More than one-third of U.S. nonprofits are in jeopardy of closing within two years because of the financial harm inflicted by the viral pandemic, according to a study being released Wednesday by the philanthropy research group Candid and the Center for Disaster Philanthropy.
The study’s findings underscore the perils for nonprofits and charities whose financial needs have escalated over the past year, well in excess of the donations that most have received from individuals and foundations. The researchers analyzed how roughly 300,000 nonprofits would fare under 20 scenarios of varying severity. The worst-case scenario led to the closings of 38% of the nonprofits. Even the scenarios seen as more realistic resulted in closures well into double digit percentages.
Officials of Candid, which includes the philanthropic information resources GuideStar and Foundation Center, and the Center for Disaster Philanthropy, which analyzes charitable giving during crises, said the most dire scenarios could be avoided if donations were to increase substantially — from the government as well as from private contributors.
“If you are a donor who cares about an organization that is rooted in place and relies on revenue from in-person services, now is the time probably to give more,” said Jacob Harold, Candid’s executive vice president.
Among the most vulnerable nonprofits, the study said, are those involved in arts and entertainment, which depend on ticket sales for most of their revenue, cannot significantly their reduce expenses and don’t typically hold much cash.
Other studies have concluded that smaller arts and culture groups, in particular, are at serious risk. Californians for the Arts, for example, surveyed arts and culture nonprofits in the state and found that about 64% had shrunk their workforces. Roughly 25% of them had slashed 90% or more of their staffs. And a report last week from New York State Comptroller Thomas P. DiNapoli found that employment in New York City’s arts, entertainment and recreation sector tumbled 66% during 2020.
“It really has been devastating,” said Kristina Newman-Scott, president of BRIC, a Brooklyn arts institution best-known for its community TV channel and Celebrate Brooklyn! concert series. “We have a lot of empathy for our colleagues and friends in the arts space who, based on their model, see things that are just not going to be the same for them. They will be navigating a very different financial pathway.”
Newman-Scott said BRIC has been helping sustain smaller arts nonprofits and offering artists unrestricted $10,000 grants through its Colene Brown Art Prize.
“We are anxious to get back to in-person events,” she said. “But we want to do it as part of a community. We don’t want to be the only one. We want other organizations that are and have been doing extraordinary work, especially the smaller folks who have it harder because they just don’t have as many resources. We want them to be around us also.”
Harold, the Candid executive, said that while arts and entertainment groups may be at particular risk, nonprofits from all sectors are in danger. According to the study, the District of Columbia was expected to lose the most nonprofits per capita, followed by Vermont and North Dakota.
The most vulnerable nonprofits may try to reduce costs this year by narrowing their focus or by furloughing workers. Some may seek a merger or an acquisition to bolster their financial viability, Harold noted, although doing so would still mean that fewer nonprofits would survive.
“A lot of nonprofit boards were able to say, ‘Oh, this is going to end soon’ and ‘We’re fine for a year,’” Harold said. “But they might not be fine for two years. So if they dragged their feet last year, they may find themselves really having to scramble this year to make the structural changes now.”
The perils that nonprofits face are similar to the economic damage from the pandemic that forced so many restaurants to either close or operate at deep losses over the past year. An estimated 110,000 restaurants — roughly one in six — closed in 2020 and, according to the National Restaurant Association, the pandemic could force 500,000 more to shut down.
President Joe Biden last week ordered the Small Business Administration to prioritize businesses and nonprofits with fewer than 20 employees in the awarding of loans through the Paycheck Protection Program.
“Since the beginning of this pandemic, 400,000 small businesses have closed — 400,000 — and millions more are hanging by a thread,” Biden said. “It’s hurting black, Latino and Asian American communities the hardest.”
Harold said that while the federal government’s focus on small businesses and small nonprofits will help some of them survive, “it’s not going to have a huge impact.”
The Candid/Center for Disaster Philanthropy study found that $20.2 billion was donated to combat COVID-19 in 2020, with 44% of it coming from corporations. It was one of many notable shifts in philanthropy during the pandemic.
“We were definitely seeing more grants for flexible operating expenses and general support,” said Grace Sato, Candid’s director of research. “More grants were explicitly designated for vulnerable communities, communities most impacted by the pandemic.”
The pandemic also made some major foundations recognize how burdensome their grant process has been and finally took steps to simplify it, Harold said.
“One of the dominant emotional dynamics is guilt,” he said. “They finally crossed the threshold. We saw that with hundreds and hundreds of foundations.”
As a vital tea-producing country, Bangladesh has acquired the position of the world’s 10th largest tea grower. In the Bengal region, the tea industry started its journey during the British period. In 1839, the then East India Company commenced the tea trade in the hilly regions of Assam and Sylhet. In the Greater Chittagong, Tea cultivation was initiated in 1840. After several years of research, Commercial cultivation of tea started in 1857 from Sylhet’s Mulnicherra Tea Estate.
Currently, Bangladesh has 167 commercial tea production estates. What is more? The world's many largest working tea plantations are available here. The tea industry of Bangladesh accounts for about 3% of global tea production. Above 4 million people work in this industry and 75% of the tea laborers are women.
Tea is the 2nd major exported crop of the country that accounts for 1% of the national GDP. Currently, this industry is dominated by a handful of Bangladeshi conglomerates, counting M. M. Ispahani Limited, James Finlay Bangladesh, Kazi & Kazi, Transcom Group, Duncan Brothers Bangladesh Limited Orion Group, Abul Khair Group, etc.
The highest tea production in the country was recorded at 63.85 million kilograms in 2012. In Bangladesh, more than 56,846 hectares of land are utilized for tea cultivation, which is a significant improvement from 28,734 hectares of land in back 1947. The government is promoting the small-scale tea producers of Chittagong Hill Tracts and other places of the country to strengthen the tea industry.
At present, Bangladesh has tea gardens in several districts. And, Moulvibazar District occupies the lion’s share of the tea plantations of the country. The other major tea-producing districts of Bangladesh include Habiganj, Sylhet, Chittagong, Rangamati, Panchagarh, Brahmanbaria, etc.
Ispahani Mirzapore tea – owned by Ispahani Tea Ltd. – won the prestigious 'Best Hot Beverage Brand (Tea) Award 2020' for the 6th successive years. Furthermore, this brand acquired the 3rd position in the 'Overall Best Brand' category among the entire local and multinational tea brands in the ceremony Best Brand Award 2020.
Ispahani Mirzapore is the most admired tea brand of Ispahani Tea Ltd. This brand's best-selling products are ‘Mirzapore Best Leaf’ and ‘Mirzapore Double Chamber Tea Bags.’ The mind-blowing aroma and exclusive taste of this beverage have won the hearts of millions of people around the country. Besides the ‘Ispahani Mirzapore Tea’, Ispahani is the owner of two other tea brands, Blender's Choice Premium Tea and Zareen Premium Tea which are also popular in Bangladesh.
Since 1820, the Ispahanis have been involved with the tea industry in South Asia. Ispahani Tea Ltd. owns four tea gardens. Among those, three gardens including Mirzapore, Ghazipore, and Zareen are based in Moulvi Bazar, Sylhet region; while another garden, ‘Neptune’ is located in the Chittagong region. These gardens produce around 4 million kg of teas per year.
Capturing 50% of the national branded tea market, Ispahani Tea Ltd. acquires its position among the top tea trading companies in Bangladesh. What is more? Ispahani is the key player in the domestic tea market of the country, holding about 80% share of the branded tea-bag market.
The Ispahani Mirzapore tea sells at a premium price at the Chittagong Tea Auction. The other Ispahani tea gardens (Ghazipore, Zareen, and Neptune) also constantly claim their positions in the list of the top 10 tea gardens in Bangladesh that achieve the highest auction price.
If you are looking for an internationally-certified organic tea grower, pick the Kazi & Kazi Tea. Their tea garden is located at Tetulia, in Panchagarh – the northernmost district of Bangladesh. This heavenly place is only 50 km away from Darjeeling. This company grows organic teas for both local and overseas markets.
From August 6, 2000, Kazi & Kazi Tea Estate Ltd. started its journey of tea tree plantation by acquiring virgin lands that had never before been utilized for cultivation. Following extensive research as well as the assistance of the Bangladesh Tea Board, this tea trading company grew a large tea garden that produces the finest quality tea. In 2006 this tea trading company entered the local market of Bangladesh with the brand name ‘KK Tea.’
KK Tea is one of the top valued teas in the Chittagong tea auction. This brand produces top-quality organic tea. In the cultivation process, KK applies on-site produced bio-fertilizers and bio-pesticides using natural and organic materials. It grows both Orthodox (loose-leaf tea) and CTC (Crush, tear, curl) organic teas for the local and international markets.
KK Tea is renowned for its herbal tea that preserves the essence of 100% organic ingredients. You can choose herbal tea from diverse flavors including Lemongrass, Ginger, Tulsi, etc. The Black tea is available in several flavors such as Black Tea, First Flush Tea, Bengal Breakfast Tea, etc. The flavors of Green Teas include Jasmine Green tea, Ginger Green Tea, etc.
Besides these, Kazi & Kazi Tea Estate Ltd owns another tea brand called ‘Teatulia’. This international organic tea brand from Bangladesh was founded in 2000. Targeting the overseas markets, this brand produces some special kinds of teas such as Peppermint Tea, White Tea, Oolong tea, Neem Necter Tea, etc. The Teatulia tea is sold in foreign countries, like the USA, UK, Japan, Germany, China, etc. Teatulia is grown at the Teatulia tea garden through natural farming methods.
Fresh Premium Tea is one of the best tea brands in Bangladesh. This brand is owned by Meghna Group of Industries (MGI) – one of the largest prominent conglomerates in Bangladesh.
MGI grows a wide variety of teas for local and overseas consumption. Fresh Premium Tea offers a unique garden-fresh taste with organic flavor, bright liquor, and nice color. The blend is produced from the finest tea leaves that are carefully picked from the finest tea gardens.
If you are a fan of green tea, try the Fresh Premium Green Tea. This special tea is blended from green tender leaves that are cautiously hand-plucked. Enriched with organic mineral composition and antioxidants, this green tea bestows a refreshing taste with a natural aroma.
Fast Moving Consumer Goods (FMCG) refers to the final products, goods, and services that are used for household consumption or private consumption. FMCGs are sold rapidly at comparatively low prices and not applied in the production system of other goods and services. Usually, FMCGs have a limited shelf life. FMCG business has acquired its position among the fastest growing industries in Bangladesh. This industry has huge potential as a high volume business with a low margin. Read this article, to know about the top FMCG companies in Bangladesh.
In Bangladesh, the industry of Fast Moving Consumer Goods (FMCG) is classified into three key categories - Foods and Beverage industry, the Personal Care industry, and Household Care Industries.
Foods and Beverage Industry includes all kinds of food products such as biscuits and bakery, milk and dairy, baby foods, frozen foods, ice cream, tea, tobacco, coffee, soft drinks, health drinks, etc.
Beauty and Personal Care industry include personal care related products such as perfume, cosmetics, hair oil, toiletries products, etc.
Household Care Industry includes the products used for cleaning and decorating homes or offices. This category includes mosquito aerosol, laundry detergent, room sprays, Toilet Cleaner Liquid, Antiseptic Liquids, etc.
Best Milk and Dairy Companies in Bangladesh
‘Milk Vita’ from Bangladesh Milk Producers’ Cooperative Limited, ‘Aarong’ from BRAC Dairy and Food Project, and ‘Pran Milk’ from Pran Dairy Ltd are the leading brands holding 80% share of the pasteurized milk market in Bangladesh. The rest 20% share is held by the other brands such as ‘Aftab Milk’ from Aftab Milk & Milk Products Ltd, ‘Farm Fresh Milk’ from Akij Food and Beverage Ltd, ‘MOO’ from American Dairy Limited, ‘Dairy Fresh’ from Baro Awlia Dairy Milk & Foods Ltd, ‘Ayran’ from Danish Dairy Farm Ltd, etc.
Best Biscuit & Bakery Companies in Bangladesh
The local brands can fulfill about 90- 95% of the domestic demand for Biscuits in Bangladesh and the rest portion is imported from overseas countries. Occupying about 39% market share, Olympic Industries appears as the dominating player in the branded biscuits market of Bangladesh.
The other popular Biscuit and Bakery manufacturing companies include Pran Foods Ltd, Rani Food Industries Ltd, Ifad Multi Products Ltd, Kishwan Snacks Ltd, Haque Food Industries, Danish Foods, Nabisco Bread and Biscuits, Bangas Limited, Al-Amin Bread & Biscuit Industries Ltd, Cocola Food Products Ltd, etc.
Best Frozen Food Companies in Bangladesh
In the segment of processed meat and frozen snacks, Golden Harvest Agro Industries Limited is the pioneer holding 25% of the market. In this line, Lamisa Foods is in the second position with a 15% market share. The other major brands include Brac Chicken, Pran RFL, Kazi farms, CP Bangladesh, Igloo Foods, KFC Bangladesh, Rich Foods, etc.
Best Ice-Cream Brands in Bangladesh
Holding about 36% market share, ‘Igloo’ from Abdul Monem Limited is the most preferred ice-cream brand by the Bangladeshi consumers. ‘Polar’ from Dhaka Ice Cream Industries Limited appears as the second market leader occupying a 26% market share. In this channel, the other major brands are ‘Golden Harvest Ice Cream’ from Golden Harvest Ice Cream Ltd, ‘Bellissimo Creations’ from Bellissimo BD, and ‘Kwality’ from Sanowara Group.
Best Tobacco Companies in Bangladesh
In the tobacco industry of Bangladeshi, the dominating players are British American Tobacco (BATBC), Dhaka Tobacco (under Akij Group), Abul Khair Tobacco, and Nasir Tobacco.
‘Ispahani Mirzapore’ from M.M Ispahani Limited is the most admired tea brand in Bangladeshi. The other pioneering tea brands of the country are ‘Taaza’ from Unilever and ‘Seylon’ from Abul Khair Consumer Goods and ‘Finlay’ tea from The Consolidated Tea and Lands Company Bangladesh.
Best Drinks and Beverages Companies in Bangladesh
‘Mum’ from Partex Beverage Ltd is the market leader in the bottled water segment. ‘Fresh’ from Meghna Group of Industries and ‘Pran’ from Pran Foods holds a significant share in the Bottled Water industry. Besides these, there are some other popular bottled water brands in Bangladesh such as ‘Jibon’ from City Group, ‘Acme’ from The ACME Agrovet & Beverages Ltd, ‘Ifad’ from Ifad Multi Products Ltd, ‘Spa’ from Akij Food & Beverage Ltd, ‘Muskan’ from S.A. Group of Industries, etc.
In the segment of Health Drinks, the market is dominated by ‘Horlicks’ from GSK Bangladesh (Currently owned by Unilever). Besides this, ‘Complan’ from Transcom Beverage, ‘Maltova’ from GSK Bangladesh, ‘Tang’ from Sajeeb Group, are very popular health drink brands in Bangladesh.
Transcom Beverages Ltd (TBL) is the PepsiCo Franchisee for bottling ‘7up’, the most renowned Carbonated Soft drink brand in Bangladesh. TBL also supplies several other popular soft drinks such as Mountain Dew, Pepsi, Mirinda, Slice, 7UP Light, and Pepsi Diet.
‘Pran Frooto’ is the most popular juice in Bangladesh. It is the flagship beverage of Pran RFL Group. This company also produces some other famous juice and carbonated drinks, like, Fazlee, Pran, Cola, Pran Up, Maxx Cola, Tango, Ody, Bulldozer, Power Drink, Colors Drink, PRAN Apple Fizz, etc.
‘Frutika’ by Akij Food & Beverage Ltd is another leading juice brand in the country. This company also produces some other well-known soft drinks like Clemon, Mojo, Aafi, Speed, etc.
‘Mangolee’ is another popular juice made by GSDL (Globe Soft Drinks Limited). Besides this, GSDL & AST Beverage is a franchisee of some well-known soft drinks and energy drinks, including, URO Cola, FizzUp, URO Lemon, Black Horse, Royal Tiger Energy Drinks, etc.
Abul Khair Consumer Goods Division produces Starship Mango Drink, Starship Chocolate Milk, Starship Fruity, Saad Litchi Drink, Shaad Orange Drink, and Marks Chocolate Milk.
‘Shezan’ juice products from Sajeeb Group and ‘Nectar’ juice from BD Thai Food & Beverage Limited (BTFBL) are also popular in Bangladesh.
AM Beverage limited or Abdul Monem Ltd. (AML) is the authorized bottler of several popular soft drinks such as Coca-Cola, Fanta, and Sprite. International Beverages Private Limited is also associated with the production and distribution of Coca-Cola beverages in Bangladesh.
Partex Beverages produces a bunch of popular soft drinks like RC Cola, RC Lemon, RC Orange, RC Zera Pani, etc.
Best Food Ingredients and Snacks Brands in Bangladesh
In the segment of Atta, Maida, and Suzi related food products, ‘Fresh’ owned by Meghna Group is the top market player. The other significant brands are ‘Teer’ by City Group, ‘Pusti’ by TK Group, ‘ACI Pure’ by ACI Limited, ‘Sajeeb’ by Sajeeb Group, ‘Ifad’ by Ifad Multi Products Ltd, ‘Fouzi’ by Sena Kalyan Sangstha, etc.
In the Spice category, the most popular brands are Radhuni, Pran, BD Food, and Arku. Square Food & Beverage produces Spice products under the ‘Radhuni’ brand that holds around 66% of the local market share in Bangladesh. ‘Pran’ spices produced from Pran Foods Ltd occupies about 19% market share, ‘BD Food’ spices from BD Foods Ltd holds around 7% of the market share, ‘Arku’ spices from Arku Group Ltd holds about 3% of the market share.
In the Salt industry of Bangladesh, the chief brands are ‘ACI Pure Salt’ from ACI Limited, ‘Molla Super Salt’ from Molla Super Salt Industry Ltd, ‘Fresh Super Premium Salt’ from Meghna Group, and ‘Confidence Salt’ from Confidence Salt Ltd.
In the sector of Noodles, the most admired brands are ‘Maggi’ from Nestle Bangladesh, ‘Cocola’ from Cocola Food Products Ltd, ‘Mr. Noodles’ from Pran, ‘Doodles’ from New Zealand Dairy, ‘Ifad’ from Ifad Multi Products Ltd, ‘Sajeeb’ from Sajeeb Group, ‘Mama’ from Presidents Foods, ‘Knorr’ from Unilever Bangladesh Ltd, and ‘Chopstick’ from Square Foods.
In Bangladesh, the local companies produce toiletries and perfumes related products under affordable price ranges. These local brands mainly target the niche of the low to middle price market. Almost 95% of the total market share is dominated by seven companies. Those are Unilever Bangladesh Ltd., Keya Cosmetics Ltd., Lily Cosmetics Ltd., Marks & Allys Ltd., Aromatic Cosmetics Ltd., Square Toiletries Ltd., and Kohinoor Chemical Company Ltd.
In the segment of Toilet Soap, Unilever Bangladesh Ltd solely owns about 43% of the local market share. The other three key players including Keya Cosmetics Ltd, Lily Cosmetics Ltd, and Kohinoor Chemical Company Ltd hold around 10% of the market share each.
Unilever Bangladesh Ltd is the leading company in the segment of Fairness Cream, Lotion, Shampoo, and Oran Care products.
In the Mosquito Aerosol category, ‘Xpel’ from Square Toiletries is the top brand in Bangladesh. Among the other popular brands, there are ‘ACI Mosquito Aerosol Spray’ from ACI Limited, ‘Hit’ from Godrej group, and ‘Mortein’ by Reckitt Benckiser Ltd.
In the segment of Laundry Detergent, the most popular brands are Wheel, Surf Excel, and Rin. All of these products are owned by Unilever Bangladesh Limited.
In the Liquid Antiseptic sector, ‘Savlon’ from ACI Limited is the market leader. Then ‘Dettol’ from Reckitt Benckiser Bangladesh Ltd occupies second place in this category.
In the Plastic goods industry, the dominating players are RFL Plastics Limited, Bengal Plastic, and Partex Plastics Limited.
In the sector of Toilet Cleaner Liquids, the key player is ‘Harpic’ by Reckitt Benckiser Bangladesh. Among the other popular Toilet Cleaner brands, there are ‘Clean Master’ by Kohinoor Chemical Company, and ‘Shakti’ by Square Toiletries Ltd.
Asian American households saw the biggest income growth of any racial or ethnic group in the United States over the past decade and a half — almost 8%, according to figures released Thursday by the U.S. Census Bureau.
Household income for Latinos grew by nearly 6% over that time, while households led by non-Hispanic whites and Blacks had comparatively stagnant income growth — 3% and almost 2% respectively — over the past decade and a half.
Nationwide, median household income grew 2.3% from the 2005-2009 period to the 2015-2019 period, according to the latest 5-year American Community Survey.
Economists said a lot of the difference in income growth among racial and ethnic groups has to do with the thriving job markets where Asian American and Latino-led households are concentrated — cities and communities in the West and Southwest.
“As the labor market tightened more in certain areas and in certain fields we would see more robust income growth for those groups,” Ohio State economist Trevon Logan said in an email. “Also, higher concentration in urban areas with larger job growth and increases in minimum wage can also play a role in income gains.”
While income growth has been comparatively flat in a vast majority of U.S. counties, it has been concentrated in a handful of communities, said William Spriggs, an economist at Howard University.
“So, I suspect recent Asian and Latino immigration has been to these high growth areas,” Spriggs said.
Education also played an important role, said Marlene Kim, an economist at the University of Massachusetts Boston. More than 54% of Asian Americans had a bachelor’s degree, the highest of any racial or ethnic group, compared to 32% overall for U.S. residents, according to the 2015-2019 American Community Survey.
By comparison, 35.8% of non-Hispanic whites, 21.6% of Blacks and 16.4% of Latinos had bachelor’s degrees.
“We are in a knowledge economy and a college education is key to getting professional jobs that pay well. Asians have the highest percentage of getting a college degree and I think you are seeing that effect,” Kim said. “Asians are more likely to be in professional and technical jobs, which are thriving and increasing their pay and income level.”
But there are wide differences among Asian Americans — a diverse racial category that include Americans with roots in China, India, the Philippines and other Asian nations. Americans of Indian origin had higher rates of college education than those of Cambodian and Hmong origin, according to a report last year from the Pew Research Center.
By the same measure, location and job markets also played a role in the stagnant income growth for Black-led households, with large numbers geographically clustered in the South, economists said.
“For Black households, we continue to see them struggle for the same reasons. Blacks are over-represented in public employment, which experienced anemic income growth,” Logan said. “Also, Blacks in rural areas, especially in the rural South, are located in places with substantial business losses and weak job growth.”
Discrimination in hiring and promotions also are factors as well as policy decisions, he said.
“For example, we know increasing the minimum wage would close racial income gaps, and Blacks are disproportionately located in states, localities that have not done so,” Logan said.
The concentration of Black high tech workers in places like Atlanta and Washington instead of Silicon Valley or Boston also worked against income gains for Black households, Spriggs said.
“As the economy emerged out of the Great Recession, essentially the key factor in what is being measured, discrimination in the labor market locked higher skilled Black workers out,” he said. “The extremely high level of geographic segregation of the Black IT work force prevents bigger gains from the largest middle-class sector for Black workers.”
National Urban League President and CEO Marc Morial said increasing the minimum hourly wage to $15 would create an income floor from which people could take care of their basic needs, but he added high tech needs to do a better job of hiring Black workers.
“This is the direction that jobs are going in,” Morial said. “There has been a lack of commitment to diversity, and in some cases, discriminatory hiring.”
The five-year American Community Survey measures all sorts of demographic traits about the U.S. in half-decade chunks. But the latest data doesn’t capture the economic upheaval caused by the pandemic in 2020, including how the unemployment rate for Asian Americans shot up from 2.6% to 12% before declining to 6.7% in the past year.
Households led by Asian Americans had a median household income of $88,204 over the five year period covered by the 2015-2019 American Community Survey, the highest of any racial or ethnic group. Asian Americans make up almost 6% of the U.S. population.
Nationwide, the median household income for 2015-2019 was $62,843. The median income for Non-Hispanic white households was $68,785. It was $51,811 for Latino-lead households and $41,935 for Black-lead households.
Speakers at a webinar discussion here underscored the need for bilateral cooperation in agriculture between India and Bangladesh to overcome the existing problems caused by COVID-19.
South Asian Network on Economic Modeling (SANEM) and Asian Confluence jointly organised the discussion meeting titled “Regional Cooperation in Trade and Development of Agriculture: Perspectives from Bangladesh and India.”
Conducted by Dr Selim Raihan, Executive Director of SANEM, the webinar hosted an expert panel discussion as academicians, researchers, journalists, agriculture experts, development practitioners, businessmen and students took part in it.
Dr Selim Raihan, also a professor of Economics department at Dhaka University, hoped that SANEM and Asian Confluence will continue to collaborate in fostering intellectual discussions promoting regional cooperation and trade.
“Farmers in Bangladesh don’t have any expertise on marketing of their products and thus they should be trained in this regard. However, increasing bilateral cooperation and trade in agriculture, political willingness is most important,” he added.
Sabyasachi Dutta, Executive Director of Asian Confluence, India East Asia Center at Shillong in India, described the necessity of cooperation between India and Bangladesh in agricultural sector.
“In the context of the ongoing pandemic, cooperation in agriculture has become all the more important. The effective role of think-tanks in increasing regional cooperation,” Dutta pointed out.
Abdus Salam, Managing Director of Organic Bangladesh Limited, said Bangladesh can gain advantage in export of agricultural products, in competition with other countries through regional cooperation.
“Such collaboration can benefit farmers of both countries, increase regional trade and assist in export earning,” he added.
Dr M Nahid Sattar, Associate Professor of Agricultural Economics department at Bangladesh Agricultural University, said the pandemic has affected income and in turn the consumption of the mass people, which has significantly decreased the sale of agricultural products.
To tackle these problems, he stressed the need for commercial transformation of agriculture and development of market management structure in Bangladesh.