Desk Report
Publish: 20 Jul 2022, 05:38 pm
Commerce Minister Tipu Munshi || Photo: Collected
Bangladesh
has set an ambitious export target of $67 billion for goods and services for
the current fiscal year.
This
target, announced by Commerce Minister Tipu Munshi on Wednesday, shows an over
10% growth estate, despite the volatility in the global economy owing to the
Russia-Ukraine war.
The
Minister pegged Bangladesh's export achievements in the past financial year at
$60.08 billion, some 17.80% more than the target of $51 billion. These are,
however, provisional figures.
In
the previous fiscal year, Bangladesh earned $52.08 billion from the export of goods
against the target of $43.5 billion. It shows a 19.73% growth.
"Bangladesh
made a record in the export of both goods and services in the FY22 riding on
raising consumption across the globe," the Minister said.
The
government has set a 15% credit growth target in the current fiscal year.
The
export target is 31.5% of GDP (gross domestic product, that's the monetary
value of final goods and services produced in a country in a given period).
The
government will provide policy support to the private sector to achieve the
export target, the Minister outlined.
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