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DOT Desk: Leather and footwear, plastics and light engineering have been identified as the potential sectors, which can help diversify the country’s export basket, reports The Financial Express.
The sectors will also create greater access to the international markets for local products, according to a new report launched on Sunday. The report highlighted the need for diversifying Bangladesh’s export basket in order to sustain accelerated economic growth, increase investment opportunities, and create more jobs, particularly for women.
The International Finance Corporation of the World Bank launched the diagnostic report titled “Building Competitive Sectors for Export Diversification: Opportunities and Policy Priorities for Bangladesh” at a program, jointly organized by the IFC and Policy Research Institute of Bangladesh in Dhaka.
Prime Minister’s economic affairs adviser Dr. Mashiur Rahman was present as the chief guest at the launching event, chaired by PRI chairman Dr. Zaidi Sattar.
“Bangladesh’s economy is moving forward at a stable pace,” Dr. Rahman said. “The government has launched a concerted effort to diversify its exports and we sincerely hope this pioneering publication will help inform the policy discourse on sustainable export-led growth,” he added.
Prime Minister Sheikh Hasina was saddened by the memory of Sheikh Rasel, the youngest son of Bangabandhu Sheikh Mujibur Rahman, the nation's father.
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