Trade Scenario Between Bangladesh and Malaysia
Trade Agreement between the Government of the People’s Republic of Bangladesh and the Government of Malaysia was signed on 01.12.1977. The Government of the People’s Republic of Bangladesh and The Government of the Malaysia (hereinafter referred to as the "Contracting Parties"); desiring to strengthen and further develop the commercial relations existing between Bangladesh and Malaysia have resolved to conclude an agreement on the basis of equality and mutual benefit for the purpose of facilitating and extending the commercial relations between the two countries and have agreed as follows:
The Contracting Parties undertake to explore all possibilities to increase the volume of trade between the two countries. Commercial transactions within the framework of this Agreement shall be concluded between Bangladesh legal and natural persons and Malaysia Legal and natural persons.
The contracting Parties shall, subject to their respective import, export, foreign exchange and other laws, rules and regulations, endeavor to provide the maximum facilities possible for the purpose of increasing the volume of trade between the two countries.
1. Each Contracting Party shall grant the other most–favored-nation treatment in all matters relating to:-
a) customs duties and charges of any king, including the method of levying such duties and charges, imposed on or in connection with importation or Exportation, or imposition the transfer of payment for imports or exports;
b) rules, formalities and charges connected with customs clearance; and
c) All internal taxes or other internal charges of any kind imposed on or in connection with imported and exported products.
2. Each Contracting Party shall accord the other most-favoured- nation treatment in respect of issuance of import and export licences.
3. Neither Contracting Party shall impose restrictions or prohibitions on the importation
of any products from the territory of the other Contracting Party or on the exportation of any product consigned to the territory of the other Contracting Party, unless such prohibitions or restrictions are applicable to all third countries.
The provisions of the preceding paragraphs of this article shall not apply to advantages, preference or exceptions which either of the Contracting Parties has granted or may grant:-
a) to contiguous and neighboring countries in order to improve frontier traffic;
b) to countries who are members of a Customs union or a free trade zone that either of the Contracting Parties has joined or may join;
c) on the basis of membership in GATT;
d) as a result of participation in multilateral arrangement aiming at economic integration ; and
e) as a result of arrangements made for barter trade with third countries.
All current payments between the two countries shall be effected in freely convertible currency in accordance with the foreign exchange controls in force in each country
The Contracting Parties may from time to time agree by means of protocols, enter into such arrangements as may be necessary to facilitate the movement of goods between the two countries.
For the purpose of promoting trade between the two countries the Contracting Parties shall, on terms and conditions as shall be agreed upon by the competent authorities of both countries, subject to their respective laws, rules and regulations facilitate the participation in trade fairs and the organization of commercial exhibitions by either of the Contracting Parties in the territory of the other.
Legal and natural persons of each contracting Party, then engaged in commercial activities in the territory of the other, shall enjoy most-favoured- nation treatment in respect of protection of such persons and their property, provided that the enjoyment of this treatment shall be subject to the laws, rules and regulations in force in the territory of the other Contracting Party.
The provisions of the present agreement shall not limit the right of either Contracting Party to adopt or execute measures relating to the protection of: -
a) its security; and
b) public health of the prevention of diseases and pests in animals and plants.
Nothing in the present Agreement shall be construed to derogate from any obligations of other Contracting Party under any international convention or agreement entered into before or after the conclusion of the present Agreement.
The provisions of the present Agreement shall continue to govern all commercial transactions concluded, but not fully executed, before the expiry of this Agreement.
In order to facilitate the Implementation of the present Agreement both parties agree to consult each other in respect of any matters arising from or in connection with the operation of the present Agreement .
1. The present Agreement shall be approved in accordance with the respective laws and regulations in force in either country and shall take effect from the date of exchange of Diplomatic Notes and shall remain valid for a period of one year from such date.
2. Upon the expiry of this period, the Agreement shall automatically remain in force for further period of one year, unless either Contracting Party notifies the other in writing of its intention to terminate the Agreement at least ninety days prior to the expiry of each period.
Export and Import Statistics Between Bangladesh and Malaysia ( Value in milliom US$)
Financial Year |
Export |
Import |
Balance(Million US$) |
2009-10 |
61.98 |
1232.08 |
(1170.10) |
2010-11 |
43.87 |
1759.60 |
(1715.73) |
2011-12 |
56.12 |
1406.70 |
(1350.58) |
2012-13 |
100.11 |
1903.10 |
(1802.99) |
2013-14 |
135.65 |
2084.10 |
(1948.45) |
2015-16 |
191.05 |
956.70 |
(765.65) |
2016-17 |
211.52 |
1056.34 |
(844.82) |
2017-18 |
232.42 |
1410.10 |
(1177.68) |
2018-19 |
277.23 |
1496.00 |
(1218.77) |
2019-20 |
236.37 |
1671.30 |
(1434.93) |
2020-21 |
306.57 |
1573.50 |
(1266.93) |
2021-22 |
337.81 |
3471.50 |
(3133.69) |
2022-23 |
371.86 |
3491.70 |
(3119.84) |
2023-24 |
293.5 |
2604.1 |
(2310.6) |
Top 20 Exported Item in Malaysia for the year 2023-2024:
Sl. |
Item Name |
Amount in USD |
1 |
61091000: T-Shirts, Singlets And Other Vests, Of Cotton, Knitted Or Crocheted |
73,025,101.72 |
2 |
62034200: Men'S Or Boys' Bib & Brace Trousers, Breeches, Shorts, Of Cotton |
20,613,805.38 |
3 |
62046200: Women'S Or Girls' Trousers, Breeches, Etc, Of Cotton |
13,332,805.19 |
4 |
61051000: Men'S Or Boys' Shirts Of Cotton, Knitted Or Crocheted |
9,248,452.17 |
5 |
26190000: Slag,Dross,Etc,From The Manufacture Of Iron/Steel (Excl.Granulated Slag) |
8,816,325.17 |
6 |
62052000: Men'S Or Boys' Shirts Of Cotton |
8,322,872.21 |
7 |
20098900: Juice of any other single fruit or vegetable other than Cranberry Juice |
7,813,212.50 |
8 |
61112000: Babies' Garments, Etc, Of Cotton, Knitted Or Crocheted |
7,281,386.34 |
9 |
22021000: Waters (Incl. Mineral And Aerated), With Added Sugar, Sweetener, Etc |
6,830,778.16 |
10 |
61102000: JERSEYS, PULLOVERS, CARDIGANS, WAISTCOATS & SIMILAR ART., KNITTED OR CROCHETED OF COT |
5,944,269.50 |
11 |
61082100: Women'S Or Girls' Briefs And Panties Of Cotton, Knitted Or Crocheted |
5,906,538.37 |
12 |
62121000: Brassisres |
5,297,608.61 |
13 |
61046200: Women'S Or Girls' Trousers, Etc, Of Cotton, Knitted Or Crocheted |
4,118,478.93 |
14 |
19053100: SWEET BISCUITS, TV |
4,031,141.82 |
15 |
61034200: Men'S Or Boys' Trousers, Etc, Of Cotton, Knitted Or Crocheted |
3,514,718.08 |
16 |
20081900: Nuts And Seeds Including Mixtures, Other Than Ground Nuts, Preserved |
3,488,566.58 |
17 |
61103000: JERSEYS,PULLOVERS,CARDIGANS,WAISTCOATS.., KNITTED OR CROCHETED OF MAN-MADE FIBRE |
3,391,862.69 |
18 |
62046900: Women'S/Girl'S Trousers,Breeches,Etc,Of Oth.Tex.,(Exl.Wool,Cotton,Syn.Fib. |
2,944,342.20 |
19 |
19041000: Prepared food obtained by the swelling or roasting of cereals or cereal products |
2,937,707.80 |
20 |
19019020: Dry mixed ingredients of food preparations in bulk imp. by VAT reg. food proc ind. |
2,937,572.21 |
Total Export Amount: 293,511,822 USD