’s Exports to Bangladesh
(in million $)
COTTON.
VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AN ACCESSORIES THEREOF. 27% 33% RESIDUES AND WASTE FROM THE FOOD INDUSTRIES; PREPARED ANIMAL FODER. CEREALS. 2% 2% 3% 4% 4% 4% 5% 8% 8%
EDIBLE VEGETABLES AND CERTAIN ROOTS AND TUBERS.
NUCLEAR REACTORS, BOILERS, MACHINERY AND MECHANICAL APPLIANCES; PARTS THEREOF.
MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXE ORGANIC CHEMICALS
PLASTIC AND ARTICLES THEREOF.
Total Exports = 3242.9 million $
* All figures are for year 2010-11.
SUGARS AND SUGAR CONFECTIONERY.
Others Source: Dept of Commerce Export-Import Data
India’s Imports from Bangladesh
(in million $)
S.No. 1 2 3 4 5 6 7 8 9 10 11 HSCode Commodity 53 OTHER VEGETABLE TEXTILE FIBRES; PAPER YARN AND WOVEN FABRICS OF PAPER YARN. 3 FISH AND CRUSTACEANS, MOLLUSCS AND OTHER AQUATIC 63 INVERTABRATES. TEXTILE ARTICLES; SETS; WORN CLOTHING AND OTHER MADE UP WORN TEXTILE ARTICLES; RAGS 27 MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES. 25 SALT; SULPHUR; EARTHS AND STONE; PLASTERING MATERIALS, LIME AND CEMENT. 8 EDIBLE FRUIT AND NUTS; PEEL OR CITRUS FRUIT OR MELONS. 72 IRON AND STEEL 62 ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR ARTICLES THEREOF. 74 COPPER ANDCROCHETED. 41 RAW HIDES AND SKINS (OTHER THAN FURSKINS) AND LEATHER Others 2010-2011 2011-2012(Apr-Dec) 99.54 108.62 59.17 58.24 41.3 33.06 25.84 16.8 16.28 14.71 12.06 69.75 446.75 61.27 43.12 17.33 19.91 34.02 9.98 20.5 16.53 3.74 89.39 424.41
Source: Dept of Commerce Export-Import Data
India’s Imports from Bangladesh
(in million $)
OTHER VEGETABLE TEXTILE FIBRES; PAPER YARN AND WOVEN FABRICS OF PAPER YARN.
16% 3% 3% 4% 4% 6% 7%
FISH AND CRUSTACEANS, MOLLUSCS AND OTHER AQUATIC INVERTABRATES.
22% OTHER MADE UP TEXTILE ARTICLES; SETS; WORN CLOTHING AND WORN TEXTILE ARTICLES; RAGS
13%
MINERAL FUELS, MINERAL OILS AND PRODUCTS OF THEIR DISTILLATION; BITUMINOUS SUBSTANCES; MINERAL WAXES. SALT; SULPHUR; EARTHS AND STONE; PLASTERING MATERIALS, LIME AND CEMENT. EDIBLE FRUIT AND NUTS; PEEL OR CITRUS FRUIT OR MELONS.
13% 9%
IRON AND STEEL
Total Imports = 446.75 million $
* All figures are for year 2010-11.
ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR COPPER AND ARTICLES THEREOF. CROCHETED.
Source: Dept of Commerce Export-Import Data
What India can Export
?
Cruise ships, excursion boats , ferry-boats, cargo ships, barges and similar vessels Bangladesh imports ships, boats, vessels worth $23.34 million from European Union, Maldives India stopped exporting to Bangladesh after 2008-09
?
?
?
?
India’s export to other countries : 568.96 million $
Major Export to:
S.No. Country Values in US$ Million 2010-2011 1 SOUTH AFRICA 2 SINGAPORE 3 MALAYSIA 4 U ARAB EMTS 5 TIMOR LESTE 6 Others 933.44 859.28 665.17 487.8 465.15 1421.34
4832.18
* All figures are for year 2010-11. Source: Dept of Commerce Export-Import Data
References
?
IMF World Economic Outlook Database
(www.imf.org)
?
Dept of Commerce Export-Import Data Bank
(commerce.nic.in/eidb/default.asp)
?
CIA World Fact Book
(www.cia.gov/library/publications/the-world-factbook/geos/bg.html)
?
Ministry of Commerce, Bangladesh – EPB
(www.epb.gov.bd)
THANK YOU
doc_403141724.pptx