The Ministry of Commerce in Bangladesh oversees the management and development of both domestic and international trade. The ministry plays a critical role in promoting Bangladesh’s products in global markets, planning strategies to increase exports, and formulating policies for imports, all of which contribute significantly to the country’s economic growth.
Establishment and History
The Ministry of Commerce was established in 1972. Since then, it has been working to transform Bangladesh into a global trade hub. Through international trade agreements, export development, and import control policies, the ministry strengthens the nation’s economic structure and ensures sustainable growth.
Address
Ministry of Commerce
2nd Floor, Building No. 3, Bangladesh Secretariat, Dhaka 1000, Bangladesh.
Number of Officers and Employees
The Ministry of Commerce employs around 1,800 officers and employees who work tirelessly to manage the country’s trade operations and enhance international trade relationships.
Objectives
- Develop International Trade Relations: The ministry focuses on fostering and strengthening trade ties with countries around the world.
- Increase and Promote Exports: It develops strategies to enhance the global presence of Bangladeshi products.
- Formulate Import Control Policies: The ministry creates policies that ensure controlled and necessary imports.
- Maintain a Competitive Position in International Markets: It ensures that Bangladeshi products remain competitive in the global market.
- Support the Growth of Small and Medium Enterprises (SMEs): The ministry plays a crucial role in boosting the SME sector, which is vital for the country’s economic growth.
Departments under the Ministry of Commerce
The Ministry of Commerce operates through nine key departments, each responsible for managing various aspects of domestic and foreign trade in Bangladesh.
1. Export Promotion Bureau (EPB)
- Established: 1977
- Address: Dhaka
- Members: 1,000
- Objective: To increase exports and promote Bangladeshi products in international markets.
- Subordinate Office: Export Development and Planning Division
- Website: www.epb.gov.bd
2. Trading Corporation of Bangladesh (TCB)
- Established: 1972
- Address: Dhaka
- Members: 600
- Objective: To manage government-regulated import and marketing operations.
- Subordinate Office: Marketing and Product Management Division
- Website: www.tcb.gov.bd
3. Directorate of National Consumer Rights Protection
- Established: 2009
- Address: Dhaka
- Members: 450
- Objective: To protect consumer rights and monitor market practices.
- Subordinate Office: Consumer Rights Monitoring Division
- Website: www.dncrp.gov.bd
4. Bangladesh Foreign Trade Institute (BFTI)
- Established: 2006
- Address: Dhaka
- Members: 200
- Objective: To conduct research and formulate policies on international trade.
- Subordinate Office: Research and Development Division
- Website: www.bfti.gov.bd
5. Centre for Policy Dialogue (CPD)
- Established: 1993
- Address: Dhaka
- Members: 150
- Objective: To research trade policies and financial planning.
- Subordinate Office: Policy and Research Division
- Website: www.cpd.org.bd
6. Bangladesh Standards and Testing Institute (BSTI)
- Established: 1956
- Address: Dhaka
- Members: 700
- Objective: To regulate and test product quality standards.
- Subordinate Office: Quality Control and Testing Division
- Website: www.bsti.gov.bd
7. Commerce Banking Services Department
- Established: 1982
- Address: Dhaka
- Members: 300
- Objective: To provide commercial banking services and financial advice.
- Subordinate Office: Financial Services and Consultancy Division
- Website: www.commercebankbd.gov.bd
8. Directorate of Import and Export Control
- Established: 1976
- Address: Dhaka
- Members: 550
- Objective: To control imports and exports and formulate related policies.
- Subordinate Office: Import and Export Monitoring Division
- Website: www.importexportbd.gov.bd
9. Directorate of Trade Relations Development
- Established: 1985
- Address: Dhaka
- Members: 400
- Objective: To facilitate trade relations and manage international trade agreements.
- Subordinate Office: International Trade and Relations Division
- Website: www.crd.gov.bd
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