THE EXPORT-IMPORT BANK OF CHINA AND BANGLADESH: A COMPARATIVE OVERVIEW

Abstract

Purpose- China and Bangladesh are among the countries that have Export-Import Bank. EXIM Bank plays an important role in the foreign trade of both countries. The study attempts to review the overall foreign trade situation of these two countries. In order to analyse possible field scenarios the author used a qualitative manner. The prime objective of this paper is to find out similar and different aspects of these two countries' EXIM Bank by performing a comparative study. The most relevant current primary and secondary data were used to achieve this objective. Methodology- The type of study is descriptive and comparative. The author gives a brief overview of the concept of foreign trade at the beginning of the study to indicate the main area of this study. He then conducted a case study of Exim Bank of China and Bangladesh. The author has pedantically reviewed the official websites of China and Bangladesh's EXIM Bank, International publications, Government documents, Bank's annual reports, most relevant websites, etc. in order to form an idea of the current scenario of EXIM Bank in Bangladesh and China and to make a comparative overview of these two Banks. Findings-This study finds that there are more dissimilarities than similarities between these two EXIM Banks. Two major differences between these two banks are; firstly, the EXIM Bank of China is a state-funded, state-owned policy bank that has the status of an independent legal entity and is directly led by the State Council, conversely, the EXIM Bank of Bangladesh is a leading private commercial bank. Secondly, China's EXIM Bank is completely based on a conventional system and contrarily, Bangladesh's EXIM Bank is a fully Islamic Shariah-based bank. There are also other differences between these two banks in terms of mission, vision, assets, credit ratings, corporate social responsibilities, and so on. However, the study finds a few similarities between these two countries' EXIM banks in terms of a specific vision which is both the banks aim to make a contribution to the national economic development. Additionally, both the banks are involved in supporting agriculture, rural areas, and farmer. Conclusion-The study presents a general overview of Foreign Trade and its position in China and Bangladesh. Particularly, this paper makes a comparative overview of the Export-Import Bank of these two countries.

Keywords

• Foreign trade
• export-import bank
• China
• Bangladesh

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