Export Policy of the Government of Bangladesh: An Impact and Evaluation on Economy

Presently, the world market is very much competitive of its nature in the globalized age, where every country has to occupy its place according to the merit of business strategy. To establish a productive strategy trade deficit should have to be minimized or in other words, balance of trade as well as balance of payment should be directed into a positive manner in the context of economic development of a country like Bangladesh. Here the Government has an export policy to smoothly conduct the export activities. With a view to analyzing the prevailing export activities in this country in accordance with the prescribed export policy and showing the impact on economy the study is done. Findings of the study reveal the facts that the export costs have become higher which somehow results the trade deficit. To minimize the export costs as well as to reduce the trade deficit, some suggestions have been outlined.