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3 March, 2017 00:00 00 AM
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Commerce minister seeks enhanced export to Hong Kong

STAFF REPORTER

Commerce Minister Tofail Ahmed, now in Hong Kong, urged the Bangladeshis living in Hong Kong to play a role in boosting exports from Bangladesh.

"You have to play a role for increasing the country's exports. The government has been working along with the private sector to explore new markets for boosting the exports," Tofail said while addressing the launching ceremony of the Bangladesh Chamber of Commerce and Industry, Hong Kong (BCCI-HK) on Wednesday evening.
The expatriate Bangladeshis, most of whom are well-established businessmen, launched their first-ever Chamber in Hong Kong.
Consul General of Bangladesh in Hong Kong Mohammad Sarwar Mahmood, BCCI-HK President Ikram Ahmed Khan, BCCI-HK General Secretary Mohammed Yousuf Ali, "Belt and Road Office" of Hong Kong Special Administrative Region (SAR) Commissioner Yvonne YP Choi and Under Secretary for Commerce and Economic Development of Hong Kong SAR Godfrey Leung King Kwok spoke on the occasion.
Tofail Ahmed said Bangladesh achieved 7.11 per cent economic growth in the last fiscal. Exports reached US$34 billion and foreign exchange reserves stood at US$ 32 billion, he said, adding that Bangladesh has made remarkable progress in a short period of time in raising income and improving social indicators. 
He said as per the World Bank report Bangladesh is now a 'lower middle-income country'. Bangladesh is on right track to fetch exports to the value of US$50 billion by 2021 when it would be turned into a 'middle-income country,' he added
About foreign investment climate prevailing in Bangladesh, the Commerce Minister said the current government under the visionary and dynamic leadership of Prime Minister Sheikh Hasina has been able to put in place the right environment and attractive incentive packages and continuously striving to further improve the existing infrastructures and logistics.
Tofail said Bangladesh is a market of 163 million consumers, abundant cheap skilled labor and inexpensive cost of transportation.
"Bangladesh has been classified as a 'Next Eleven' emerging market and one of the 'frontier five' emerging economies in the world by Goldman Sachs and JP Morgan," he added.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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