\nBhutan, India and Nepal while the BCIM corridor will link Bangladesh, China,
\nIndia and Myanmar to expand their trade and businesses, she added.bss
![\"\"](\"http:\/\/deshmediabd.info\/wp-content\/uploads\/2020\/01\/17.jpg\")
<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Minister Sheikh Hasina today inaugurated
\nthe 25th Dhaka International Trade Fair (DITF), announcing the \u201cLight
\nEngineering\u201d as the \u201cProduct of the Year\u201d for 2020.<\/p>\n
\u201cAs a part of export policy, we are declaring \u201cLight Engineering\u201d as the
\nproduct of 2020 aimed at encouraging the product based export while we are
\ncalling for more investment,\u201d she said.<\/p>\n
The premier said this while opening the month-long DITF-2020 jointly
\norganised by Commerce Ministry and Export Promotion Bureau at Bangabandhu
\nInternational Conference Centre (BICC) here.<\/p>\n
She simultaneously stressed the need for taking appropriate measures to
\nstrengthen the light engineering sector and help explore its export
\npotential.<\/p>\n
The prime minister said that the light engineering products such as
\nbicycle, motorcycle, automobile, auto-parts, electric and electronics,
\naccumulator battery, solar photovoltaic module and toys have the potential of
\nattracting more investment.<\/p>\n
She said importance were earlier given on leather and leather goods,
\njute and jute goods and other products, adding, \u201cBut, this year we are giving
\nimportance on the light engineering as it has also huge potential of
\nattracting investment.\u201d<\/p>\n
The premier opened the trade fair by cutting ribbon to formally begin it on
\naround 26 acres of land at Sher-e-Bangla Nagar in the city.<\/p>\n
She later visited different stalls and pavilion including the \u201cBangabandhu
\nPavilion\u201d installed at the venue for presenting the life and works of Father
\nof the Nation Bangabandhu Sheikh Mujibur Rahman marking the celebration of
\nBangabandhu\u2019s birth centenary.<\/p>\n
Commerce Minister Tipu Munshi, Chairman of the Parliamentary Standing
\nCommittee on Commerce Ministry Tofail Ahmed, Secretary of the ministry Dr Md
\nJafar Uddin, Federation of Bangladesh Chambers of Commerce and Industry
\n(FBCCI) President Sheikh Fazle Fahim and Vice Chairman of Export Processing
\nBureau (EPB), Fatima Yasmin, spoke on the occasion.<\/p>\n
Around 483 stalls and pavilions, including premium, foreign and mini
\nforeign pavilions, have been set up in the fair venue.<\/p>\n
The fair will be open to visitors from 10:00am to 9:30pm. The entry fee for
\nadults is Tk 40 and Tk 20 for minors.<\/p>\n
Traders from over 21 countries, including India, Bhutan, Pakistan, China,
\nthe United States, the United Kingdom, Nepal, Japan, Australia, Germany, Hong
\nKong and Arab Emirates are taking part in the fair.<\/p>\n
Sheikh Hasina stressed the need for stopping dependency on one or two
\nproducts for export and said, \u201cWe are giving special focus on producing much
\nmore products considering the demand of the local and neighbouring countries\u2019
\nmarket to increase number of export items.\u201d<\/p>\n
Describing leather and leather goods, products of shoe industries, light
\nengineering and plastic as the four highly potential sectors for boosting
\nexport, the premier said she believed that the commerce ministry\u2019s project
\n\u2018Export Competitiveness for Jobs\u2019 will create scope for the sectors to
\nincrease export.<\/p>\n
She said her government has been attaching special priorities to the four
\nsectors alongside the Information Communication Technology (ICT).<\/p>\n
In this perspective, the prime minister put stress on ICT, saying that the
\nICT sector would much contribute to Bangladesh\u2019s economy if the digital
\ndevices are produced largely as the world now depends on technology.<\/p>\n
She added: \u201cI believe ICT will be the largest sector for us in the future
\nand we will be able to earn huge foreign currency by exporting its products.
\nSo, we have taken measures such as imparting training, setting high tech
\nparks, and creating manpower to give the sector a strong footing.\u201d<\/p>\n
She called for more local and foreign investment in jute and jute products
\ndescribing it as environment friendly as the people are now attaching
\npriority to protecting the environment while the world is now facing the
\nimpact of climate change.<\/p>\n
In this context, she said, \u201cWe want more investment in this sector. If the
\nprivate sector, local and foreign investors show interest in investing in the
\nsector, we will provide them every necessary support.\u201d<\/p>\n
Noting that arrangement of the fair is very important for expanding the
\ntrade and businesses of Bangladesh in the world, she said, \u201cWe are arranging
\nthe trade fair for the 25th time after successful completion of its 24th
\nedition.\u201d<\/p>\n
Alongside these sectors, Sheikh Hasina said her government has given
\npriority to the production of agro-processed and handloom items to expand the
\nexport basket, adding, \u201cWe are giving special attention to the sectors due to
\nhaving their potential in terms of export.\u201d<\/p>\n
The premier also stressed the need for exporting not only the raw
\nmaterials but also the processed products to increase export of the agro-
\nprocessed items, frozen lobsters, frozen fish, mango, and potato.<\/p>\n
Noting that the number of export oriented products is increasing, Sheikh
\nHasina said, \u201cWe are now exporting 766 products in 202 countries while the
\nexport products and service now stands at $ 46.87 billion.\u201d<\/p>\n
The prime minister said Bangladesh has been able to keep its strong
\nposition on export sector despite having unfavorable environment in trade
\nsector of the world due to the time-befitting measures taken by her
\ngovernment.<\/p>\n
Asking for find out more foreign markets for Bangladeshi products, she
\nsaid, \u201cWherever I go, I asked the foreign missions to extract more markets
\nfor Bangladeshi products. Wings have been opened in mission abroad to pursue
\nthe job.\u201d<\/p>\n
The premier called upon the foreign investors to choose Bangladesh as
\nbusiness abode to enjoy the win-win situation.<\/p>\n
Spelling out her government measures taken for the overall development of
\nthe country, she said, \u201cBangladesh has achieved 8.15 percent in GDP growth.
\nDespite having decreasing trend in GDP growth across the globe, Bangladesh is
\ncontinuously increasing its GDP growth.\u201d<\/p>\n
She said Bangladesh is looking for accelerating its present 8.15 percent
\nGDP growth while $1,909 per capita income will increase in the future with
\ncoming down the poverty rate to 20.5 percent from 41.<\/p>\n
The prime minister said, \u201cBangladesh has become main power in the Asia
\nPacific in terms of economic growth in accordance with the Asian Development
\nOutlook Update-2019.\u201d<\/p>\n
She added that the report predicts the rate of economic growth of
\nBangladesh will be higher in comparison to China and India.<\/p>\n
The premier said as per the World Bank report-2020, Bangladesh has secured
\n168th position among 190 countries in terms of ease of doing business in the
\nlast year with upping eight steps while Bangladesh has achieved 72nd position
\nfrom the last year\u2019s 89th position in case of having security of investors.<\/p>\n
Sheikh Hasina said her government has taken every possible measure in
\neasing doing business and for this reason, taskforce have been formed.<\/p>\n
The premier said it is immensely needed to attract investment in the
\neconomic sector particularly in industry and productive projects to achieve
\nthe Sustainable Development Goals (SDGs).<\/p>\n
She said being the gateway of other South Asian nations Bangladesh is
\nconnected with 4 billion consumers alongside the country\u2019s own market of 17
\ncrore people.<\/p>\n
The premier said due to its geographic advantage Bangladesh could also
\nemerge as bridge between the Oriental and Western countries.<\/p>\n
She said her government has been implementing various projects for
\nbuilding infrastructure and development of the roads alongside the water,
\nrail and air ways to develop the communication system for easy transportation
\nof goods.<\/p>\n
Steps have been taken for establishing communications among Bangladesh,
\nBhutan, India and Nepal while the BCIM corridor will link Bangladesh, China,
\nIndia and Myanmar to expand their trade and businesses, she added.bss<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Sheikh Hasina today inaugurated the 25th Dhaka International Trade Fair (DITF), announcing the \u201cLight Engineering\u201d as the \u201cProduct of the Year\u201d for 2020. \u201cAs a part of export policy, we are declaring \u201cLight Engineering\u201d as the product of 2020 aimed at encouraging the product based export while we are calling for more investment,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,14],"tags":[],"class_list":["post-8072","post","type-post","status-publish","format-standard","hentry","category-6","category-14"],"_links":{"self":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/8072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8072"}],"version-history":[{"count":1,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/8072\/revisions"}],"predecessor-version":[{"id":8074,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/8072\/revisions\/8074"}],"wp:attachment":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}