Sharing borders with India and Myanmar, The People’s Republic of Bangladesh enjoys a superb strategic position between the subcontinent and Southeast Asia. Bangladeshi ports are important for the economies of Northeast India, Nepal and Bhutan, providing sea access for these landlocked regions.
The economy of Bangladesh has grown steadily since the early 1980s. Today Bangladesh is one of the world’s fastest growing economies, and the second largest financial economy in the Indian subcontinent.
Bangladesh has a population of around 163 million, of whom around 19 million live in Dhaka, the country’s capital. Dhaka and Chittagong are the country’s chief financial centres. Dhaka is one of the region’s chief financial centres, an international hub for trade and business.
The Bangladeshi government has pursued industrialisation with a view to export, and Bangladesh’s growth has been driven chiefly by garment, textile, fish and seafood exports. Other important sectors include remittances and agriculture.
In addition to India, other key trading partners include China, South Korea, India, Egypt, the United Kingdom, the United Arab Emirates and Malaysia.
In 2008 the government announced Digital Bangladesh, an exciting scheme to foster development in the IT sector.
Our HLB firm in Dhaka is known as one of Bangladesh’s leading advisory and accounting firms. Our team of HLB professionals serve a wide range of clients looking to do business in Bangladesh.
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