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The Financial Express

BD earned $41b in export last FY: Tofail

| Updated: October 22, 2018 19:25:21


BD earned $41b in export last FY: Tofail

Bangladesh earned US$ 41 billion in foreign exchange by exporting 744 products to 202 countries in the 2017-18 fiscal years, Commerce Minister Tofail Ahmed told Parliament on Monday.

Mentioning that it is not true that the country's export remains confined to a few items, he said Bangladesh earned US$ 348 million by exporting 25 products to 68 countries in the 1972-73 fiscal year.

The Commerce Minister came up with the statistics replying to a starred question from treasury bench MP AFM Bahauddin Nasim (Madaripur-3), according to UNB.

Tofail mentioned that the government has taken a number of measures to diversify the export products.

In reply to an unstarred (written) question from Awami League MP Didarul Alam (Chattogram-4), the minister said the export volume of readymade garment (RMG) was US$ 28,149.84 million (over US$ 28 billion) in 2016-17 fiscal year which was higher by US$ 55.18 million from that of the previous fiscal year.

Tofail said the export size of readymade garment was only US$ 4,912.1 million in 2002-2003 fiscal year. The RMG export continues to rise every year and it will increase further due to various measures taken by the government.

 

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