The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) issued a plea to expedite the nation’s export diversification and market expansion by identifying prospective areas.
Speaking at the FBCCI Standing Committee on Export Affairs meeting, which was held at the FBCCI office in Dhaka, FBCCI Senior Vice President Md Amin Helali stressed the importance of prioritising the ability of the capable sectors to engage in the global market.
“Beside the ready-made garments, many industrial sectors are doing well in our country. Initially we need to determine which sectors are ready for export. They should be allowed to enter the international market on a priority basis by making a specific list,” said Helali.
The FBCCI senior vice president called on the committee members to identify and find solutions to the barriers to exporting products to India’s Seven Sisters, China, Sri Lanka, Bhutan, Nepal as well as neighbouring countries and other potential markets.
During the open discussion, the members of the committee suggested taking coordinated steps in government and private initiatives regarding increasing the capacity of ports to increase exports, maintaining stability in cargo air fares, improving the quality of products produced in the country, improving the quality of products according to the needs of different markets, increasing competitiveness, and reducing business costs.
