Bangla → English transcript

Export earnings continue to decline. In December, they fell by more than 14 percent, standing at 3.89

billion dollars, whereas in the same month of the previous year it was 4.63 billion dollars. According to the latest data from the Export

Promotion Bureau, EPB,

this information has emerged. And in the previous month, November, export earnings

had fallen by 5 and a half

percent. The data shows that in the July–December period, total export earnings were 24 billion dollars.

Where there was a decrease of 2.19 percent. Almost 85 percent of Bangladesh’s export earnings come from the ready-made garments

sector. And this sector has also seen a major downturn

emerge. In December, garment exports fell by more than 14 percent. During this time, in all of the top 5 sectors,

earnings declined. As a result, in the first half of the current fiscal year,

the country’s overall merchandise exports fell by more than 2 percent. Economists fear the crisis will deepen further if swift and effective steps are not taken.

In July–December, 240 billion dollars of

Products have been exported, which is 2.19 percent less than the same period of the previous year. During this time

ready-made garments were exported worth 1 thousand 937

million dollars. Compared to the previous year, income has fallen by 2.63 percent. Leather and leather products,

home textiles and jute and jute products have seen negative growth. Processed agricultural products’

exports have also fallen by more than 10

percent. Because of the new U.S. tariffs that we or these tariffs…

as new buyers are trying to impose some pressure on us… they have not yet placed

orders. And because of the high U.S. tariffs, India and China…

have leapt toward the European market. As a result, there too

we have fallen into an unhealthy competition…

there too our order procurement has decreased. The

negative impact of last year

is feared by economists to continue this year as well, especially since this year is the LDC graduation

New challenges will arise. So, to deal with the situation, they advise taking quick action and formulating new policies

with an emphasis on drafting them. Export growth in the first five months is almost nonexistent,

about 0.6 percent. LDC graduation is a challenge

that is coming up ahead

if this is not deferred. And secondly, there is the issue that

with the other forms of institutional capacity through which we will reduce the cost of doing

business…

we have not really been able to show much dynamism on that front either by 2025.