The democratic government has already taken a number of measures to stimulate the economy. In macro-economic terms, we have very prudent and market oriented fiscal policies. However, to improve the overall economy of the country and achieve the ultimate goal of eradicating poverty, annual investment has to grow rapidly from the present low base.
1. Location: Geographic location of the country is ideal for global trades with very convenient access to international sea and air route.
2. Natural Resources: Bangladesh is endowed with abundant supply of natural gas, water and its soil is very fertile.
3. Human Resources: We have a population of 130 million who are hard working and generally intelligent. There is an abundant supply of disciplined, easily trainable, and low-cost workforce suitable for any labor- intensive industry.
4. Social Stability: Bangladesh is a liberal democracy and mostly a one race and one religion country. The population of this country irrespective of race or religion have been living in total harmony and understanding for thousands of years.
5. Language: Although Bengali is the official language, but English is generally used as second language. Majority of even moderately educated population can read, write and speak in English.
6. Market Access: As a result of low per capita GDP of only US$386, present domestic consumption is not significant. However, it should always be considered that there exists a middle class with some purchasing power. As economic growth picks up, the purchasing power will also grow substantially. And in a country of more than 130 million people, even a small middle class may constitute a significant market.
7. GSP Facility: Most Bangladeshi products enjoy complete duty and quota
free access to EU, Japan, USA, Australia and most of the developed countries.
However, for apparel export to USA, we have certain quota regime which is
generally favorable to Bangladesh.