How Bangladesh economy may achieve robust growth

Bangladesh is at an interesting juncture. The economy has seen robust growth in recent years. At this point, it is also imperative to draw up a blue-print for a long-term economic vision. If Bangladesh wants to grow its economy from the current ~$250 billion to $600 billion by 2025, it...

Making Open Account transaction secure

There are four methods in international trade payment against export. Those are: Cash in Advance or prepayment; Open Account; Documentary Collection; and Documentary Letter of Credit (LC).The foreign exchange transaction of Bangladesh for both import and export are generally made through Letter of Credit. The Import & Export Policy, Foreign...