33 BD mission abroad out of 53 failed to achieve targets

33 BD mission abroad out of 53 failed to achieve targets

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Thirty-three out of 53 Bangladesh missions abroad have failed to achieve their respective export targets set for the first quarter (July-Sept) period of the current fiscal year (2015-16).
The key Bangladesh missions like the ones in Berlin, Brussels, Beijing, Moscow, Paris, Rome and Geneva have failed to achieve their export targets for the three-month period, while some other important missions — Canberra, Ottawa, New Delhi, Tokyo, Singapore, London and Washington– have been able to reach their targets for the July-September period.

The overall export earnings for the July-September period amounted to $ 7758.99 million against the strategic target of $ 8103 million, showing a fall of 4.25 percent over the strategic target.

Of the 53 Bangladesh missions, 20 met their respective export targets set for the period, according to the latest statistics provided by the Export Promotion Bureau (EPB).

The 20 well-performing missions are in Canberra, Ottawa, New Delhi, Tokyo, Singapore, Dubai, London, Brunei, Nairobi, Kuwait, Seoul, Pretoria, Tripoli, Muscat, Mexico City, Rabat, Manila, Hanoi, Colombo and Washington.

Of the 33 missions that could not achieve their targets for the July-September period, exports still marked a rise for 6 of them over the corresponding period of the previous fiscal (2014-15). These missions are in Kuala Lumpur, Madrid, Baghdad, Katmandu, Bangkok and Riyadh.

However, 27 missions –Brussels, Beijing, Berlin, Tehran, Yangon, Moscow, Paris, Geneva, Manama, Thimpu, Cairo, Athens, Hong Kong, Jakarta, Rome, Amman, Port Luis, Beirut, The Hague, Lisbon, Doha, Stockholm, Brasilia, Male, Islamabad, Ankara and Tashkent — saw export fall during the July-September period of the current fiscal compared to the same period of the previous fiscal.

The EPB figures revealed that out of the 18 Bangladesh missions having commercial wings, only eight have achieved their export targets while 10 others could not achieve their respective targets.

The eight missions with commercial wings, which achieved their respective export target, are in Canberra, Ottawa, New Delhi, Tokyo, Singapore, Dubai, London and Washington.

Although the remaining 10 commercial wings could not achieve the target, the earnings of 2 of them like Kuala Lumpur and Madrid still saw increase in this three-month period of 2015-16fiscal. The remaining 8 commercial wings those saw exports decline over the corresponding period of the previous fiscal were Brussels, Beijing, Berlin, Tehran, Yangon, Moscow, Paris and Geneva.

The highest earnings over the three-month period, some $ 1564.19 million – almost one-fifth of total exports – were registered by the Washington mission, followed by the mission in Berlin which accounted for $ 1234.63 million and London $ 914.48 million. The strong showing from EU member states continued with the Madrid mission fetching $ 442.63 million during the July-September period.

The next was the Bangladesh mission in Italy, which earned almost $ 310.29 million, followed by missions in Ottawa with approximately $ 276.33 million. The New Delhi mission managed to fetch only $ 160.40 million.

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