Export subsidies in Bangladesh | The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh’s coffers and bring down rates gradually since the country can’t provide such subsidies once it becomes a developing nation.
Bangladesh's exports soared 15.26 percent year-on-year in July driven by an acceleration in the shipment of readymade garments, official figures showed today.
Export earnings declined 16.52 per cent year-on-year to $3.95 billion in April as the shipment of garments, the key export item, dipped owing to a reduced purchasing capacity of consumers in the western countries amid persistently higher inflation.
Bangladesh should ensure accreditation for local products to increase export earnings, reduce cost and time and implement the Sustainable Development Goals, speakers at a seminar said today.