Project for trade promotion gets extension

The government has extended the tenure of an ongoing project until 2020 for capacity building to promote trade, officials said.
The project titled 'Strengthening Institutional Capacity and Human Resource Development for Trade Promotion' was aimed at promoting the country's trade and export.
The project was earlier scheduled to be complete in March next year.
But the project tenure has been extended as some problems stand in the way of implementing it on time.
Under the project, the government has imparted training to government officials, members of think-tanks and trade bodies and university teachers so that they could help promote the country's trade.
A high official of the ministry of commerce (MoC) who is involved with the project said they have extended the deadline of the project at a meeting on Monday.
Officials from the commerce ministry, ERD (economic relations division) and IMED (implementation, monitoring and evaluation division) attended the meeting.
"The duration of the project has been extended until 2020 in the meeting," deputy director (deputy secretary) Mohammad Mahbubur Rahman Patwary of WTO cell under the MoC told the FE.
So far, they have achieved 34 per cent of the target during the project, he said.
Under the project, he said, government officials, representatives of trade bodies, university teachers and think-tank members will receive training on 41 issues.
Of them, 10 issues are related to e-commerce.
A total of 430 people have received training on 17 trade-related issues to date, he said.
The commerce ministry official said the MoC will complete a terms of reference (study) within the next one month where it will maintain a database with updated trade-related information.
Besides, it will recommend ways to address the issues related to non-tariff barriers facing the exporters.

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