High tariffs on the import of raw materials are a major barrier to the diversification of Bangladesh’s export basket, a noted economist said yesterday.
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Bangladesh's export basket growth appears relatively stagnant, adding only nine products between 2006 and 2021, compared to competitors like Vietnam's 41, India's 16, and Thailand's 31. From these products, Bangladesh has earned an average of $823 million annually, whereas Vietnam's earnings amount to $145 billion, Professor Selim Raihan said at a seminar today, citing a study