Export target fixed US$ 44 billion for FY19: Tofail

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DHAKA, Aug 8, 2018 (BSS) – Commerce Minister Tofail Ahmed today said the
government has set an export target of US$ 44 billion for fiscal 2018-19.

“Of the total, US$ 39 billion is targeted for goods export while US$ 5
billion for service sector,” he said at his secretariat office after a
meeting that finalised the new target.

In the current fiscal, he said, the government has decided to provide 10
percent cash incentive to nine new products along with the existing 27 items.

The new products are soft shell crab, pharmaceutical items and its raw
materials, ceramic items, galvanised iron coil slit shit, photovoltaic
modules, razor and razor blades, chlorine, hydrochloric acid, caustic soda
and Hydrogen peroxide etc.

In fiscal 2017-18, export earning was US$ 40.94 billion against the
target of US$ 41 billion. The growth in goods export was 6.36 percent while
7.43 percent in service sector. The overall export growth was 6.47 percent.

Commerce Secretary Shubhashish Bose, FBCCI President Shafiul Islam
Mahiuddin, BGMEA President Siddiqur Rahman, EPB Vice-Chairman Bijoy
Bhattacharjee, Additional Secretary Tapan Kanti Ghosh were, among others,
present.