$14.5b export target set for current fiscal
Wednesday, 17 October 2007
FE Report
The government has set the country's export target for fiscal 2007-08 at $14.50 billion, a rise of 19.07 per cent over the previous fiscal.
An inter-ministerial meeting, headed by adviser of the Ministry of Finance and Commerce, AB Mirza Md Azizul Islam, approved the export target Tuesday.
Secretaries of the ministries concerned and leaders of the leading chambers and trade associations, among others, were present at the meeting held in the secretariat.
The country fetched $12.18 billion against the export target of $12.5 billion in fiscal 2006-07.
The government has also set export targets for the Bangladesh embassies abroad.
The meeting also reviewed the export performance of various sectors and that of missions abroad in 2006-07.
Sources said during the meeting the commerce adviser asked the ministries concerned to extend all-out support to the exporters to help achieve the target through diversifying the traditional export baskets.
Fazlul Hoque, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), termed the export target a bit ambitious saying cooperation from the missions abroad can help achieve this target.
"We have already asked our two line ministries - the Ministry of Commerce and the Ministry of Foreign Affairs - to support the exporters in their efforts to increase volume of export," an official who attended the meeting quoted commerce adviser AB Mirza Md Azizul Islam as saying.
The official also said that the finance adviser expressed the government's concern on the performance of the mission officials and asked them to be more accountable and dynamic in discharging their duties and responsibilities considering the economic interest of the country.
When asked, he said state-owned Export Promotion Bureau (EPB), which could not release the export performance for the first three months - July, August and September - due to non-fixation of export target, will be able to make the export performance report public soon.
Sources said the country's overall export during the last three months might have fallen compared to that of the previous year.
However, export target for the country's industrial products has been set at $13.53 billion against $11.34 billion of the previous fiscal.
The government has set the country's export target for fiscal 2007-08 at $14.50 billion, a rise of 19.07 per cent over the previous fiscal.
An inter-ministerial meeting, headed by adviser of the Ministry of Finance and Commerce, AB Mirza Md Azizul Islam, approved the export target Tuesday.
Secretaries of the ministries concerned and leaders of the leading chambers and trade associations, among others, were present at the meeting held in the secretariat.
The country fetched $12.18 billion against the export target of $12.5 billion in fiscal 2006-07.
The government has also set export targets for the Bangladesh embassies abroad.
The meeting also reviewed the export performance of various sectors and that of missions abroad in 2006-07.
Sources said during the meeting the commerce adviser asked the ministries concerned to extend all-out support to the exporters to help achieve the target through diversifying the traditional export baskets.
Fazlul Hoque, president of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), termed the export target a bit ambitious saying cooperation from the missions abroad can help achieve this target.
"We have already asked our two line ministries - the Ministry of Commerce and the Ministry of Foreign Affairs - to support the exporters in their efforts to increase volume of export," an official who attended the meeting quoted commerce adviser AB Mirza Md Azizul Islam as saying.
The official also said that the finance adviser expressed the government's concern on the performance of the mission officials and asked them to be more accountable and dynamic in discharging their duties and responsibilities considering the economic interest of the country.
When asked, he said state-owned Export Promotion Bureau (EPB), which could not release the export performance for the first three months - July, August and September - due to non-fixation of export target, will be able to make the export performance report public soon.
Sources said the country's overall export during the last three months might have fallen compared to that of the previous year.
However, export target for the country's industrial products has been set at $13.53 billion against $11.34 billion of the previous fiscal.