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Export earning target set at $26.36b

Staff Correspondent : The target of the country’s export earnings for the current fiscal year has been set at $26.36 billion which is 15 per cent higher than the export earnings in the just concluded 2010-2011 financial year.

A meeting at the commerce ministry on Tuesday set higher export target for the current financial year of 2011-2012 at $26,363.04 million in view of robust growth in export earnings in 2010-2011.

The meeting chaired by commerce minister Faruk Khan was told that the country’s export earnings in 2010-2011 stood at $22.92 billion, or 41.47 per cent higher than the export earnings of $16.20 billion in 2009-2010.

Export Promotion Bureau officials also said that the export earning in the just concluded year exceeded the target of $18.50 billion by 23.92 per cent.

Representatives of the Federation of Bangladesh Chambers of Commerce and Industry and other chambers and officials of the commerce ministry were present at the meeting.

Faruk said that it was a great achievement for the country to register a huge growth in export earnings in the just concluded year and he called upon the business community to take more care of workers who had contributed to the growth.

The meeting, however, was told that out of total 44 foreign missions 18 missions missed the export earning targets.

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