Transcript Brief Presentation on the Ministry of Commerce

Welcome to the Presentation
on the Activities of
the Ministry of Commerce
January 2008
Allocation of Business
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Import Policy formulation
Export Policy formulation and export promotion
Price Control
State Trading
Companies Act, Partnership Act, Societies and Trade
Organization Ordinance and Law of Insurance
• Promotion and regulation of internal commerce and
insurance
• Commodity issues
Allocation of Business (contd.)
• Tariff policy
• World Trade Organization and International Trade
Organizations
• Administration of 19 Commercial Wings of Bangladesh
Missions abroad
• Administration of BCS Trade Cadre
• Liaison with international organizations and world
bodies related to treaties and agreements
• Administration of sub-ordinate offices and
organizations under MOC.
Wings/Cells in the MOC
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Administration Wing
Foreign Trade Agreement (FTA) Wing
Export Wing
Insurance and Internal Trade Wing (IIT)
World Trade Organization (WTO) Cell
Planning Cell
Textile Cell and
Director, Trade Organizations (DTO)
Organizations under MOC
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Export Promotion Bureau (EPB)
Bangladesh Tariff Commission (BTC)
Department of Insurance
Office of Chief Controller of Imports and Exports
(CCI&E)
Bangladesh Tea Board
Registrar of Joint Stock Companies and Firms
Trading Corporation of Bangladesh (TCB)
Sadharan Bima Corporation
Jiban Bima Corporation
Bangladesh Insurance Academy
Bangladesh Foreign Trade Institute– Public/Private
World Trade in Goods in 2006 and
Bangladesh (US$)
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World merchandise exports: $11.76 trillion
Growth of merchandise export: 15%
Developing countries share: 36%
LDCs share: 0.9%
Bangladesh’s export in 2006-07: US $
12,177 million
• Export Growth of Bangladesh: 15.69%
World Trade in Services in 2006 and
Bangladesh (US$)
 Global Commercial services exports: $2.71
trillion
 Growth of services export : 11%
 Commercial Services in Bangladesh, 2006:
– Export :US $ 493 million
– Import: US $ 2,320 million
– Deficit: - US $ 1,827 million
 Remittance flow in 2006-07: 5998.47 million
 Services share of Bangladesh in world trade:
0.02%
Administration Wing
• Administration of the Ministry of
Commerce
• Administration of the Sub-ordinate offices
of the Ministry of Commerce
• Administration of BCS (Trade) Cadre
• Budget
Manpower Position
MOC
Sanctioned
Post
Existing Post
Vacant
% of
Existing Post
241
Attached
Total
Departments
5,469
5,710
205
3,759
3,965
36
1,710
1,745
85.06
68.73
69.44
FTA Wing
Regional Trade Agreements (RTAs) of
Bangladesh
• South Asian Free Trade Area (SAFTA)
• Bay of Bengal Initiative for Multi-Sectoral Technical
and Economic Cooperation (BIMSTEC)
• Asia Pacific Trade Agreement (APTA) [former
Bangkok Agreement]
• D-8 Preferential Trade Agreement
• Trade Preferential System among the members of OIC
(TPS-OIC)
• International and multilateral organizations including
UNCTAD, EC, ITC, UN-ESCAP, WB etc.
Export Wing
• Compliance monitoring
• Export Policy formulation, clarification, etc,. Export
Policy, 2006-09 was published in June, 2007
• Export facilitation- problems & trade disputes
resolution;
• Export target fixation & performance monitoring;
• Selection of CIPs & Export trophy distribution;
• Bilateral Trade Agreement - negotiations & signing;
• Export Promotional activities (fairs, trade missions,
etc.);
• Export diversification & capacity building activities
(Business Promotion Council);
• Monitoring & evaluation of Mission (19) activities
Export Target & achievements from 200102 to 2006-07 (Million US$)
Year
Export Target
Export Earning Target Realized
(%)
Growth over
Previous Year
(%)
2001-02
5950.02
5987.13
100.62
-7.44
2002-03
6405.00
6548.44
102.20
9.39
2003-04
7439.00
7602.99
101.04
16.10
2004-05
8565.78
8654.52
101.02
13.83
2005-06
10159.20
10526.16
103.60
21.63
2006-07
12500.00
12177.86
97.42
15.69
2007-08
14500.0
14111.67
97.32
15.87
IIT Wing
• Policy matters relating to Import.
Import policy, 2006-2009 was
published in May, 2007
 Policy matters relating to Insurance
 Policy matters relating to ICAB &
ICMAB
 Price Management of essential
commodities
Import Expenditures and Export Earnings
in million US $ (2000-01 to 2006-07)
Year
2000-01
Import
8619.07
Export
6457.34
Deficit
- 2161.72
2001-02
8105.37
5987.13
- 2118.24
2002-03
9283.40
6548.44
- 2734.97
2003-04
10810.10
7602.99
- 3207.11
2004-05
12663.24
8654.52
- 4008.72
2005-06
13949.90
10526.16
- 3423.74
2006-07
15971.35
12177.86
-3793.49
2007-08
20862.54
14111.67
-6750.87
World Trade Organization (WTO)
and Bangladesh
• World Trade Organization (WTO) was established in
01 January, 1995 after eight rounds of trade
negotiations;
• Facilitate multilateral trade negotiations, settle trade
disputes, administers trade policies of the member
countries, facilitates the implementation of the WTO
agreements;
• Present WTO Members : 151+1 (including 32 LDCs);
• Bangladesh is the founding member of WTO;
• Lesotho is now the coordinator in the WTO.
WTO Cell
• A WTO Cell was established in the Ministry of
Commerce in October, 2003;
• WTO Cell overseas the current negotiations in the
WTO, liaisons with Geneva Mission and prepares
the country position;
• WTO negotiations remains stalled since July, 2006
and draft modalities on agriculture and NAMA were
published;
• Negotiations are now proceeding intensively with a
view to completing DDA negotiations by March,
2008.
Textile Cell
• Designs strategy to combat post MFA
challenges
• Provides Policy supports towards enhancing
RMG exports
• Monitors and evaluate RMG related export
earnings
• Facilitate RMG exports by helping to reduce
obstacles
• Provides secretarial support services to Social
Compliance Forum in RMG.
Planning Cell
Development Projects under ADP (2006-2007) in ml Tk.
Name
Status
Project
Period
Total
Cost
Allocation
2006-07
Cu.Achv.
Developing Business Services Markets (DBSM)
Programme in Bangladesh
Approv.
Sep’03Jun-08
1109.1
9
272.16
90%
Enhancement of Governance & capacity
building of insurance sector
Approv.
Jan07-Dec
08
72.34
38.20
New
Small Project Facilities
Approv.
Jul’04Dec’07
237.86
55.009
95%
Bangladesh Trade Support Programme
Approv.
Jan’05Dec’08
654.50
220.00
22%
Computerization of the Office of Register Joint
Stock Companies and Firms
Approv.
Apl’05Mar’08
45.22
10.00
85%
Strengthening Accounting and Access in the
Corporate Sector
Approv.
Mar’06Mar’08
253.29
100.5
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Bangladesh Leather Service Center for Export
Development
Approv.
Mar’06Mar’09
107.80 53.102
60%
Quality Support Export Diversification
Programme
Approv.
Jan’06Feb’08
172.20
79.60
37%
Capacity Building of FBCCI
Approv.
Jul06-Jun08
20.00
2.80
90%
Support to BD RMG Sector in the Post MFA Era
Approv.
Jul06-Jun10
80.11
17.00
42%
Important Works Ahead
• Price Monitoring and establishment of a permanent
monitoring cell with 11 officials and staffs
• Achievement of export target;
• Diversification of export considering future vision;
• Consumer Right Protection Ordinance, 2007
• Competition policy
• Insurance Ordinance, 2007
• Insurance Regulatory Authority Ordinance, 2007;
• Duty free and quota free market access
• Pursue for pass the New Partnership Development
Act (NPDA) in US Congress;
• Appropriate role of state in a market economy;
Important Works Ahead
• Ensuring compliance in the RMG sector;
• Preparation for UNCTAD XII session to be held in 2025April, 2008 in Ghana, Acra;
• Participation in the LDC trade ministers’ meeting to be
held in Lesotho in 27-29, February, 2008;
• SAFTA Committee of Expert meeting and SAFTA
Ministerial Council to be held in 2-3 March, 2008 in
New Delhi;
• Up-scaling policy presence of MOC;
• Human resource development of MOC.
Thank
you.