Economic Reporter :
Commerce Minister Tofail Ahmed on Tuesday called for taking up a cohesive plan for improving the capacity in global trade and removing trade barriers for achieving the Sustainable Development Goals (SDGs).
“Bangladesh is on the right track to achieve the SDGs and it will be able to achieve the SDGs by 2030 set by the United Nations,” said the commerce minister while speaking at a high level session on “Aid and Inclusive Trade: Financing Trade Connectivity and the SDGs” held at Geneva as part of the 6th Global Review of Aid for Trade-2017.
Tofail who is now in Geneva to attend the 6th Global Review of Aid for Trade-2017 said Bangladesh has been making remarkable progress in socioeconomic sector and small and medium enterprises in the non-formal sector are increasingly becoming important. This sector needs support and cooperation for increasing their capacity, he added.
The commerce minister said manpower is the vital asset of Bangladesh and there is no alternative to creation of jobs for the people.
He said the economic growth was below 4.0 percent from 1974 to 1990 but the average growth was 6.4 percent from 2010 to 2014 and the growth stood at 7.24 in fiscal year 2016-17.
The economic growth will reach 8 percent with the successful implementation of 7th Five Year Plan, he said adding that implementation of this plan will also help Bangladesh achieve the SDGs.
Tofail said Bangladesh’s export in maintaining a rising trade and it is now the second largest RMG export country in the world. Other potential sectors include ICT, shipbuilding medicine, ceramics, furniture and electronics, he said, adding that globally Bangladesh’s position is 5th in exporting frozen and sea fish.
Cameroon’s trade minister Luc Magloire, Pakistan’s commerce minister Khurram Dastgir Khan, European Union Affairs took part in the discussion.
Commerce Minister Tofail Ahmed on Tuesday called for taking up a cohesive plan for improving the capacity in global trade and removing trade barriers for achieving the Sustainable Development Goals (SDGs).
“Bangladesh is on the right track to achieve the SDGs and it will be able to achieve the SDGs by 2030 set by the United Nations,” said the commerce minister while speaking at a high level session on “Aid and Inclusive Trade: Financing Trade Connectivity and the SDGs” held at Geneva as part of the 6th Global Review of Aid for Trade-2017.
Tofail who is now in Geneva to attend the 6th Global Review of Aid for Trade-2017 said Bangladesh has been making remarkable progress in socioeconomic sector and small and medium enterprises in the non-formal sector are increasingly becoming important. This sector needs support and cooperation for increasing their capacity, he added.
The commerce minister said manpower is the vital asset of Bangladesh and there is no alternative to creation of jobs for the people.
He said the economic growth was below 4.0 percent from 1974 to 1990 but the average growth was 6.4 percent from 2010 to 2014 and the growth stood at 7.24 in fiscal year 2016-17.
The economic growth will reach 8 percent with the successful implementation of 7th Five Year Plan, he said adding that implementation of this plan will also help Bangladesh achieve the SDGs.
Tofail said Bangladesh’s export in maintaining a rising trade and it is now the second largest RMG export country in the world. Other potential sectors include ICT, shipbuilding medicine, ceramics, furniture and electronics, he said, adding that globally Bangladesh’s position is 5th in exporting frozen and sea fish.
Cameroon’s trade minister Luc Magloire, Pakistan’s commerce minister Khurram Dastgir Khan, European Union Affairs took part in the discussion.
