Export earnings target for FY22 set at $51b

Bangladesh government has set an export earnings target at $51 billion with a 12.37-per cent growth for the current financial year 2021-22 considering the ongoing global business trend amid the coronavirus pandemic.

Commerce minister Tipu Munshi on Tuesday announced the export target for FY22 through a virtual event.

Out of 51 billion export target, $43.50 billion has been set from the goods while $7.50 billion from services, the minister said.

The commerce ministry has set the earnings target for FY22 from goods $4.75 billion higher than the earnings of $38.75 billion in FY21.

The export earnings target from readymade garments for FY22 has been set at $35.34 billion, which is 11.72 per cent higher than the earnings of $31.45 billion generated in the just concluded financial year 2020-21.

News Courtesy:

https://www.newagebd.net/article/142957/export-earnings-target-for-fy22-set-at-51b