23 missions fail to achieve July-Feb FY 14 export target

13 April 2014

UNB, Dhaka :
Twenty-three of the 51 Bangladesh missions abroad have failed to achieve respective export targets for the first eight months (July-February) of the current fiscal (2013-14).
The key Bangladesh missions like Washington, London, Ottawa, Canberra and New Delhi failed to achieve their July-February export target while some other important missions-Berlin, Madrid, Paris, Rome and The Hague-have been able to reach their target for the period.
The overall export earnings for the July-February period of the current fiscal year totalled US$ 19,829.00 million against the strategic target of $ 19,407.15 million having a growth of 2.17 percent over the strategic target.
Of the 51 Bangladesh missions, 28 met their respective export target for the July-February period of the current fiscal (FY14), according to the latest statistics provided by the Export Promotion Bureau (EPB).
The 28 well-performing missions are Berlin, Madrid, Paris, Rome, The Hague, Stockholm, Brussels, Tokyo, Ankara, Beijing, Seoul, Jakarta, Cairo, Hanoi, Amman, Kuwait, Colombo, Doha, Tashkent, Manama, Thimpu, Beirut, Lisbon, Male, Mexico City, Tripoli, Brunei and Port Louis.
Of the 23 Bangladesh missions that could not achieve their target for the first eight months of the current fiscal, exports still marked a rise for 10 of them over the corresponding period of the last fiscal (2012-13). These missions are in Washington, London, Canberra, Ottawa, Singapore, Geneva, Manila, Moscow, Kuala Lumpur and Muscat.
However, 13 missions-New Delhi, Hong Kong, Bangkok, Tehran, Katmandu, Dubai, Riyadh, Pretoria, Islamabad, Nairobi, Brasilia, Yangon and Rabat-saw exports decline during the July-February period of the current fiscal compared to the same period of the last fiscal (2012-13).
The EPB figures revealed that out of the 17 Bangladesh missions having commercial wings, only six have achieved the export target set for them while 11 others could not achieve their target.
The six missions with commercial wings, which achieved their respective export target, are in Berlin, Madrid, Paris, Tokyo, Brussels and Beijing.
Although the remaining 11 commercial wings could not achieve the target, but earnings of 7 of them still saw increase over the 2012-13 fiscal. These are in Washington, London, Ottawa, Geneva, Canberra, Moscow and Kualalumpur.
The 28 Bangladesh missions that succeeded in achieving their targets for the July-February period of the current fiscal accounted for $ 10,950.58 million while the export earnings of the remaining 23 missions, which failed to achieve their target, totalled $ 8,407.65 million.
The highest earnings over the eight-month period, some $ 3,770.52 million-almost one-fifth of total exports-were registered by the Washington mission, followed by the mission in Berlin which accounted for $ 3,372.80 million and London $ 2010.30 million.
The strong showing from EU member states continued with the Madrid mission fetching $ 1031.65 million during the July-February period.
Next was the Bangladesh mission in Italy, which earned almost $ 870.40 million, followed by missions in Ottawa and The Hague, with approximately $ 744.97 million and $ 961.02 million respectively. The New Delhi mission managed to fetch only $ 245.18 million.

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