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Bangladesh needs to diversify export basket: ICCB


Desk Report: According to International Chamber of Commerce Bangladesh, the government needs to give more attention to diversifying its export basket from the readymade garment to address the existing and new challenges after graduation in 2026.


The ICCB made the observation in the editorial of the current News Bulletin (January-March 2022) released on Wednesday

ICCB also said, the government should analyse the markets in different regions, such as Latin America, the Middle East, South & Far East Asian Region and formulate strategies for penetrating those markets as part of diversifying export destinations.”

Bangladesh should also join different regional trade blocs and sign of FTA with potential individual countries, the ICCB press release.

The organisation advised the government to focus on a knowledge-based economy, mobilise both foreign and local resources, ensure ease of doing business, shift towards manufacturing high-value goods and seriously promote FDI and export-oriented industries.