$ 37b export target likely to be set

The government is likely to set the country’s export target at $ 37 billion for the upcoming fiscal year (FY) 2016-17, officials at the commerce ministry said.
Meanwhile Export Promotion Bureau (EPB) sent the projected target of export target to the commerce ministry which will be an 8.81 per cent or $ 3.50 billion rise over the current fiscal year’s export target of $ 33.50 billion.
EPB sources said commerce ministry will approve the target by June 30.
The proposed target has been set where major export-earning sectors, including ready-made garment and frozen fish.  
The EPB also expected that the country’s total export receipts would reach $ 34.0 billion by the end of this FY, reflecting an 8.95 per cent growth over the previous fiscal.
Senior official of EPB said they proposed the export earnings target for up coming fiscal, considering the last five years’ growth in the merchandise shipments into account.
For the current fiscal year, all 21 major export items, except for frozen fish and plastic, have been projected to grow.
These include knitwear at 6.33 per cent, woven garments 11.69 per cent, leather and leather products 0.93 per cent, medicines 13.54 per cent, jute and jute goods 5.01 per cent and footwear 14.78 per cent.
The EPB proposed $ 14.15 billion and $ 16.18 billion target from knit and woven products exports respectively. It also proposed $ 957 million export target with a growth projection of 4.93 per cent for jute and jute goods sector.
 It expects the sector to end the current fiscal year with $ 912 million earnings. Bangladesh earned $ 31.20 billion in FY 2014-15, $ 30.18 billion in FY 2013-14 and $ 27.02 billion in FY 2012-13 from exports respectively.

$ 37b export target likely to be set

The government is likely to set the countrys export target at $ 37 billion for the upcoming fiscal year (FY) 2016-17, officials at the commerce ministry said. Meanwhile Export Promotion Bureau (EPB) sent the projected target of export target to the commerce ministry which will be an 8.81 per cent or $ 3.50 billion rise over the current fiscal years export target of $ 33.50 billion. EPB sources said commerce ministry will approve the target by June 30. The proposed target has been set where major export-earning sectors, including ready-made garment and frozen fish. The EPB also expected that the countrys total export receipts would reach $ 34.0 billion by the end of this FY, reflecting an 8.95 per cent growth over the previous fiscal. Senior official of EPB said they proposed the export earnings target for up coming fiscal, considering the last five years growth in the merchandise shipments into account. For the current fiscal year, all 21 major export items, except for frozen fish and plastic, have been projected to grow. These include knitwear at 6.33 per cent, woven garments 11.69 per cent, leather and leather products 0.93 per cent, medicines 13.54 per cent, jute and jute goods 5.01 per cent and footwear 14.78 per cent. The EPB proposed $ 14.15 billion and $ 16.18 billion target from knit and woven products exports respectively. It also proposed $ 957 million export target with a growth projection of 4.93 per cent for jute and jute goods sector. It expects the sector to end the current fiscal year with $ 912 million earnings. Bangladesh earned $ 31.20 billion in FY 2014-15, $ 30.18 billion in FY 2013-14 and $ 27.02 billion in FY 2012-13 from exports respectively.