During the 59th board meeting of the Bangladesh Foreign Trade Institute, under the Export Promotion Bureau (EPB), key targets were set for the fiscal year 2025. Speaking to reporters, Salehuddin emphasized that the situation had shifted positively, leading to optimism about export income growth.
Salehuddin stated that export earnings are expected to surpass previous figures, supported by favorable conditions in key markets such as the USA. The government plans to publish accurate export data by coordinating input from the EPB, the National Board of Revenue (NBR), and the Bangladesh Bank to reflect a comprehensive view of the country’s trade performance.
He highlighted the importance of diversifying export products and addressing regulatory and tax-related obstacles. The focus will be on promoting a variety of commodities to reduce reliance on a narrow range of exports. On the subject of Generalized System of Preferences (GSP) benefits from the USA, Salehuddin noted that Bangladesh is in ongoing discussions and that the outlook remains positive. The government will continue to engage with the USA to secure favorable trade terms.
Efforts are also underway to increase Foreign Direct Investment (FDI), with the Bangladesh Investment Development Authority (BIDA) set to play a more active role in attracting investments. Salehuddin also addressed market management issues, highlighting government actions to reduce duties on essential items like potatoes. In the banking sector, confidence is being restored through central bank efforts to reorganize bank boards. Additionally, a task force has been established to identify and address money laundering activities, with plans to involve both local and foreign experts as needed.
Lastly, it was confirmed that the Dhaka International Trade Fair (DITF) is scheduled for January 2025, with a focus on promoting local industries and exportable goods.
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