A strategic plan for exports

One could say that Bangladesh has reached a saturation point in exports having regard to the basket of items it offers and the number of destinations these go to. Even so, the country's current trade-GDP ratio is about 50 percent. Thus intrinsically export is considered a lifeline of the economy being already a major contributor to the national GDP.
Set against this backdrop, if we were to significantly diversify export products and destinations, the export volume and earning would have been that much greater. To this end, Bangladesh needs to have short, medium and long-term strategic plans. This is the message to come forth from a roundtable, "Improving exports: importing country's perspective", organised by Dhaka Chamber of Commerce and Industry (DCCI) in the city on Saturday.
One could not agree more with the forward-looking suggestion proffered by representatives from countries we have trade with such as Turkey, Iraq, Sri Lanka and Australia. Actually representatives from several embassies, high commissioners and business leaders participated in the event evincing keen interest in the subject.
The bottom line is Bangladesh demands greater trade access in preferential terms to important countries, and gains this, so that it devolves on the government, entrepreneurs and trading community to expand and diversify  business with countries on a firm footing.