Hartal cuts into business
An
exporter was looking tensed when the opposition party called hartal
last week, protesting the disappearance of one of its key leaders. The
businessman was supposed to send his newly made apparels to a washing
factory in Savar.
The exporter thought he would have got the
clothes washed on April 23. But unfortunately that was a hartal day. So,
he waited. But the next day was again a day of dawn-to-dusk strike.
Another exporter was scheduled to send a container of clothes to Chittagong Port, but he could not do so due to shutdown.
Both
of them faced a common problem -- in transportation. Though Savar is
around 30 kilometres away from Dhaka, no transportation was there to
carry the clothes. So, taking anything to Chittagong Port was
unthinkable.
In both cases, failure to take the products to buyers
on time caused huge losses to the exporters. Many exporters lost a huge
sum of money just because their buyers declined to receive the goods
for delay.
The business community also expressed their concern
seeing how the country's politics is getting self-destructive as the
opposition parties observed five days of hartal in a span of eight days.
“We
are worried…please help keep the wheel of economy moving,” said AK
Azad, president of the Federation of Bangladesh Chambers of Commerce and
Industry, the apex trade body.
Azad said many foreigners who are
in the country, cannot come out of their hotels due to the shutdown. The
country's image is being tarnished, he added.
“Two days of hartal
actually spoils three days as we cannot transport goods before the
hartal day in fear of picketing and looting,” said Anwar ul Alam
Chowdhury, a garment exporter and a former president of Bangladesh
Garment Manufacturers and Exporters Association.
Unlike the
Pakistan regime (1947-71) or that of Ershad (1980s), Bangladesh's
economy now is not limited to a few areas of potentials or threats. Over
40 years of time, Bangladesh's economy has been developed and
diversified to many areas and getting more and more internationalised.
The
country's national budget is likely to be of Tk 160,000 crore in fiscal
2012-13 from Tk 786 crore in 1972-73. The budget size has grown by more
than 20,256 percent in just 40 years. On the other hand, the country's
dependence on foreign aid has decreased to 2-3 percent of the budget
now, from as high as 50 percent in 1970s.
Bangladesh exported
goods, particularly jute, worth a few crores of taka in 1970s, which has
now become a few lakh crores of taka. The country has also been
diversifying its export basket to come out from its excessive reliance
on apparels. Now Bangladesh exports bicycle, ceramics, pharmaceuticals,
frozen fish, leather and leather goods, vegetables, handicrafts and many
more.
Local entrepreneurs continue to find newer markets by
developing newer products. Their relentless efforts paid them off.
Bangladesh bagged nearly $23 billion from exports in fiscal 2010-11.
Such earnings were only $1.67 billion twenty years ago.
International
trade that means export and import constitutes nearly 60 percent of
Bangladesh's present gross domestic product of $110 billion.
The
fate of the businessmen, who take risks and make investments for
exporting finished goods, now depends on the whims of the politicians.
Though the exporters get buyers, they cannot export on time due to
strike, which is unacceptable in most countries.
“Transportation
is the main problem during hartal. A lot of imported containers lie
idle,” said Shamim ul Huq, managing director of Maersk Line, a
subsidiary company of the AP Moller-Maersk Group, which is a leading
liner shipping company in the world.
Ahmedul Karim Chowdhury, deputy director (traffic) of Inland Container Depot at Kamalapur in the capital, also echoed Huq.
On
Monday, the second day of this week's hartal, he said some 1,300
containers were stockpiled at the ICD because of no loading and
unloading by transporters.
Syed Farhaduddin Ahmed, secretary of
Chittagong Port Authority, said they delivered 797 TEUs (twenty-foot
equivalent units) of containers on Monday, down from 1,300-1,500 TEUs on
regular days.