27 missions fail to meet export targets

27 missions fail to meet export targets

Twenty seven Bangladesh missions abroad have failed to achieve their respective export target for the first five months period of the cur... 8:15 PM

Twenty seven Bangladesh missions abroad have failed to achieve their respective export target for the first five months period of the current fiscal year (2015-16).  There are total 53 missions.

The key Bangladesh missions like the ones in Berlin, Brussels,  Beijing, Moscow, Paris, the Hague and Geneva have failed to achieve their export targets for the five months while some other important missions -- Canberra, New Delhi, Tokyo, Singapore, Seoul, Jakarta, and Washington-- have been able to reach their targets for the July-November period.
The overall export earnings for the July-November period amounted to $ 12,879.83 million against the strategic target of $ 12,879.00 million, showing a growth of 0.01 percent over the strategic target. Of the 53 Bangladesh missions, 26 met their respective export targets set for the period, according to the latest statistics provided by the Export Promotion Bureau (EPB).

The 26 well-performing missions are in Canberra, New Delhi, Tokyo, Singapore, Dubai, Yangon, London, Kualalumpur, Washington, Brunei, Nairobi, Kuwait, Seoul, Jakarta, Doha, Bangkok, Tripoli, Muscat, Mexico City, Manila, Hanoi, Lisbon, Pretoria, Port Luis, Tashkent and Colombo.

Of the 27 missions that could not achieve their targets for the July-November period, exports still marked a rise for 7 of them over the corresponding period of the previous fiscal (2014-15). These missions are in Ottawa, Paris, Madrid, Baghdad, Katmandu, Male and Rabat.

However, 20 missions –- Brussels, Beijing, Berlin, Tehran, Moscow, Geneva, Manama, Thimphu, Cairo, Athens, Hong Kong, Rome, Amman, Beirut, The Hague, Riyadh, Stockholm, Brasilia, Islamabad and Ankara -- saw exports decline during the July-November period of the current fiscal compared to the same period of the previous fiscal.

The EPB figures revealed that out of the 18 Bangladesh missions having commercial wings, only nine have achieved their export targets while nine others could not achieve their respective targets. The nine missions with commercial wings, which achieved their respective export target, are in Canberra, New Delhi, Tokyo, Singapore, Dubai, Yangon, London, Kuala Lumpur and Washington.
Although the remaining nine commercial wings could not achieve the target, the earnings of three of them like Ottawa, Paris and Madrid still saw increase in this five-month period of 2015-16fiscal. The remaining six commercial wings those saw exports decline over the corresponding period of the previous fiscal were Brussels, Beijing, Berlin, Tehran, Moscow and Geneva.

The highest earnings over the five-month period, some $ 2,476.66 million - almost one-fifth of total exports - were registered by the Washington mission, followed by the mission in Berlin which accounted for $ 2,029.78 million and London $ 1,496.58 million. The strong showing from EU member states continued with the Madrid mission fetching $ 729.60 million during the July-November period. The next was the Bangladesh mission in Italy, which earned almost $ 521.47 million while the New Delhi mission managed to fetch only $ 266.05 million, according to UNB.
FE