Govt eyes $110b export earnings in 2027

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the draft of the Export Policy 2024-2027 eyeing a $110 billion export target in FY27.

The approval came from the 8th meeting of the CCEA this year held on Wednesday at the Cabinet Division conference room in Bangladesh Secretariat with Finance Minister Abul Hassan Mahmood Ali in the chair.

Ali presided over the meeting virtually as he was infected with COVID-19.

Briefing reporters after the meeting, Cabinet Division Secretary (Coordination and Reforms) Md Mahmudul Hossain Khan said the meeting approved a total of two proposals.

He said following a proposal from the Ministry of Commerce, the day’s meeting approved the Export Policy 2024-2027 since the previous export policy expired in 2023.

Mahmudul said the fresh export policy has been framed considering the LDC graduation-related challenges, putting priorities on sectors and products, considering their potentials, and to augment efforts to make branding of Bangladesh abroad.