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Essay / Wheat Export from Canada to Bangladesh
Table of ContentsSummaryIntroductionProblem IdentificationProduct AnalysisSWOT AnalysisStrengthsWeaknessesOpportunitiesThreatsPestle AnalysisHealth:Education:NGO:CompetitorsConclusionRecommendationSummaryCanada is a good friend of Bangladesh since independence and all kinds of relations and they can work together too , as we have seen, is predicted that this relationship is very important for these two friendly nations for their own prosperity. In this report, explain what problems arise in the export of wheat and analyze this report, product description and the relationship between Bangladesh and Canada. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayCanada produces maximum quantity of wheat. Canada ranks third in wheat production. Canada produces different wheat products. Canada selling wheat to Bangladesh, many competitors are creating process problems, such as W&W Grain Corporation, Supreme Seed Company LTD, these companies are producing wheat in Bangladesh and occupying a place in this market. Through analysis like PESTL we can get information about Bangladesh. the market and possession of products in Bangladesh also cultural differences and political information, furthermore by SWOT analysis of wheat market globally and the weakness and characteristics of the product explain in this report. The economic growth of Bangladesh has a high rete experience. Good relations between two countries, they work together and achieve their vision. At present, production is increasing due to high-quality wheat technology and production tactics. Wheat is the main source of plant protein in the human diet. Canada is the world's leading exporter of durum wheat. Canada is the third largest wheat producing country.IntroductionCanada produces maximum quantity of wheat and Canada also exports wheat to many countries. In this report, I want to explain wheat production and analysis, including the problems faced in exporting wheat from Canada to Bangladesh. Wheat is one of the most important food plants in the world. It is mainly used to produce flour for bread. It is widely used in the production of many other baked goods. Wheat grain is also used in the manufacture of alcoholic beverages and alcohol. Wheat straw is used as animal feed and in the manufacture of carpets, baskets, packaging, bedding and paper. Canada produces many wheat-based items like brads, cakes, cookies, muffins, rolls, vodka, oatmeal, and donuts. Bangladesh imports 3 million tonnes of wheat from different countries (Independent Grain Trade, 2013). Bangladesh is Canada's third largest pulse export market and a major market for wheat and canola. Agricultural products represent approximately 75 percent of Canadian exports to Bangladesh. I found this information about the Canadian wheat business from a sales manager. Identifying Problems Payment method is very important when it comes to international trade. Canada may not share the same tax system as Bangladesh. And Canada needs help and assistance when trading with Bangladesh. There are also international forms of payment that cover such situations, but they must be present in both countries. There are several ways to access one of these payment methods, and with a searchappropriate, you should identify them. Despite the economic success of many Asian countries and the growth of the Asian economy, Bangladesh currently finds itself on the sidelines. Exporters are limited. by Bangladesh's lack of experience with Canada and its lack of exposure to Canadian capabilities. It is very difficult to obtain accurate and up-to-date market information. Although Bangladesh is reducing its key trade barriers to attract more foreign investment, it still struggles with one of the least liberal trade policies in the world. Liberalization of Bangladesh's services sector is badly needed, even though it accounts for the bulk of the country's GDP. Bangladesh's Customs Tariff Commission seeks to promote the interests of domestic industries and increase market access for domestic industries through bilateral, regional and multilateral agreements. However, Bangladesh enjoys more favorable access to developed markets due to its status as a least developed country (LDC). Product Analysis Wheat is a grass widely cultivated for its seeds, a cereal grain of which is a global staple food. Wheat is grown over a larger area than any other food crop (240.4 million hectares, 2014). Wheat is an important source of carbohydrates. It is the main source of plant protein in the human diet. Canada is the world's leading exporter of durum wheat. Canada is the third largest wheat producing country.SWOT AnalysisStrengthsSugarcane and beets: Highest yield of fermentable sugar by high land yield.Lower production cost.Protein scope by product.WeaknessesDirect completion in wheat market human and animal food. Price level directly linked to human and animal food. the costs ; high prices during the food crisis. High volatility in commodity prices. A reduction in production would lead to a shortage in the animal feed market. Sensitive to drought and dry frost in winter. Opportunities Easy to use for biotechnology processes. Rapid implementation and growth of the bioeconomy. Food security is only possible with growing harvest volumes on a global scale. Economic security for the farmer thanks to more choices in selling their stocks. ThreatsUnder strong pressure from the public, NGOs and politicians: claimed impact on food prices and food shortages. Simple and strong populist messages like “No food crops for industry”. During the food crisis: high prices and lack of security of supply for the industry. Uncertain political framework; Very complex European legislation regarding specific food crops.PestleS Analysis - Social and Cultural AnalysisHealth: There was more legislative permanence and environmental standards that needed to be changed and updated. In 1989, a new Ministry of Environment and Forestry was created. Several indicators demonstrate the serious health situation of the population in Bangladesh. Life expectancy is only around 60 years and the government has concluded that only half the population receives basic health care. Education: The education system in Bangladesh is three-tiered and heavily subsidized. There are approximately 38,000 government primary schools and 24,000 non-government schools, totaling approximately 17 to 18 million students. At the tertiary level, there are approximately 13,000 secondary schools and 3,000 middle schools. NGO: Bangladeshi society as a whole seems to be becoming more open to women's empowerment in terms of education, work opportunities and through increased participation in the process.