Bangladesh’s exports to India can reach $ 10b

[Joe Shearer]

it is very unlikey that India will remove all the barriers, because BD has many advantages in terms of manufacturing compared to India like lower cost, more open economy, so if India removes all barriers their trade deficit will become more disturbing than it is now``

If you notice, there are Bangladeshi posters who are arguing that they are hampered by a high cost due to higher banking rates. Please inform them that it is a paradox to have lower costs and high bank rates; one or the other must be true.

Interest rate for lending money to do business. Indian banks charge 8% and pvt. indian banks charge around 9-10%...our banks charge 11% and pvt. banks charge from 13-16%. We can't compete with india in india's market hence the huge deficit, again...you don't know what you are talking about, going on and on doesn't make you sound professional.

I suggest that you inform yourself about the reality on the ground. The interest rates are on public record, they are not state secrets. Going on and on make nobody sound professional, least of all those who are unable to ascertain facts, and create their own to serve some emotional needs.

 

[LaBong]

Interest rate for lending money to do business. Indian banks charge 8% and pvt. indian banks charge around 9-10%...our banks charge 11% and pvt. banks charge from 13-16%. We can't compete with india in india's market hence the huge deficit, again...you don't know what you are talking about, going on and on doesn't make you sound professional.

Yes Joe being IIM Calcutta alumni knows sh!t when it comes to business and our alal er ghorer dulal zizzu zidane knows all.

 

[Joe Shearer]

Yes Joe being IIM Calcutta alumni knows sh!t when it comes to business and our alal er ghorer dulal zizzu zidane knows all.

Will I get a lighter sentence if I plead guilty?

 

[scholseys]

Yes Joe being IIM Calcutta alumni knows sh!t when it comes to business and our alal er ghorer dulal zizzu zidane knows all.

This alaler ghorer dulal has graduated from university of Toronto; certainly better than this third world institution, wee man. What I am talking about is from experience and from what I have heard from top Bangladeshi business personals, providing facts of interest rates; which certainly is out of reach of you, wee man.

 

[fallstuff]

India has hoards of non-tariff barriers that stifle import to India.

US exporters face trade barriers from India - Economic Times

http://www.defence.pk/forums/bangladesh-defence/138326-Bangladesh-exports-india-hit-hard-non-tariff-barriers-study.html


If the high commissionar wants to be serious about $10 billion, then he needs to work on these ridiculous non-tariff barriers.

 

[LaBong]

This alaler ghorer dulal has graduated from university of Toronto; certainly better than this third world institution, wee man. What I am talking about is from experience and from what I have heard from top Bangladeshi business personals, providing facts of interest rates; which certainly is out of reach of you, wee man.

Indeed, Ivy league is written all over you!

 

[scholseys]

Indeed, Ivy league is written all over you!

I am a humble bloke. Its out of your reach, wee man

 

[Varunastra]

Dont drink it man. It does not have any lichi to start with. They are all made of chemicals.

thanks for informing me man.............i will give my friends and whoever else i might encounter interested in pran lichi the same thing

Have seen pran commercial on indian channel!

.

yes i have and it truely sucks......ruins my mood whenever i see it

 

[jayron]

This alaler ghorer dulal has graduated from university of Toronto; certainly better than this third world institution, wee man. What I am talking about is from experience and from what I have heard from top Bangladeshi business personals, providing facts of interest rates; which certainly is out of reach of you, wee man.

http://www.topmba.com/mba-rankings/global-200/2011/region/asia
QS Global 200 Business Schools Report - Wikipedia, the free encyclopedia

IIMs are some of the best B schools in the world.

 

[Joe Shearer]

I am a humble bloke. Its out of your reach, wee man

How nice if the University of Toronto had taught humble blokes to consult the Internet and check bank rates for themselves. If a third-world minion might be allowed to help, this may be useful (the idea being that banks don't lend at the rates at which they accept deposits; banks like to make money).

http://http://www.rupeetimes.com/compare/fixed_deposits/state_bank_of_india.html

Since I am engaged in commerce and industry at present, I would be obliged if pundits stop telling me what I am paying, and listen to me instead.

 

[scholseys]

How nice if the University of Toronto had taught humble blokes to consult the Internet and check bank rates for themselves. If a third-world minion might be allowed to help, this may be useful (the idea being that banks don't lend at the rates at which they accept deposits; banks like to make money).

http://http://www.rupeetimes.com/compare/fixed_deposits/state_bank_of_india.html

Since I am engaged in commerce and industry at present, I would be obliged if pundits stop telling me what I am paying, and listen to me instead.

BBC News - India cuts main interest rate to 8% to help lift growth

My man point is whatever you guys are paying, we are paying 3-4% more, our business have to compete with that and 3-4% gives Indian businesses a huge advantage over us. Is it that hard for you to grasp?

 

[Joe Shearer]

India has hoards of non-tariff barriers that stifle import to India.

US exporters face trade barriers from India - Economic Times

http://www.defence.pk/forums/bangladesh-defence/138326-Bangladesh-exports-india-hit-hard-non-tariff-barriers-study.html


If the high commissionar wants to be serious about $10 billion, then he needs to work on these ridiculous non-tariff barriers.

Have you actually read those articles?

In one, the US authorities complain about lack of transparency in tariff schedules and customs duties. These are the identical same ones which refuse to give us the access for services to their market in the teeth of appeals from industry leaders, from Bill Gates downwards.

These procedures apply to everybody; only the US businessman is annoyed at not getting the kind of abject and slavish adherence to his sovereign wishes that he is used to in - what was the wonderful, condescending phrase again? - the third world. Not enough University of Toronto lackeys to cover all their bases, obviously.

In the other, Bangladeshi exporters want to export direct to the underdeveloped north-east and are upset that conditions don't match those in other parts of the country. Their solution - drop all testing requirements.

Are we allowed to excuse ourselves from dumping sub-standard, untested goods by the third world just as much as we restrict such practices by the first world?

BBC News - India cuts main interest rate to 8% to help lift growth

My man point is whatever you guys are paying, we are paying 3-4% more, our business have to compete with that and 3-4% gives Indian businesses a huge advantage over us. Is it that hard for you to grasp?

You should know that the main bank rate referred to is the Reserve Bank lending rate to commercial banks. Commercial banks charge anywhere up to 5% higher, depending on the credit-worthiness of the individual borrower. Is it that hard for you to grasp? Do they teach you nothing at the first-world University of Toronto?

 

[Al-zakir]

so do you mean to say that its disgusting that China goods are only there in most us malls.

Don't make me laugh. Only place China made products dominate are in Walmart, Kmart and dollar stores. US mall dominate with US brands however most of those products made in different country including Bangladesh, India and Pakistan.

 

[Lighting_Fighter]

ya "can" but really!

 

[idune]

This alaler ghorer dulal has graduated from university of Toronto;

khak khak khak...does Univ of Toronto recall its diploma? It ought to think about that.