Trading Corporation of Bangladesh - Revision history

Mukbil at 11:57, 20 October 2023

2023-10-20T11:57:52Z

← Older revision		Revision as of 11:57, 20 October 2023
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	'''Trading Corporation of Bangladesh''' (TCB) an autonomous state trading ~~organisation~~ under the Ministry of Commerce. After liberation in ~~December~~ 1971, Bangladesh inherited a devastated economy, a disrupted system of communication, and damaged ports. This necessitated urgent import of essential consumer goods and industrial raw materials. In this ~~background~~, TCB was ~~created~~ in 1972 by the Presidential Order No 68. To start with, it took over all the assets, liabilities and manpower ~~of then~~ of the Trading Corporation of Pakistan. TCB's main functions ~~are~~: to import commodities according to the requirements of the government; to distribute the imported commodities at fair prices to keep the market stable; to create overseas markets for traditional and non-traditional products of Bangladesh and export those products; to keep a watch on the supply and price situation of the essential goods; and to engage in trading and related activities as directed by the government.		'''Trading Corporation of Bangladesh''' (TCB) an autonomous state-owned trading enterprise under the Ministry of Commerce. After the liberation of the country in 1971, Bangladesh inherited a devastated economy, disrupted system of communication, and damaged ports. This necessitated urgent import of essential consumer goods and industrial raw materials. In this backdrop, TCB was established in 1972 by the Presidential Order No 68. To start with, it took over all the assets, liabilities and manpower of the defunct Trading Corporation of Pakistan. TCB's main functions at that time were: to import commodities according to the requirements of the government; to distribute the imported commodities at fair prices to keep the market stable; to create overseas markets for traditional and non-traditional products of Bangladesh and export those products; to keep a watch on the supply and price situation of the essential goods; and to engage in trading and related activities as directed by the government. However, the export function was later rescinded.

	TCB is run by a board composed of the chairman (the chief executive) and three directors. In 1996, the government approved for it a new structure with a manpower of 714 as against the earlier manpower of 1,336. It has four departments: administration, finance, trading and ~~sale~~/distribution, movement of goods ~~and~~ clearing/forwarding and storage. TCB secretary heads the administration while the directors head the other departments. TCB head office is located at ~~Tejgaon in~~ Dhaka. It has regional offices at Dhaka, ~~Chittgong~~, Khulna ~~and~~ Rajshahi and ~~a branch office at Barisal~~. Owing to the operation of ~~the~~ open market policy since the 1990s, the scope of TCB's state trading has greatly ~~been~~ squeezed ~~reducing~~ its manpower ~~and the number of its offices~~.		TCB is run by a board composed of the chairman (the chief executive) and three directors. In 1996, the government approved for it a new structure with manpower of 714, as against the earlier manpower of 1,336. As of 2018-19, the sanctioned manpower was 275. Broadly, it has four departments: administration; finance; trading and sales/distribution; movement of goods, clearing/forwarding and storage. TCB secretary heads the administration while the directors head the other departments. TCB head office is located at Karwan Bazaar of Dhaka. It has regional offices at Dhaka, Chattogram, Khulna, Rajshahi, Sylhet, Barishal and Rangpur. Owing to the operation of open market policy since the 1990s, the scope of TCB's state-level trading has been greatly squeezed leading to reduction of its manpower.

	Since its inception TCB has been playing an important role in rehabilitation and development of the country's economy, industry and commerce. In 1972-73, it imported 63 commodities including cement, milk food, textiles, yarn, sugar, corrugated iron sheets, vehicles, pig iron, oil seeds, medicines, coconut oil, tyres, tubes and bicycles. That year TCB's share of the total imports was 24.84%. Under open market policy its imports were greatly reduced and ~~at present,~~ its share of imports came down to a mere 0.3%. Its present imports are limited to salt, explosives and ~~timber~~.		Since its inception, TCB has been playing an important role in rehabilitation and development of the country's economy, industry and commerce. In 1972-73, it imported 63 commodities including cement, milk food, textiles, yarn, sugar, corrugated iron sheets, vehicles, pig iron, oil seeds, medicines, coconut oil, tyres, tubes and bicycles. That year, TCB's share of the total imports was 24.84%. Under open market policy, its imports were greatly reduced and its share of imports came down to a mere 0.3%. Its present imports are limited to salt, explosives, timber, dates, sugar, onion, lentil, soybean oil and gram.

	At times of ~~crisis in imports~~, TCB often acted as the ~~savior~~. In emergencies it imports onion, ~~lentils~~, salt, dry ~~chilies~~, dates, ginger and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Tk 19,923.7 million. In order to mitigate the sufferings of the low income people due to ~~recent high~~ rise of commodity ~~price~~, ~~the government imported~~ four essential commodities ~~such as~~ sugar, ~~soyabin~~ oil, lentil and gram and ~~distributed them~~ through ~~2000~~ dealers all of the country. Imported commodities are distributed through its appointed dealers, agents, ~~its sale~~ centres and licensed persons or organisations.		During times of crises, TCB has often acted as the saviour through imports. In emergencies, it imports onion, lentil, salt, dry chillies, dates, ginger, and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Taka 19,923.7 million. Commodities worth Taka 1701.82 million were imported during the period 2015-19. In order to mitigate the sufferings of the low income people due to rise of commodity prices, TCB imports four essential commodities, viz. sugar, soybean oil, lentil and gram and distributes/sells those through 2849 dealers all over the country. Imported commodities are distributed through its appointed dealers, agents, sales centres, and licensed persons or organisations. During 2018-19, TCB sold 2,960.186 metric tons of sugar, 1,666.024 metric tons of lentil, 2,197.147 metric tons of soybean oil, 100 metric tons of dates, and 2,590.750 metric tons of gram among the low-income people across the country under its open market sales programme.

	In addition to ~~importing~~ TCB also ~~doing~~ export trading. ~~Since~~ 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange about Tk 153.09 million. ~~TCB exports~~ jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, ~~handicraft~~ and fine rice. It initiated export of Bangladeshi readymade garments in 1975-76. ~~In due course it became a major foreign exchange earner for the country. It~~ participated in many international export fairs and exhibitions and earned prizes and awards. [Anupam Hayat]		In addition to imports, TCB also undertook export trading in the past. From 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange of about Taka 153.09 million. It then exported jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, handicrafts, and fine rice. It also initiated the export of Bangladeshi readymade garments for the first time in 1975-76. TCB has participated in many international export fairs and exhibitions, and also earned prizes and awards. [Anupam Hayat]

	[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]		[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]

Nasirkhan at 20:33, 13 October 2023

2023-10-13T20:33:42Z

← Older revision		Revision as of 20:33, 13 October 2023
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	At times of crisis in imports, TCB often acted as the savior. In emergencies it imports onion, lentils, salt, dry chilies, dates, ginger and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Tk 19,923.7 million. In order to mitigate the sufferings of the low income people due to recent high rise of commodity price, the government imported four essential commodities such as sugar, soyabin oil, lentil and gram and distributed them through 2000 dealers all of the country. Imported commodities are distributed through its appointed dealers, agents, its sale centres and licensed persons or organisations.		At times of crisis in imports, TCB often acted as the savior. In emergencies it imports onion, lentils, salt, dry chilies, dates, ginger and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Tk 19,923.7 million. In order to mitigate the sufferings of the low income people due to recent high rise of commodity price, the government imported four essential commodities such as sugar, soyabin oil, lentil and gram and distributed them through 2000 dealers all of the country. Imported commodities are distributed through its appointed dealers, agents, its sale centres and licensed persons or organisations.

	In addition to importing TCB also doing export trading. Since 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange about Tk 153.09 million. TCB exports jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, handicraft and fine rice. It initiated export of Bangladeshi readymade garments in 1975-76. In due course it became a major foreign exchange earner for the country. It participated in many international export fairs and exhibitions and earned prizes and awards. [Anupam Hayat]		In addition to importing TCB also doing export trading. Since 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange about Tk 153.09 million. TCB exports jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, handicraft and fine rice. It initiated export of Bangladeshi readymade garments in 1975-76. In due course it became a major foreign exchange earner for the country. It participated in many international export fairs and exhibitions and earned prizes and awards. [Anupam Hayat]

	[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]		[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]

Mukbil at 04:36, 11 July 2021

2021-07-11T04:36:24Z

← Older revision		Revision as of 04:36, 11 July 2021
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	'''Trading Corporation of Bangladesh''' (TCB) an autonomous state trading organisation under the Ministry of Commerce. After liberation in December 1971, Bangladesh inherited a devastated economy, a disrupted system of communication, and damaged ports. This necessitated urgent import of essential consumer goods and industrial raw materials. In this background, TCB was created in 1972 by the Presidential Order No 68. To start with, it took over all the assets, liabilities and manpower of then of the Trading Corporation of Pakistan. TCB';s main functions are: to import commodities according to the requirements of the government; to distribute the imported commodities at fair prices to keep the market stable; to create overseas markets for traditional and non-traditional products of Bangladesh and export those products; to keep a watch on the supply and price situation of the essential goods; and to engage in trading and related activities as directed by the government.		'''Trading Corporation of Bangladesh''' (TCB) an autonomous state trading organisation under the Ministry of Commerce. After liberation in December 1971, Bangladesh inherited a devastated economy, a disrupted system of communication, and damaged ports. This necessitated urgent import of essential consumer goods and industrial raw materials. In this background, TCB was created in 1972 by the Presidential Order No 68. To start with, it took over all the assets, liabilities and manpower of then of the Trading Corporation of Pakistan. TCB's main functions are: to import commodities according to the requirements of the government; to distribute the imported commodities at fair prices to keep the market stable; to create overseas markets for traditional and non-traditional products of Bangladesh and export those products; to keep a watch on the supply and price situation of the essential goods; and to engage in trading and related activities as directed by the government.

	TCB is run by a board composed of the chairman (the chief executive) and three directors. In 1996, the government approved for it a new structure with a manpower of 714 as against the earlier manpower of 1,336. It has four departments: administration, finance, trading and sale/distribution, movement of goods and clearing/forwarding and storage. TCB secretary heads the administration while the directors head the other departments. TCB head office is located at Tejgaon in Dhaka. It has regional offices at Dhaka, Chittgong, Khulna and Rajshahi and a branch office at Barisal. Owing to the operation of the open market policy since the 1990s, the scope of TCB';s state trading has greatly been squeezed reducing its manpower and the number of its offices.		TCB is run by a board composed of the chairman (the chief executive) and three directors. In 1996, the government approved for it a new structure with a manpower of 714 as against the earlier manpower of 1,336. It has four departments: administration, finance, trading and sale/distribution, movement of goods and clearing/forwarding and storage. TCB secretary heads the administration while the directors head the other departments. TCB head office is located at Tejgaon in Dhaka. It has regional offices at Dhaka, Chittgong, Khulna and Rajshahi and a branch office at Barisal. Owing to the operation of the open market policy since the 1990s, the scope of TCB's state trading has greatly been squeezed reducing its manpower and the number of its offices.

	Since its inception TCB has been playing an important role in rehabilitation and development of the country';s economy, industry and commerce. In 1972-73, it imported 63 commodities including cement, milk food, textiles, yarn, sugar, corrugated iron sheets, vehicles, pig iron, oil seeds, medicines, coconut oil, tyres, tubes and bicycles. That year TCB';s share of the total imports was 24.84%. Under open market policy its imports were greatly reduced and at present, its share of imports came down to a mere 0.3%. Its present imports are limited to salt, explosives and timber.		Since its inception TCB has been playing an important role in rehabilitation and development of the country's economy, industry and commerce. In 1972-73, it imported 63 commodities including cement, milk food, textiles, yarn, sugar, corrugated iron sheets, vehicles, pig iron, oil seeds, medicines, coconut oil, tyres, tubes and bicycles. That year TCB's share of the total imports was 24.84%. Under open market policy its imports were greatly reduced and at present, its share of imports came down to a mere 0.3%. Its present imports are limited to salt, explosives and timber.

	At times of crisis in imports, TCB often acted as the savior. In emergencies it imports onion, lentils, salt, dry chilies, dates, ginger and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Tk 19,923.7 million. In order to mitigate the sufferings of the low income people due to recent high rise of commodity price, the government imported four essential commodities such as sugar, soyabin oil, lentil and gram and distributed them through 2000 dealers all of the country. Imported commodities are distributed through its appointed dealers, agents, its sale centres and licensed persons or organisations.		At times of crisis in imports, TCB often acted as the savior. In emergencies it imports onion, lentils, salt, dry chilies, dates, ginger and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Tk 19,923.7 million. In order to mitigate the sufferings of the low income people due to recent high rise of commodity price, the government imported four essential commodities such as sugar, soyabin oil, lentil and gram and distributed them through 2000 dealers all of the country. Imported commodities are distributed through its appointed dealers, agents, its sale centres and licensed persons or organisations.

	In addition to importing TCB also doing export trading. Since 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange about Tk 153.09 million. TCB exports jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, handicraft and fine rice. It initiated export of Bangladeshi readymade garments in 1975-76. In due course it became a major foreign exchange earner for the country. It participated in many international export fairs and exhibitions and earned prizes and awards. [Anupam Hayat~~] [Hayat, Anupam former Public Information Officer, Trading Corporation of Bangladesh~~]		In addition to importing TCB also doing export trading. Since 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange about Tk 153.09 million. TCB exports jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, handicraft and fine rice. It initiated export of Bangladeshi readymade garments in 1975-76. In due course it became a major foreign exchange earner for the country. It participated in many international export fairs and exhibitions and earned prizes and awards. [Anupam Hayat]

	[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]		[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]

0:0:0:0:0:0:0:1: Content Updated.

2021-06-17T19:38:54Z

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'''Trading Corporation of Bangladesh''' (TCB) an autonomous state trading organisation under the Ministry of Commerce. After liberation in December 1971, Bangladesh inherited a devastated economy, a disrupted system of communication, and damaged ports. This necessitated urgent import of essential consumer goods and industrial raw materials. In this background, TCB was created in 1972 by the Presidential Order No 68. To start with, it took over all the assets, liabilities and manpower of then of the Trading Corporation of Pakistan. TCB';s main functions are: to import commodities according to the requirements of the government; to distribute the imported commodities at fair prices to keep the market stable; to create overseas markets for traditional and non-traditional products of Bangladesh and export those products; to keep a watch on the supply and price situation of the essential goods; and to engage in trading and related activities as directed by the government.

TCB is run by a board composed of the chairman (the chief executive) and three directors. In 1996, the government approved for it a new structure with a manpower of 714 as against the earlier manpower of 1,336. It has four departments: administration, finance, trading and sale/distribution, movement of goods and clearing/forwarding and storage. TCB secretary heads the administration while the directors head the other departments. TCB head office is located at Tejgaon in Dhaka. It has regional offices at Dhaka, Chittgong, Khulna and Rajshahi and a branch office at Barisal. Owing to the operation of the open market policy since the 1990s, the scope of TCB';s state trading has greatly been squeezed reducing its manpower and the number of its offices.

Since its inception TCB has been playing an important role in rehabilitation and development of the country';s economy, industry and commerce. In 1972-73, it imported 63 commodities including cement, milk food, textiles, yarn, sugar, corrugated iron sheets, vehicles, pig iron, oil seeds, medicines, coconut oil, tyres, tubes and bicycles. That year TCB';s share of the total imports was 24.84%. Under open market policy its imports were greatly reduced and at present, its share of imports came down to a mere 0.3%. Its present imports are limited to salt, explosives and timber.

At times of crisis in imports, TCB often acted as the savior. In emergencies it imports onion, lentils, salt, dry chilies, dates, ginger and medicines. During the period from July 1972 to June 1998, TCB imported goods worth Tk 19,923.7 million. In order to mitigate the sufferings of the low income people due to recent high rise of commodity price, the government imported four essential commodities such as sugar, soyabin oil, lentil and gram and distributed them through 2000 dealers all of the country. Imported commodities are distributed through its appointed dealers, agents, its sale centres and licensed persons or organisations.

In addition to importing TCB also doing export trading. Since 1972 to 30 June 1998, TCB exported different commodities and earned foreign exchange about Tk 153.09 million. TCB exports jute, jute goods, molasses, tea, hides and skins, leather goods, readymade garments, urea, frozen fish, handicraft and fine rice. It initiated export of Bangladeshi readymade garments in 1975-76. In due course it became a major foreign exchange earner for the country. It participated in many international export fairs and exhibitions and earned prizes and awards. [Anupam Hayat] [Hayat, Anupam former Public Information Officer, Trading Corporation of Bangladesh]

[[bn:ট্রেডিং কর্পোরেশন অব বাংলাদেশ]]