• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing:  ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2017 Vol.8(2): 117-122 ISSN: 2010-023X
DOI: 10.18178/ijtef.2017.8.2.549

Trade Service Practices in Bangladesh — An Analysis

S. M. A. Habib and P. Shah
Abstract—The availability of finance and other relevant services is crucial for a healthy trading system, and to be effective, adequate financing and other support services backed by mature financial industries are essential. In Bangladesh, trade is the key component of international business activities, and trade facilitation is directly connected with the country’s global integration. As part of trade facilitation, banks facilitate payment, finance and risk management services to the traders and thus contribute to growing global trade integration of Bangladesh and other economies of the world. The paper is about reviewing and analyzing the trade services activities of Bangladesh. Based mainly on the secondary information, the study found that documentary credit has been the key trade facilitation instrument of the country and thus other financing tools are mainly associated with that of LC. Of the challenges compliance and trade based money laundering are identified as the key concerns in the area of trade services.

Index Terms—Trade finance, documentary credit, open account, transport document.

S. M. A. Habib is with Bangladesh Institute of Bank Management [BIBM], Bangladesh (e-mail: ahsan@bibm.org.bd).
P. Shah is with the Faculty of Business, University of Liberal Arts Bangladesh (ULAB), Bangladesh (e-mail: pinki11march@gmail.com).


Cite: S. M. A. Habib and P. Shah, "Trade Service Practices in Bangladesh — An Analysis," International Journal of Trade, Economics and Finance vol.8, no.2, pp. 117-122, 2017.

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