Month: March 2003

Bangladesh and India have been a close trading relationship for a long time. With Bangladesh’s unprecedented transformation in the past decade, the country has become the economic miracle of South Asia and may well surpass India in terms of per capita income. Learn export import online to know what you can export or import to Bangladesh.   The Bangladeshi economy is largely driven by garment exports, which account for over 80 percent of its total exports. Remittances from overseas represent over 6 percent of GDP.  

Bangladesh Export-  

In the first four months of the fiscal year 2021-22, Bangladesh’s exports to India increased by 65% to $700 million.   

It was the first time that Bangladesh exports to India crossed the $1 billion mark in FY21, reaching $1.28 billion.    

If that rate of growth continues, the country will earn more than $2 billion in exports for the first time this year from the largest economy in South Asia.   

• India is a major consumer of Bangladeshi goods. Bangladeshi exporters are actively selling many new products to India, including garments and food products. Exports of jute and leather are also the most popular. 

The fact that Bangladesh has a land border with India encourages Indian importers to buy products from there to reduce the cost of shipping. As a result, Bangladeshi exports to India are on the rise. Export import training can help you in starting your business. 

India Imports from Bangladesh-  

Imports from Bangladesh to India are at their highest in September 2021 with a value of $230.87 million, and at their lowest in the month of May with a value of $63.56 billion. 

Articles of Apparel and Clothing Accessories, NOT Knitted or Crocheted. 

Animal or Vegetable Fats and Oils, etc.  

Articles of Apparel and Clothing Accessories, Knitted or Crocheted.  

Other Made-up Textile Articles, Rags, etc.  

Other Vegetable Textile Fibres, Paper Yarn, etc. 

Inorganic chemical 

Articles of leather, travel goods   

With an import value of $257.44 million, apparel and clothing rank as India’s top imported commodity, followed by animal or vegetable fats and oils at $173.06 million, knitted and crocheted apparels and clothing at $160.91 million, and many more.

India Exports to Bangladesh-  

India supplies Bangladesh with the majority of its commodities, such as cereals, cotton, articles of iron & steel, mineral fuel, electronic equipment, edible vegetables, coffee, tea, etc.  With the economic boom of the eastern neighbour continuing to fuel India’s export growth, Bangladesh is expected to become India’s fourth largest export destination in FY22, jumping five places in two years. 

Conclusion-  

If Bangladesh continues to increase its exports to countries worldwide with its high-quality commodities, it will definitely receive a surge in trade.  A joint study has been undertaken by India and Bangladesh to examine the prospects for a bilateral comprehensive economic partnership agreement (CEPA).  Join our import export consultancy service and start your international trade with expert guidance. Or join our live free webinar to become a part of Digital Exim. Click the link listed below.     https://chat.whatsapp.com/Bqz4SWH55nSGtKj3GnJAC8 Do give us a visit! 

The IHC – Inland Haulage Charge refers to transportation charges from the sea port of loading up to the inland container freight station or vice versa. Know more about international trading terms with import export course online and start your business with us.  Cargo freight stations are often located far from the port of loading, so the shipper must complete customs formalities at such stations and arrange to transport cargo either by rail or by road to the port of loading.  In such locations, the majority of cargo is usually transported by rail. When moving goods by rail, the fees for moving goods from the location to the port of loading, or from the port to the inland trucking station, are known as inland haulage charges.  The inland haulage charges are different from CFS to CFS, since the distance from CFS to port of loading is different from one location to another.   Inland Haulage Charges – IHC – are collected from shipping lines at the time of Bill of Lading release for export shipments, and at the time of Delivery Order issuance for import shipments.  A charge for inland haulage will only occur if the cargo owner has designated the ocean carrier (shipping line or freight forwarder) to handle the pre- or on-carriage to an inland location.  Comment below your thoughts on this article. Join our online import export course and know more.  

For More Knowledge Read Our Article On-

FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment ?What Is E-Commerce Under GST?  What Is Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is Bill of Exchange? What is a Letter of Credit? 

What is Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

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Line number in Import General Manifest is something that most importers will have heard about or experienced. Here in this article, we will know what is a line number in IGM? You can understand such technical terms of international trade in our export import training program.   IGM contains information about goods arriving at the destination and is completed by the carrier of the goods at that location.  A carrier of goods files an IGM with customs after arriving at a customs location with the following details: the name of the shipper, the consignee, the number of packages, the type of packages, the AWB/BL number, and a description of the goods, etc.   Normally, each shipment is given a serial number in the Import General Manifest. Usually, the carrier treats one Bill of Lading or one Airway Bill as one shipment. This is why each Bill of Lading/Airway Bill is listed one by one by mentioning the serial number in IGM. The serial number is called the Line number in IGM.  Did you enjoy our article on line number? Do give us your feedback. The information provided above is part of our Online Export Import Training course.   

For More Knowledge Read Our Article On-

What is IHC- Inland Haulage Charges? FIRC In Export And Import Business Documentation of High Sea Sales What is Triangular Shipment ?What Is E-Commerce Under GST?  What Is Port Of Discharge And Place Of DeliveryDifferent Types of Export Containers What is FCL in Export Import? Steps to Become Successful in Trade for Start-ups What is Mother Vessel and Feeder Vessel  What is co-loading? What is ICD? 

What is SWOT Analysis and Why it is Important for Business?

Role of Indian Embassy in Export ImportWhat is Registration Cum Membership Certificate? What is DGFT and Its Role? What is Bill of Exchange? What is a Letter of Credit? 

What is Bill of Lading? 

What is High Sea Sales?  What Does DGFT Grant to Indian Importers & Exporters?

Watch Our YouTube Videos On-

https://www.youtube.com/watch?v=rrHdoF4RJjA&t=2shttps://www.youtube.com/watch?v=kO2ekPQke8whttps://www.youtube.com/watch?v=C4H8yLWDOm8&t=1shttps://www.youtube.com/watch?v=tyI7RFtpaRg&t=1shttps://www.youtube.com/watch?v=y4bXUAtMY8A&t=12shttps://www.youtube.com/watch?v=7pMI3vlKEDchttps://www.youtube.com/watch?v=r_4zjeW2Ht8&t=1shttps://www.youtube.com/watch?v=dptTB7HCJtA&t=4shttps://www.youtube.com/watch?v=5aTvyKIc7ks&t=1s

Trade fairs are regularly organised in many parts of the world. The main focus had always been the expansion of the pre-existing business or get ideas for a start-up. Import export courses and import export consultancy are also a good way to gain knowledge about business expansion. Various import export online courses are available not only in Ahmedabad but are spread across India and the world.

This year India will be the Host to many National and International Trade Fairs. Apart from that, this year you’ll be able to witness a large number of international trade fairs with hosts spread across the world.

Trade fairs are known by various names. The most commonly used synonyms are:

• Trade Show
• Expo
• Trade Exhibition

A trade fair can be defined as an event that brings together people of the same industry to showcase their products and services to increase their business. It’s a good way to access various markets simultaneously.

Trade fairs can be organized in huge places, in several cities, and can last for many days. An audience from across the world can attend the event, while some are limited to a relevant audience.

Trade fair serves the purpose of bringing a huge amount of entrepreneurs together, in the field of your choosing which not only increases the exposure of your business but also provides new ideas from fellow entrepreneurs.

• Why must Trade Fairs be organized?

There can be numerous reasons for a Trade Fair to take place. Trade Fairs provides start-up business person to study market vastly and in one place. It can also provide an established businessman with an opportunity to expand his business by having a closer view of his opponent.

Trade fairs present as an excellent opportunity to initiate new tie-ups, find buyers and suppliers. Most importantly, Trade Fairs attract a huge amount of investment into the country, in the form of new and/or expansion of the business.

• Fees to attend TRADE FAIRS

Nominal fees are sometimes levied on the attendants of the trade fair. It mainly serves the purpose of restricting the crowd from attending the expos.

Many times the fees levied is comparatively high to allow only the most elite and interested businessmen to attend such Exhibitions.

Some trade fairs are not open to the audience while some are open to all. Some Expos are made open to the locals after a few days of organizing.

Let’s look at some of the advantages and disadvantages of organizing and attending a trade fair.

• ADVANTAGES 

1. The whole business community is gathered in one place which provides an excellent opportunity for communication.
2. For people willing to start up, it serves as a very good chance to have a closer look at the mammoths of the industry and learn.
3. Trade fairs provide with amply amount of investment in new business and tie-ups.
4. Small business holders are inspired to expand their business and are motivated in the right direction of trade.
5. Live demonstrations of the products that are fairly famous in the market can also be provided.

• DISADVANTAGES

1. The major disadvantage of organizing a trade fair would be the amount of money the organizer will have to pay to hire a huge place for people from the varied business community to meet.
2. The fees levied on the attendants sometimes, is not justified. At some trade expos, the entry fees are huge while the knowledge gained by attending it is not worth the value.
3. A sense of competition arises and not everyone can digest a fair comparison. People get enough time to compare two products, which raises brawls, in many places.
4. Some influential businessmen get high priority while the rest might be faced with a biased attitude.

Let’s first see the International Trade Fairs around the world and then we’ll jump to the various popular international trade fairs India will host.

• The most recent Trade Fair will be organized on the 12th of March 2021, this year in France, named ‘FOIRE EUROPÉENNE DE STRASBOURG’. This Trade Expo offers Gift ideas and discount offers for all the things needed in a home, for gardens and decorations. It lasts for three days and welcomes around 25 participating countries every year.
• In April 2021, China organizes a Trade Fair, ‘CANTON FAIR GUANGZHOU’, which features Electronics, Vehicle machinery, materials for building, chemical products, goods etc. It is open for both Businessmen and locals and is organized twice a year.

Listed below are some of the most popular and fancy TRADE FAIRS you must not miss if you are an aspiring businessman or looking forward to expanding your business.

Sr.No	Name	Place	Date	Purpose
1	Hannover Messe	Germany	April	Industrial Techniques Section
2	Jakarta Fair	Indonesia	May	Commercial goods
3	Foire Exposition De Picardie	France	June	Home and office design, Furniture and Lightening
4	Izmir International Fair	Turkey	Sept	Catering and Hospitality industry
5	Global Trade Show	South Africa	Nov	Commercial goods, Food processing industry

Now let’s take a look at the upcoming Trade Fairs in India.

• MachAuto Expo: As the name suggests, MachAuto Expo is a trade fair that focuses on the exhibition of automation tech, machinery tools and everything that includes engineering products. It is expected to be held from the 19th of February to the 22nd of February.
• Corporate Gifts Show: A fancy and trendy trade fair that provides Novelty Gifts and Stationery Products. It’s one of a kind Trade Fair where one can find gamut Gifting Ideas.

Having known all about the Famous Trade Fairs around the globe, now its the time one decides which Expo to attend. Prepare a shortlist of Expos you wish to visit and also jot down the potential advantage your business will gain by attending the Expo.

Once it is decided to attend a particular Trade Fair, put up your best selling personality and your best selling product at the exhibition. Trade fairs are the best way to convince people of your product.

To know more about International Business and Import Export services, you can click the link below and be enlightened!

https://digitalexim.com/blog/

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