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Importing to Bangladesh
Bangladesh is seeing a rise in the technological sector due to its ability to create jobs and stimulate industry growth, attracting global competition. Anyone planning on bringing tech equipment into Bangladesh needs an Importer of Record who understands all the regulations to ensure the goods clear through customs.
Tax
up to 25%
Duties
up to 25%
Lead Times
10-11 weeks
Restricted Items
Second-hand goods, Israeli goods
Best Carrier Option
Freight Forwarder
Non-Working Days
Friday, Saturday, and Public Holidays
Prominent Language
Bengali
Importing to and Exporting from Bangladesh
Bangladesh is characterized by relatively low wages, with most of its population living in rural areas. However, being classified as a developing country allows Bangladesh to get governmental treatment where duties have been eliminated on imports from the European Union, Canada, Australia, and Japan. Bangladesh is also part of the South Asian Free Trade Area (SAFTA), which encourages and promotes trade, making trade favorable amongst the rest of Asia.
Bangladesh is an export-heavy country, with most of its exported goods being clothing to the United States, Germany, and the United Kingdom. Its strategic location is also advantageous because it has direct access to the Bay of Bengal, connecting trade across Asia and the Middle East. Navigating customs is, however, challenging due to the country’s strict customs controls and complex economic and political landscape, requiring an Importer of Record to step in for guidance.
Population
175 million
Biggest Industry by Export
Ready made garments
Capital City
Dhaka
Biggest Industry by Import
Petroleum
Specialized Solutions and Services for Bangladesh
TecEx offers both Importer of Record and Exporter of Record services and has over a decade of experience navigating customs in Bangladesh. Understanding the strict customs regulations is challenging, and ensuring that tech companies know about the various embargos is crucial, as Bangladesh has strict restrictions on goods from Israel, for example. Therefore, TecEx is continuously updated on all changes in tariffs and regulations and can assist with them.
TecEx will also handle all documentation specific to Bangladesh, such as the Bangladesh Telecommunication Regulatory Commission (BTRC) and other standardized documents needed for importing. The Delivered Duty Paid solution offered by TecEx also ensures a seamless and worry-free customer experience. TecEx can manage the entire supply chain, taking on all risks and ensuring that all tech goods successfully reach Bangladesh.
Unique Pain Points for Bangladesh
Bangladesh has high tariff rates and duties, which add an extra hurdle when navigating trade. It is essential to be aware of the stringent tariff regulations and keep up to date with all changes. TecEx experts are continuously informed of tariff updates and regulatory changes.
Corruption and poor electricity generation capacity in Bangladesh further hinder people’s attempts to import tech into Bangladesh, discouraging investments. Bangladesh’s political landscape impacts trade due to the political strikes known as Hartals. This hinders trade within the country, making navigating imports into Bangladesh alone frustrating.
Countries that trade with Bangladesh
Europe
Germany
Europe
The United Kingdom (UK)
Specific Compliance Regulations
The Bangladesh Telecommunication Regulatory Commission (BTRC)
The BTRC regulates all telecommunication imports into Bangladesh. When importing any telecommunications, you must adhere to the BTRC, which includes gathering specific permits, adhering to various guidelines, and following different regulations.
Certificate of Origin (COO)
A Certificate of Origin is a document required for imports into Bangladesh, which states where the product was manufactured and what country it is coming from.
Harmonised System Code
A Harmonised System Code is a standard six-digit code used to classify the product being imported.
Insurance Certificate
An insurance certificate is needed for imports into Bangladesh, which proves that there is an existing insurance policy for imported goods.
Bill of Lading
A Bill of Lading serves as a receipt of goods. It, therefore, is a legal document indicating the ownership of the goods.
Your global trade solution for Bangladesh
Fill in the form to contact us, and our experts will contact you with a customs compliance solution tailored to your needs.