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Explore new global markets to strengthen the country’s economy : PM

Bangladesh Beyond
  • Updated on Thursday, October 21, 2021
  • 170 Impressed

Explore new global markets to strengthen the country’s economy : PM


DHAKA, Oct 21, 2021 (BSS) –


Prime Minister Sheikh Hasina today stressed
diversification of the exportable products, urging businessmen and officials
concerned to expand production of export items and explore new global markets
to strengthen the country’s economy further through enhanced foreign

   “Product diversification is inevitable to boost our export earnings . . .”
she said while inaugurating the Bangabandhu Bangladesh-China Friendship
Exhibition Center (BBCFEC) at Purbachal as the chief guest.

   Joining virtually from her official residence Ganabhaban, the premier also
underscored the necessity of attaining own efficiency in production to
survive in the competitive economy.

   She said, “Whenever you (businessmen and entrepreneurs) produce a product,
you have to maintain high quality to meet the needs of different countries .
. . Then you can survive in the market.”

   Sheikh Hasina opined all the industries of the country should be prepared
from now on to address the upcoming challenges, saying, “The government will
extend all cooperation, but your (businessmen) own initiatives have to be

   She said product diversification in the country is possible as digital
devices are being produced here. “I think digital devices would be the major
export items in the coming days,” she added.

  Referring to her initiative of setting up 100 economic zones across the
country, she said the government has taken steps to create opportunities for
local or joint investment there.

   She added ready-made garments are being given the highest importance as
huge number of female workers is working in the sector.

   But, at the same time the government is pulling the country ahead
prioritizing other sectors also, she went on saying.

   In addition to readymade garments and knitwear, the premier also urged the
businessmen involved in manufacture and export textile, leather and leather
industries, ceramic products, frozen, fresh and processed fish, vegetables,
fruits, light engineering, furniture, pharmaceutical and pharmaceutical
products and small and cottage industries to explore new markets.

   With Commerce Minister Tipu Munshi in the chair, Export Promotion Bureau
(EPB) Vice Chairman AHM Ahsan delivered the welcome address.

   Chinese Ambassador to Bangladesh Li Jiming and Commerce Secretary Tapan
Kanti Ghosh also spoke at the ceremony at BBCFEC.

   A documentary on the development of Bangladesh and BBCFEC was screened at
the function.

   The exhibition centre will be the permanent venue for different product-
based fairs throughout the year to act as a business hub in the country.

   Export Promotion Bureau (EPB) undertook the BBCFEC Construction Project in
Purbachal New City Project Area with co-financing of Bangladesh and China.

   China State Construction Engineering Corporation (CSCEC) has built the
exhibition centre on 26 acres of land.

   BBCFEC has 33,000 square metres of floor space, including two exhibition
halls covering 15,418 square meters each, which have the facilities to
feature more than 800 stalls.

   The modern exhibition centre has its own water treatment plant, CCTV
control room, WiFi system for internet, a modern fountain, car parking, fire
extinguishing system and remote-controlled entrance gate.


The prime minister said Father of the Nation Bangabandhu Sheikh Mujibur

Rahman had attached importance on private sector.

  Following the footsteps of Bangabandhu, Awami League (AL) government after
assuming office in 1996 opened various sectors for private investment to
develop new entrepreneurs in the country.

   She mentioned her government has established Bangladesh Economic Zones
Authority (BEZA) for industrialization across the country while formed
Bangladesh Investment Development Authority (BIDA) to ease business here by
offering one-stop-service.

   She added during the Covid-19 pandemic in the last one and a half year,
her government has tried to keep the wheel of economy running and as part of
the strategy, a few fairs was organised in limited scale alongside providing
special cash incentives.

   She continued, “The matter of hope is that the export sector has rebounded
very quickly due to the government’s timely incentive packages and policy

   In the fiscal year 2020-21, the export revenue has increased by 14.12
percent compared to the previous financial year amounting to 45.37 billion,
the premier said.

Sheikh Hasina said setting up and removing of pavilion in the temporary trade
fair venue is a money-and-time-consuming matter.

   So, Bangabandhu Bangladesh China Friendship Exhibition Centre (BBCFEC) was
established to provide a better option to the businessmen to showcase their
products, she said.

   “Now, they (businessmen) can organize fair in the BBCFEC round the year,”
the prime minister said.

   On the other hand, BBCFEC becomes an income source of commerce ministry,
she added.

   She said through this exhibition center, it will be possible to organize
export fair and sourcing fair all over the year to enter the international
market with Bangladeshi products.

   The head of the government asked ministry of commerce, EPB, exporters and
business leaders to make the best use of the center by organizing export
fairs, trade fairs, exporters’ conferences, buyer-seller fairs and other
trade promotion activities at BBCFEC.

   She thanked the Government of China and its friendly people for their
financial and technical assistance in the construction of the exhibition

   She also hoped that China will play a role in fulfilling the Chinese
President’s pledge of strategic assistance by enriching exports through
importing more goods and services from Bangladesh.


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