Editorial

Saturday, 04 February 2012 00:00

Author / Source : Editorial

The Danish ambassador in an exclusive interview with a news agency observed that shipbuilding can turn out to be the second most important export-oriented sector after readymade garments (RMG) in Bangladesh. The observations of the Danish envoy, whose country purchased the first ever ocean-going ship from Bangladesh in 2008, are likely to be shared by others both within and outside the country. Since the country’s export activities have become concentrated mainly in the RMG sector, the need for export diversification is imperative both to increase export earnings in support of the country’s macro economy as well as reduce vulnerability of the export sector as a whole while depending solely on one export item.