Thursday, February 3, 2011

Country to fetch $2-4b more from EU market: Faruk

New Age | Newspaper


DU Correspondent

Commerce minister Faruk Khan on Saturday said that Bangladesh would earn $10 billion to $12 billion this year by exporting goods to the European Union countries because of the EU’s new liberalised GSP rules.

‘The country’s exports to EU countries increased by 52 per cent to $ 8 billion last year and it is expected to reach between $10 billion and $12 billion this year because of new GSP rules which came into effect on January 01,’ he said at a seminar at the Dhaka University.

Bangladesh Industry and Development Parishad organised the seminar on ‘Ways and Means to turn Bangladesh into an Industrially-rich Country’ at the Senate Bhahan.

Professor Tahmina Akhter chaired the function and chairman of the parliamentary standing committee on the ministry of post and telecommunications Hasanul Haque Inu spoke as a special guest.

BNP standing committee member Hannan Shah, Jatiyatabadi Krishak Dal general secretary Samsuzzaman Dudu, former state minister Golam Sarwar Milion and former president of Bangladesh Knitwear Manufactures and Exporters Association Fazlul Haque spoke on the occasion.

Faruk Khan said country’s exports fetched $10.2 billion in the last six months of the current fiscal and export earning is expected to reach $22 billion, surpassing the target of $18.5 b if the present trend continues.

Hannan Shah said country required skilled manpower and appropriate policies to bolster economic growth.

Inu said the small and medium industry gets no financial support of the government and the financial institutiona.

He said call centre industry is emerging as the second largest industry next to garments industry in the country.   

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