Starting spread business is challenging in Bangladesh

Starting spread business is challenging in Bangladesh

Starting spread business is challenging in Bangladesh. The spread trade in Bangladesh aspects many problems. If you can overcome these problems then you will be successful in Bangladesh.

Here are some main difficulties of spread trade in Bangladesh. A brief explanation of the problem is now assumed below. Therefore, we hope this article will help you to start a spread trade in Bangladesh.

At the first, insufficient exportable goods.

Bangladesh spread trade mainly be contingent on some traditional goods like jute and jute goods, leather, shrimps, garments and other fishes etc. Its exportable items being limited. Government and concerned establishments are emphasizing on traditional items. But the possibility of the same as limited. So both exporters and Government should lengthily work on it and scope must be broadened.

Second, absence of knowledge

Exporters of Bangladesh have little knowledge in taking outside market, convincing foreign buyers and availing fullest opportunities of the world compared to our competitors. Bangladesh forging Ambassadors and that Spread promotion bureau allegedly failed to some extent in providing facilities to exports and help to capture world market. Export trade business is still a hot business for new Bangladesh Entrepreneurs.

Third, lack of principal

Spread trade presupposes procuring goods through purchases or manufacturing. In both the case, huge principal is required which many specialists cannot easily manage. Bank financing sometimes, reportedly found insufficient. As a result, provisions and facilities regarding export finance need to enchant.

Fourth, creation quality and wrapping

The spread in Bangladesh expressions severe struggle. Here not only price but also the quality of product get importance. There is claim as to our products as being poor in superiority and subject to contamination.  Moreover, to attract customers and maintain quality the standing of wadding cannot be over highlighted. In this regard, we are reportedly far back than our competitor.

Fifth, deceitfulness of some exporters

There is an assertion that we have lost some foreign customers due to spread trade of low-quality goods likened to samples sent previous, misuses trust and sending privileged items. In the next, there is also assertion as a weight and dimension corruption done by a few, but general conception goes to the shoulder of all the exporters.

Sixth, Unnecessary administrative control

Red tape and unfavorable government is a common problem in Bangladesh in spread trade. Spread trade is not free from it. Exporters allege that the multifaceted procedures, the demand of speed money by some worried offices and time-consuming procedure dishearten them to go for export business.

Seventh, vehicle and ware covering problem

Vehicle system far from the acceptable stage in spread trade business in Bangladesh. Vehicle cost is higher, there are problems of hartal and strike and lack of vehicles, wagons etc. Ware household services are also insufficient. As the reasons, exporters face problems both to transport and ware housing goods.