26 BD missions abroad fail to achieve export targets in FY14

block

UNB, Dhaka :
Twenty-six of the 52 Bangladesh missions abroad failed to achieve their respective export targets in the last fiscal year (2013-14).
The key Bangladesh missions like those in Washington, London, Paris, Ottawa, Tokyo and Canberra failed to achieve their export targets in FY14 while some other important missions-Berlin, Madrid, Rome, The Hague and Stockholm-reached their targets for the fiscal.
The overall export earnings for the last fiscal amounted to US$ 30,176.80 million against the strategic target of $ 30,500 million, showing a negative growth of 1.06 percent over the strategic target.
Of the 52 Bangladesh missions, 26 met their respective export targets for the July-June period of the last fiscal (FY’14), according to the latest statistics provided by the Export Promotion Bureau (EPB).
The 26 well-performing missions are those in Berlin, Madrid, Rome, The Hague, Stockholm, Brussels, Ankara, Beijing, Seoul, Cairo, Lisbon, Hanoi, Amman, Kuwait, Colombo, Doha, Muscat, Yangon, Tashkent, Manama, Thimpu, Beirut, Male, Tripoli, Brunei and Port Louis.
Of the 26 missions that could not achieve their targets for the last fiscal, exports still marked a rise for 13 of them over the corresponding period of the previous fiscal (2012-13). These missions are in Washington, London, Paris, Tokyo, Nairobi, Canberra, Ottawa, Geneva, Mexico City, Athens, Moscow, Kuala Lumpur and Jakarta.
However, 13 missions-New Delhi, Hong Kong, Dubai, Riyadh, Singapore, Bangkok, Tehran, Kathmandu, Pretoria, Islamabad, Brasilia, Manila and Rabat-saw exports decline during the July-June period of the last fiscal compared to the same period of the previous fiscal (2012-13).
The EPB figures revealed that out of the 17 Bangladesh missions having commercial wings, only five have achieved their export targets while 12 others could not achieve their respective targets for the year.
The five missions with commercial wings, which achieved their respective export target, are in Berlin, Madrid, Brussels, Beijing and Yangon.
Although the remaining 12 commercial wings could not achieve the target, the earnings of nine of them still saw increase over the 2012-13 fiscal. These are in Washington, London, Paris, Tokyo, Ottawa, Geneva, Canberra, Moscow and Kuala Lumpur.
The 26 Bangladesh missions that succeeded in achieving their targets for the July-June period of the last fiscal accounted for $ 13,890.67 million while the the remaining 26 missions, which failed to achieve their target, fetched $ 15,552.29 million.
The highest earning over the 12-month period, some $ 5651.84 million-almost one-fifth of total exports-was registered by the Washington mission, followed by the mission in Berlin which accounted for $ 5018.96 million and London $ 3,143.99 million. The strong showing from EU member states continued with the Madrid mission fetching $ 1,616.49 million during the last fiscal year.
The next was the Bangladesh mission in Italy, which earned almost $ 1335.02 million, followed by missions in Ottawa and The Hague, with approximately $ 1113.83 million and $ 1434.88 million respectively. The New Delhi mission managed to fetch only $ 456.63 million.

block