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Bangladesh: Export policy order from 2021 to 2024 approved

By ROHIT DHAKORIYA 2022-03-30 15:10:50
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Bangladesh: Export policy order from 2021 to 2024 approved


The cabinet yesterday approved the draft Export Policy 2021-2024 with the aim to almost double Bangladesh's export earnings to $80 billion from $45 billion within the period by facilitating shipments of diversified, non-traditional goods and labour based products. 


The policy prepared for three years also aims to bolster the shipment of high-value products by ensuring standards and compliance as well as encouraging modern, sustainable and green technologies, according to the draft policy prepared by the commerce ministry.


"The policy was prepared to cope with the upcoming challenges that will emerge after the country's graduation from the least developed country category," said Cabinet Secretary Khandker Anwarul Islam during a media briefing after the cabinet meeting.


He said the policy has given emphasis on product diversification, identification of priority products, expansion of export industries, and making trade and investment easier to boost exports.

Special importance was also given to devise the strategy for the 4th Industrial Revolution, economic diplomacy to expand markets, and bring dynamism in exports.

The draft policy gives priority to the ICT and services sectors, e-commerce, e-governance, and women as well as small entrepreneurs engaged in export-oriented industries.

To attain the goal, the draft said steps will be taken to identify areas of cooperation among government chambers and related agencies.

Specific, time-bound plans will be taken to achieve the targets, it added.

In addition, commercial missions abroad will be tasked with branding products made in Bangladesh. They will be given specific export targets and their performances will be evaluated, the draft policy said.


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