Role of Technological Advancement on International Trade of Bangladesh

Ahsanullah University of Science and Technology
Assignment on “Role of Technological Advancement on the International
Trade of Bangladesh”
Submission Date:
07/10/2021
Submitted To:
Mr. Md. Shak Forid
Assistant Professor
School Of Business
Submitted By:
Md Rakib Mia
ID: 170202087
Section: B

Letter of Transmittal:
October 10, 2021
To
Mr. Md. Shak Forid
Assistant Professor
School of Business
Ahsanullah University of Science & Technology.
Subject: An application to provide a final report on the "Role of Technological Advancement in
Bangladesh's International Trade."
Dear Sir,
This is to inform you with profound respect that I have completed the report on “Role of Technological
Advancement on the International Trade of Bangladesh” prepared for the completion of the course,
Export-Import Management. I have strictly maintained the report format instructed by you.
I'd like to express my gratitude to you, my respected professor, for allowing me the honor and
responsibility of writing this report. This has been an incredible learning experience for me. I really hope
that by submitting this report, I will be able to properly complete the course requirements and that it will
meet your expectations.
Please note that this report has been written under your supervision. Under no circumstances will this
report or information in this report be shared or republished without your authorization.
Yours Sincerely,
Rakib mia
-----------------
Md Rakib Mia
School of Business, AUST

Students Declaration:
First of all, I would like to express my gratitude to Allah, the Almighty, for preparing this report.
In this Report, I have put in a lot of work. It would not have been feasible without the generous
support and assistance of a number of websites and individuals.
Mr. Md. Shak Forid, Assistant Professor in the School of Business, Ahsanullah University of
Science and Technology, for his advice, insightful and intelligent remarks, and suggestions, I am
really grateful. I owe him a debt of gratitude for providing me with helpful advice.
Finally, I want to express my heartfelt appreciation to my senior and other classmates who
worked tirelessly on this report, which was clearly required.
Despite my best efforts, the report may have some gaps. Please accept my deepest apologies for
any unintentional errors.

Summary:
This research focuses on the relationship between technical innovation and international trade.
International trade refers to the export and purchase of goods and services between nations in
order to meet the requirements of their populations. In a variety of ways, advanced technologies
have an influence on international trade. They speed up all operations necessary for international
trade and facilitate trade between nations that have and do not have such technology. They also
facilitate worldwide communication and encourage changes in international business, assisting in
the establishment of global manufacturing networks. A trade gravity model is used to investigate
the influence of technical factors on sectoral exports. Today, Bangladesh's international trade
exceeds USD 80 billion. The Bangladesh government spends about USD 70 billion, with up to
USD 20 billion going toward development and technology purchase. If we want to get into the
exclusive club, both government procurement and private business must be accelerators of
technology and innovation.