Dhaka Trade Fair to fetch $100m exports of non-traditional items
Saleem Samad of DOT
Moments after the curtain fell on the month-long 24th Dhaka International Trade Fair (DITF) on Saturday bagged export orders of BDT 2 billion (US $25 million) of non-traditional items. Commerce Minister Tipu Munshi disclosed the figures at the closing ceremony of the flagship event of Export Promotion Bureau (EPB).
Prof Mustafizur Rahman, Distinguished Fellow of CPD told DOT that the export growth of non-traditional items is 20 per cent and rising. Last year at the DITF, the exhibitors received spot export orders worth BDT 1.60 billion.
He is hopeful that besides export of traditional items, the non-traditional exports will reach 100 million in 3 to 4 years.
However, Bangladesh’s export earnings are mostly determined by the export of traditional items like the readymade garment, leather, footwear, jute products and frozen food items.
Those importers and investors who visited Bangladesh’s annual trade fair have met local business entrepreneurs. They also have seen the products, the quality of the products, compared the price of the products and took stock of the capacity of production.
This effort by the foreign importers will further strengthen the business rapport with the local producers capable for exports.
Some little known non-traditional items like spices, dry food, plastic waste, handicrafts, paper and paper products, pulp, ceramic products, glass and glassware, furniture, golf shaft, wigs and human hair are bagging huge foreign currencies.
Dr Rahman said the export statistic is growing each year with the modernization of the industries. The networking of nontraditional items will also improve export destinations, he added. Presently the $36 thousand million exports, he remarked that the nontraditional export have gradually taken a share of the pie.
The local entrepreneurs market their products to domestic customers. The trade fair has given them an opportunity to produce quality products for the international market.
The local producers may not have sales promotion strategy for international market, but