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‘Market research along with diversification of products to ensure expansion exports’

B1-DCCI-Import-10.05.2014Bangladesh should launch market research along with diversification of products to ensure further expansion of the exports, trade officials at foreign missions in Dhaka told a roundtable yesterday (10 May 2014).

Dhaka Chamber of Commerce and Industry (DCCI) organised the meeting on “Improving Exports: Importing Country’s Perspective??? at its auditorium in the city.

High commissioners, trade officials of different embassies, commercial counsellors of different diplomatic missions in Bangladesh and DCCI directors spoke at the function.

DCCI senior vice president Osama Taseer moderated the discussion.

The chamber president Mohammad Shahjahan Khan urged the Bangladeshi missions abroad to increase their efforts for expansion of international market of Bangladeshi products.

He said Bangladesh has now focused more on diversifying products and manufacturing non-traditional items rather than traditional items.

Ambassador of Iraq in Bangladesh Shakir Qasim Mahdi said since 2009 Iraq is rebuilding its infrastructure and others necessary areas for bringing dynamism in its trade commerce.

“So, Bangladesh can take stock of it by exporting its goods and services,??? he said inviting investment in ceramic, medicine, leather and IT sectors in Iraq.

Sri Lankan High Commissioner Sarath K Weragoda urged Bangladesh to sign free trade agreementor preferential trade agreement to enhance bilateral trade and investment.

Laying importance on shipping and airline connectivity, he said Sri Lanka is strategically connected to major shipping and air routes to the east and west.

He said: “Bangladesh is now using 16% of its shipment or products through Sri Lanka port which was 10% in previous years. Sri Lanka is willing to offer its concession to Bangladesh for using its existing three ports including Hambantota deep sea port.???

Commercial Counsellor of Turkish Embassy in Dhaka Tulay Uyanik said Bangladesh should diversify its products with ensuring quality and efficiency to increase exports.

Other factors like political stability, branding image, modernised factories, upgrading banking system and improving workers safety are also the pre-requisite to enhance export, she said.

Uyanik said Bangladesh products like home-textile, agro-processed foods, leather and ceramichave potentials to be of good demand on the Turkish market.

She also observed Bangladesh has much potentials to develop overseas tourism throughimproving transport system and hotel accommodation.

Country Manager of Australian Trade Commission Minhaz Chowdhury said Bangladesh got duty-free access to Australian market in 2004, but the country is yet to reap benefits of it.

He said the bottom line for boosting exports to Australia is that Bangladesh needs to improve quality of products, maintain delivery time and ensure products diversification.

“As the Australian market has accepted Bangladeshi products, there is a possibility that the country can raise imports from Bangladesh in next 2-3 years.???

Senior manager of Kotra (Korean Trade Center) Faruque Ahmed said Bangladesh can raise export to Korea, especially the products like clothing, leather and footwear.

“But it is yet to make inroad in Korea despite enjoying 95% of its products duty-free access,??? he added.

Director General (Saarc and BIMSTEC) at the foreign ministry, Abdul Motaleb Sarker admitted the importance of setting up demand-based market research in foreign missions.

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Source: Dhaka Tribune

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