When expanding your business to another country, there are a plethora of different factors you have to consider, starting with why you are moving there in the first place. Do you want to capture the local market, harness local talent or some natural resource, take advantage of the local infrastructure or geographic location, or you might simply be looking for affordable labor? These questions and the underlying factors can have significant sway over your expansion decision.

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Bangladesh is strategically located on the world map and has a fast-growing economy. It also houses a massive youth population, providing a large market for your products or services.

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Although a relatively small country geographically, Bangladesh has the eighth largest population in the world (168 million), a GDP of $274 billion, and a thriving export industry for manufactured goods, including textiles, electronics, leather, and jute. However, child labor is unfortunately still very prevalent and contributes to the success of Bangladesh’s economy thus far. Here are some facts about child labor in Bangladesh that depict grave violations of human rights:

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Workers all around the world are protected through the right to form a union, along with promises of equal pay for equal work, regardless of gender. Core labor standards have been set out by the International Labor Organization (ILO) that member states, including Bangladesh, must follow. This is so that workers are given the freedom of association, along with the right to bargain, are protected against any sort of forced labor and child labor, and do not face discrimination in employment.

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Expanding your business to Bangladesh provides you with the opportunity to take advantage of low production costs and gain a massive consumer base owing to the country’s rapidly growing population. Bangladesh is strategically located near India, China, and the ASEAN markets, making further expansion convenient.

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Bangladesh has a population of 168.1 million, which includes a large and inexpensive labor force of about 90 million. Of these, about 60 million work agricultural jobs (that is growing by 1% each year), and about 30 million work non-agricultural jobs (which are growing by six percent a year). When it comes to Employee Rights in Bangladesh, all workers need to follow federal labor laws dictating conditions of employment, working hours, salary, leave policies, and health laws.

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