The Bangladesh Republic is a country on the Indian subcontinent, located in the northern part of the Bay of Bengal. The country is almost entirely enclosed in India and bordering Myanmar. It has a population close to 164.7 million inhabitants for an area of 147,570 km² (source: World Bank, 2018).
The Bangladeshi economy is based on massive human resources (8th most densely populated country), and natural resources (fertile agricultural soils and an abundant water supply). In 2017, agriculture represented 13.41% of GDP, employing 37.64% of the total working population. Rice (4th largest producer in the world), tea, jute, corn, sugar cane, tobacco, spices and fruits are the country’s main cultures. The manufacture of paper, leather, fertilizers, metals and pharmaceutical products represents a significant part of the Bangladeshi industry sector, although the majority of the manufacturing sector is based on textile, generating 27.75% of GDP and employing one in five Bangladeshi workers (source: World Bank, 2018).
Trade between France and Bangladesh, despite being largely in deficit for France (€2.2 billion), amounted to €2.4 billion in 2017. The vast modernization programme in Bangladesh offers significant opportunities for the country’s energy, transport, water/sanitation and communications markets (source: France Diplomatie, 2019).
In order to meet the needs of its customers on the Bangladeshi market, Simon Associés has developed privileged relations with economic and legal partners locally.