Desk Report
Publish: 12 Jan 2022, 04:19 pm
Representational Image || Photo: Collected
The Cabinet Committee on Economic Affairs (CCEA) today
approved the draft of "Export Policy 2021-2024", setting the US$80
billion export target for FY2024.
The approval came from this year's 1st meeting of the CCEA
held virtually with Finance Minister AHM Mustafa Kamal in the chair.
Briefing reporters virtually after the meeting, Kamal
informed that the existing export target of Bangladesh is $60 billion.
"All exporters will get uniformed facilities under the
export policy. Besides we will provide policy support regarding challenges over
Fourth Industrial Revolution (4IR)," he said.
He mentioned that the government will emphasize recycling, research, and development to achieve the target.
Responding to a question, Kamal said Bangladesh will never
fall into the middle-income trap as its own resources and funds are being used in
the country's development.
Vietnam's economy depends on foreign investments and they
cannot be compared with Bangladesh, he added.
Bangladesh recorded its highest ever single-month export earnings
amounting to $4.91 billion in December last year, thanks to a strong rebound in
demand for apparel in western markets even amid the Omicron spread.
The export receipts surpassed the $3.91 billion target set
for the month, registering more than 48 percent year-on-year growth, according
to provisional data of the Export Promotion Bureau (EPB).
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