Last week, the Government of Bangladesh for the 2013-2014 fiscal year, the government formulated the export target of $ 30.5 billion, plans to increase 12.84 percent over the previous year. The export target for the development fully into account the current international market situation, Rana Square thousands of deaths caused by the collapse of the effects of accidents, as well as Bangladesh, the United States terminated the generalized system of preferences.
The current political crisis and the lack of infrastructure, the EU countries is caused by the economic downturn mainly export growth slowed, manufacturing industry has also encountered the same problem, especially power shortages, chronic political instability.
Although Bangladesh exports encountered many challenges, such as: Bangladesh currency appreciation against the dollar, the slow recovery of the EU economy, the export target is still to be honored, however, the need to strengthen the future development of diversified products and markets to promote exports.
Expected Clothing (accounting for 80 per cent of Bangladesh’s exports), agricultural products, leather and leather products, jute and jute products as well as shrimp exports will be able to achieve the export target, the government is also encouraging other sectors to take positive measures to improve exports.
New export plan for the industry formulated detailed export tasks and goals, footwear exports increased 30 percent plan, exports will reach 5.4512 billion U.S. dollars. Bangladesh Export Promotion Bureau will send a trade mission to Latin America, Africa, Russia and South Asian countries to explore new markets. It is understood that Africa, Russia and other countries keen to import Bangladeshi importers track container gantry cranes, leather goods and jute
