Take Asia by the horns
Our export growth has been overly reliant on North America and Europe, while missing out on the immense potential closer to home
There is no denying that over the last few years, Bangladesh has made tremendous strides in the exporting sector, and this dynamism is largely attributable to our RMG sector.
But unfortunately, our export growth has been overly reliant on the developed countries of North America and Europe, while missing out on the immense potential of the economies closer to home — the Asian market.
It is time for Bangladesh to up its game when it comes to this continent of nearly 60% of the world’s population– and that is a goal that must be achieved not only through signing the necessary preferential trade agreements, but also by offering quality products.
This means boosting trade relations through removing non-tariff barriers to trade, signing trade-friendly bilateral agreements, and the proper usage of preferential trade.
There is no reason Bangladesh should not be able to take advantage of Asia, since we share similar tastes and values — it is time to take Asia by the horns.
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