Export earning target of $67b in FY2022-23 possible despite global crisis: Commerce Minister

BTJ Desk Report
Export earnings fall by 16% in Vietnam in January-June 2023

Commerce Minister Tipu Munshi said the country will achieve the export earning target of $67 billion in 2022-23FY despite the ongoing global economic crisis.

He also said that the government set an export revenue target of $67 billion this fiscal and achieved a 10% growth till November.

He said it while speaking at a press briefing organized ahead of the Dhaka International Trade Fair at Bangladesh-China Friendship Exhibition Centre on Saturday.

The month-long Dhaka International Trade Fair-2023 is set to begin on Sunday at the Bangabandhu Bangladesh-China Friendship Exhibition Centre in the capital’s Purbachal area.

The commerce minister said, “This year the trade fair will have 331 stalls which is 106 more than last year.”

He said, “Our target is to increase exports. According to statistics, our exports are increasing every year. The entire world is in turmoil due to the pandemic and the Russia-Ukraine war. Despite all these setbacks, the good news is that we will not be under any big pressure.”

The minister said, “We were afraid that there would be a lot of pressure on us due to the crisis. But that did not happen. We are still having good growth.”

Tipu Munshi said, “We have to develop the quality of our products so that foreign buyers come and like our products.”

“Our target is to brand our products. The exports of our products from four sectors including jute and leather have crossed the billion-dollar threshold. We are exporting light engineering products to many countries. Our target is to export 10 types of products which will earn a billion dollars each. We expect $4b to $5b in exports from the ICT sector in the next three years,” the minister said.


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