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Thursday, July 5, 2012

Consolidating and Accelerating Exports in BD

World Bank publishes a report 'Consolidating and Accelerating Exports in Bangladesh' written by Md. Abul Basher et al. The following issues came up in the report: 

  • Bangladesh not only needs to consolidate existing strengths in basic garments, but also plan for the future.
  • While garments will continue to dominate exports, encouraging diversification will help guard against shocks and maintain export growth in the longer term.
  • Export growth can accelerate, provided critical bottlenecks are addressed, including trade logistics, skill shortages, and compliance with Government labor standards. 

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