Govt implements $100 million project to diversify exports: commerce minister
Commerce Minister Tipu Munshi today said the government is implementing a project of $100 million in collaboration with the World Bank to increase the number of export products.
The project -- Export Competitiveness for Jobs (ECFORJ) -- will also help to make the workers skilled and support infrastructural and technological capacity building, the minister said.
More than 90,000 additional jobs are likely to be created after when the project will be completed by 2023, he said while addressing the inauguration ceremony of the 15th Bangladesh International Plastics, Printing and Packaging Industry Fair (IPF) as the chief guest.
Bangladesh Plastic Goods and Manufacturers and Exporters Association (BPGMEA) and Yorkers Trade and Marketing Service Company, jointly organised the programme virtually.
The minister said the government has emphasized export diversification and the plastic sector is being considered as the potential sector for export development and given the highest priority in the export policy.
"The plastics industry has already recognised as a trusted sector and we are hoping that the sector may take the lead on export earnings," he said.
Tipu Munshi said to meet the trade challenges after LDC graduation, the government is trying to take advantage of trade by signing trade agreements with different countries like PTA or FTA.
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