Exports from Bangladesh rose almost 40% in the past seven months, according to the Export Promotion Bureau (EPB) of Bangladesh.
Finance Minister Abul Maal Abdul Muhith told the inauguration ceremony of the 20th United States trade show in Dhaka this month that he would not be surprised if exports reach $20 billion during this fiscal year against the $18.5 billion target and could reach $28 billion.
Exports increased 39.9% to $12.18 billion in the July 2010 to January 2011 period compared with the same months a year earlier.
Leathergoods exports gained 145% to $31.4 million, footwear 50% to $172.6 million and leather 29% to $149 million.
Bangladeshi exporters believe export growth will continue strongly as manufacturers in China face increasing production costs on rising raw material costs and higher wages, and look to produce goods elsewhere. CITATION http://www.chinaleather.org/eng/show.php?itemid=5919
Finance Minister Abul Maal Abdul Muhith told the inauguration ceremony of the 20th United States trade show in Dhaka this month that he would not be surprised if exports reach $20 billion during this fiscal year against the $18.5 billion target and could reach $28 billion.
Exports increased 39.9% to $12.18 billion in the July 2010 to January 2011 period compared with the same months a year earlier.
Leathergoods exports gained 145% to $31.4 million, footwear 50% to $172.6 million and leather 29% to $149 million.
Bangladeshi exporters believe export growth will continue strongly as manufacturers in China face increasing production costs on rising raw material costs and higher wages, and look to produce goods elsewhere. CITATION http://www.chinaleather.org/eng/show.php?itemid=5919
