Bangladesh Exports economy
Trade deficit shoots up 53pc in Jul-Apr
Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.
GRADUATION FROM LDC CATEGORY / Exports await a blow
Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country bracket, where it has been for 43 years.
Trade deficit shoots up 53pc in Jul-Apr
Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.
Exports await a blow
Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country bracket, where it has been for 43 years.
