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Thursday, September 13, 2007

New avenues being explored to promote local products

Sarwar Zahan writes in FE

The government is exploring new venues, in addition to 21 already selected, to organise trade fairs abroad aiming to promote Bangladeshi products and identify new export markets, Export Promotion Bureau (EPB) sources said.
Earlier, the commerce ministry took a decision to hold 21 trade fairs abroad in the current fiscal. Besides, five single commodity trade fairs will be held in separate places abroad.
EPB sources further said the preference will be given, while holding international trade fairs, to such countries where the buyers are not familiar with Bangladeshi goods but which hold out good marketing prospects.
The countries already selected for holding trade fairs include Germany, USA, Kenya, Vietnam, Turkey, the United Arab Emirates, Italy, Russia, Japan, Hong Kong, Nepal, Senegal, India, Myanmar, Belgium, Sri Lanka, China, and Canada.
Special importance will be given to selecting products to put on display in a trade fair in a country where it market potential can be exploited.
Russia has been chosen as the debut country where presence of Bangladeshi products is limited, but there are promising prospects for Bangladeshi garments products. A readymade garment fair will be held in Russia, EPB sources said.
The government considers Vietnam as the potential market for pharmaceutical products and a decision has been taken to hold a fair to promote pharmaceutical products in that country.
Already duty-free access has been availed for the markets in the European Union, Canada, Australia and Norway. Although on a limited scale, Bangladeshi products have already found their access with lower duty in the markets of Thailand, India and Pakistan, the commerce ministry sources said.
Talks are under way with China, Russia, Malaysia and other neighbouring countries in connection with export promotion. A positive result is being expected within a short period, they said.

Good to see Bangladesh Corporate venturing into foreign territories, no wonder when the home is in order, you can afford to peek into neighbors home and make it yours too. Good luck.

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