Explore new labour markets
The Middle East, home to the majority of Bangladeshi expatriate workers, has been hit hard by a sharp fall in oil prices. This has led to various problems for Middle Eastern economies, which in turn has caused signification reductions in the salaries of Bangladeshi expatriate workers.
Consequently, Bangladesh, being massively dependent on remittance from the Middle East, has also experienced major reduction in remittance inflow during the current fiscal year. Therefore, exploring new labour markets can be a timely solution to addressing the brewing challenges that Bangladesh is going to face in the near future.
European countries should receive first priority in this regard. However, we should also focus on Far Eastern countries like Japan and Korea, as we currently have a relatively low number of expatriate workers working there, compared to what we could have.
Md Sadequr Rahman
Maniknagar, Dhaka
