Commerce Minister Tipu Munshi on Monday said that Bangladesh aims to earn $300 billion in exports by 2041, and the government is working relentlessly to diversify the export sector taking various special initiatives to reach the goal.
The minister made the remarks while addressing a press conference organized by the Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) on the occasion of 'the 4th Bangladesh Leather Footwear and Leather Goods International Sourcing Show-BLIS-2023' at Hotel Sonargaon in Dhaka.
The commerce minister said export diversification is one of the prime tools for influencing a country's economic growth. Bangladesh currently rises in the world market as one of the most export-oriented countries in Asia.
“The commerce ministry is formulating innovative policies and business-friendly policies to attract foreign buyers, brands and investors in order to consolidate export-oriented growth and diversify exports,” he added.
The minister said that leather products are contributing significantly to lifting the export earnings to new heights. Bangladesh is fast establishing itself as a reliable destination for the supply of leather products to the global market.
“Our product quality progressed rapidly, maintaining the international standards. There is no alternative to branding these products to promote them in the international market,” the minister said.
He expressed optimism that Bliss-2023 would make an outstanding contribution to achieving this goal.
The minister said the Commerce Ministry has taken various timely steps including implementation of specific projects for international branding and marketing of local products. In this context, the Ministry of Commerce and Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) is going to organize "Bangladesh Leather Footwear and Leather Goods International Sourcing Show-Bliss-2023" on October 12-14 at International Convention City Bashundhara (ICCB).
In addition to the exhibition, three breakout sessions will be held in which more than 200 industry-related individuals, policymakers and local and foreign guests, as well as students of different universities, will participate.
