Bangladesh occupies a strategic economic location. Its coastline on the Bay of Bengal opens sea routes into the Arabian Sea and East Africa, the Indian Ocean and Australasia, the Gulf of Thailand, the South China Sea and further east into Asia and the Pacific.
Bangladesh’s Gross Domestic Product of US$460 billion in 2022 ranked it 32nd in the world, with 80% of its export revenue coming from the ready-made garment sector in which it is the world’s second-largest producer after China although being challenged by Vietnam. Low wage costs are a benefit in the labour-intensive industries, and for companies entering sectors where the government is channeling Foreign Direct Investment. These include pharmaceuticals, agricultural technology, the automotive industry, bio-tech and petrochemicals.
These are among the attractions for companies planning to operate in the Bangladesh economy.