FE Online Report | Published: August 25, 2018 11:52:46 | Updated: September 13, 2018 14:37:47
Bangladesh is the second largest importer of the commercial services among the Least Developed Countries (LDCs).
Word Trade Statistical Review-2018, released by the World Trade Organization (WTO) last month, unveiled the scenario.
It showed that Bangladesh imported commercial services worth $9.01 billion in 2017.
The country’s share in world total imports of commercial services stood at 0.18 per cent in the past year while the ratio stood at 13.31 per cent for the total imports of the LDCs.
Angola was the largest importer of commercial services among the LDCs. The country imported commercial services worth $13.73 billion in the past year.
Commercial services are total services minus ‘government goods and services, not included elsewhere.’
The major component of the services include transport, travel, other commercial services (i.e. insurance, financial service etc) and goods-related services.
Post-LDC challenge lies in incentivising exports
BIDA for reform of 'fiscal depreciation' provision in tax law
Employment rate in BD exceeds global average: ILO
Incentive pays off as exports to new mkts on upswing
NBR plans 32 more tax zones across Bangladesh
Export performance of many sectors falls short of expectations
BB warns of fraud in Fintech services
Bangladesh, UAE to sign two agreements
© 2017 - All Rights with The Financial Express