Welcome to our Presentation
Nov 22, 2014
Welcome to our Presentation
Presentation On
Export jute and jute product
Presented By Md.Ariful Islam ID: 111 112 042 Juton Kumar Saha
ID: 111 111 237 Md.Salsabil Hasan
ID: 111 112 049 Apu Chandra Das
ID: 111 112 073 Abu Siddik Sumon
ID: 111 112 045 Monir uddin Masum
ID: 111 112 005
Introduction
Bangladesh is the largest exporter of raw jute. Bangladesh export and supply jute and jute product.
JUTE is the single most important export item of Bangladesh
About 50 million people of this land are directly or indirectly involved in various activities related to jute and jute manufacturing
To Be Continued…
Cont..... The country made bags, best
quality jute sacks, jute hessian bags, food grade bags, jute yarns twines etc. by jute
Bangladesh’s jute goods export are Middle East, African Countries, European countries, South East Asia, Australia and USA.
Export Procedure and Documentation: When preparing to shipping a jute product overseas,
the exporter needs to be aware of packing, labeling, documentation, and insurance requirements.
Packing correctly so that it arrives in good condition
Labeling correctly to ensure that the goods are handled properly
Cont.....
Documented correctly to meet local and foreign government requirements
Insurance requirements against damage and loss of jute goods.
The new exporter must be sure to follow all shipping requirements.
Freight forwarders
The international freight forwarder acts as an agent for the exporter in moving cargo to the overseas destination.
Freight forwarders advise to exporter how they minimize export cost
And arrange or booking transport for exporting jute goods
Documentation
Letter of credit for the payment of exporting jute LC is the main document. according to
the jute export of Bangladesh a foreign buyer open a LC for the particular supplier under BJMC.
Commercial invoice
The overseas buyer also need commercial invoice to clear the goods from customs, prove ownership, and arrange payment
Jute expoter provide commercial invoice when they export jute to overseas buyer
Cont...
Bill of lading:
Bills of lading are contracts between the owner of the goods and the carrier (as with domestic shipments)
Invoice:
jute export processing invoice is made by the supplier before the product shipment.
Cont...
Other document Certificate of origin Inspection certification Dock receipt and warehouse receipt Insurance certificate
Export Trend
Transportation Mode
Mainly exported by the sea transportation.
The raw jute export to the india by truck. In intermodal transportation jute supplier
use their own or association truck to transport the product into the desire point of exit.
Bangladesh don’t use train for intermodal transportation
Export Distribution Channel Generally use indirect channel Supplier first contact with the BJMC BJMC find the potential buyer BJMC give all information about the buyer to the
potential seller.
Problems
Political instability Watter problem Because of the war market
have fall down in Middle East countries.
Budget problem
Problems
The situation in the domestic market is not encouraging.
Farmers are counting losses in jute cultivation. Wage increase of the labor is also having impact
Recommendation
Marketing system of BJMC jute mills needs to be changed.
Political environment should be stabled or organized of our country.
An appropriate mechanism has to be found in this regard.
Recommendation
Government should ensure that farmers get their fair prices
encourage the dealers/traders to improve quality, quantity and punctual delivery of jute goods
Govt. should provide an good amount of budget in jute sector.
Conclusion
If our government and private sector properly regulate and focus in our jute exporting and manufacturing then our economic growth rate will increased.
Thank You Everyone
Any Question?