Personal relationships are important when marketing products in Bangladesh. Many companies identify distributors or local agents to market their products on an exclusive basis. U.S. companies can evaluate potential business partners based on technical capacity, market experience, beneficial commercial terms, and other factors. The Foreign Commercial Service office at the U.S. Embassy in Dhaka offers services to help identify and assess Bangladesh companies as potential business partners.
Many firms service Bangladesh from their regional offices in India, Singapore, and other locations in South or Southeast Asia or the Middle East. As companies become more established in the market, an increasing number choose to open branches or subsidiary offices in Bangladesh.
Consumer goods companies are beginning to establish manufacturing facilities in Bangladesh. In addition, some U.S. companies have begun granting franchise licenses in Bangladesh, including casual restaurants, clothing stores, health spas, and specialty goods enterprises.
Successful companies adapt their products to the demands of the local marketplace. This may include smaller packaging to reduce retail pricing and marketing strategies that appeal to local consumer preferences.