BEPZA's contribution to exports up by 19.27pc

FE Team | Published: September 15, 2020 22:09:44

The contribution of Bangladesh Export Processing Zones Authority (BEPZA) to the national export increased in the fiscal year 2019-20, reports BSS.
The operational enterprises of eight EPZs under BEPZA exported goods worth US$ 6.49 billion in the last fiscal, which was 19.27 per cent of the total national export of the country.
BEPZA's share to the national export was 18.56 per cent in the previous fiscal year, said a press release on Tuesday.
The corona pandemic caused disruptions to global trade and business.
Bangladesh has been equally affected by this contagion. The export sector of the country received huge work order cancellations. During the lockdown period of over two months, the economic activities were almost stagnant. As a result, the national export of the country decreased from US$ 40.54 billion to US$ 33.67 billion.
However, the contribution of EPZs to the national export increased compared to the previous year due to some pragmatic and timely steps.
BEPZA tried its best to keep the production uninterrupted maintaining social distance and other health hygiene rules. BEPZA encouraged and supported the factories who desired to produce Personal Protective Equipments (PPE) to meet the needs of the time.
475 operational and 74 under implementation enterprises invested $5.29 billion till June 2020 in the eight EPZs of the country. 466,307 Bangladeshi nationals are producing diversified products of various world famous brands in the EPZs.