Home Business 14 missions fail to achieve export targets in July-Sept

14 missions fail to achieve export targets in July-Sept

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Fourteen out of 56 Bangladesh missions abroad have failed to achieve their respective export targets for the first quarter (July-September) of the current fiscal.Some key missions like London, Washington, Canberra, Ottawa, Beijing, Tokyo and Cairo missed the export target set for them for the first quarter of 2016-17.The Export Promotion Bureau (EPB) data shows that the overall export earnings for the July-September period was $8078.82 million against the strategic target of $8946.00 million, showing a fall of  9.69 percent over the strategic target.Sector insiders think that the missions are not warmhearted over the achieving export target. They remain little bit relax as there are no arrangement of incentive and accountability.“Those who are being sent to foreign missions are not well aware of the export and its market. They should be given a clear concept on the export earning sectors of the country and the foreign market so that they can go ahead with a clear view towards achieving the export target”, said Abdus Salam Murshedy, President of Exporter Association of Bangladesh (EAB) to daily sun.He also opined to arrange fair and expositions in the foreign mission to pave the way for boosting export.According to the EPB, the well performing 14 missions are Berlin, Tehran, Geneva, Copenhagen, Katmandu, Bangkok, Vienna, Jakarta, Baghdad, Beirut, Port Lues, The Hague, Lisbon and Tashkent.Out of the 42 missions, which missed the export target, the export growth of 18 missions – Beijing, Kuala Lumpur, Madrid, Paris, Tokyo, Brussels, Moscow, Athens, Rome, Male, Muscat, Warsaw, Manama, Brunei, Seoul, Hanoi, Doha and Stockholm is higher than that of the corresponding period of the previous year.The export growth of the remaining 24 missions – London, New Delhi, Canberra, Ottawa, Yangon, Singapore, Dubai, Washington, Thimphu, Hong Kong, Cairo, Amman, Nairobi, Kuwait, Tripoli, Manila, Mexico City, Rabat, Pretoria, Colombo, Riyadh, Brasilia, Islamabad and Ankara – is lower than that of the corresponding period of the previous year.The EPB data also revealed that only three commercial wings out of 18 achieved the export target in the first quarter of current fiscal. The well performed wings are: Berlin, Tehran and Geneva.Though the 15 commercial wings could not achieve the targets, the earnings of seven saw increase over the same period of 2015-16.  The wings are Beijing, Kuala Lumpur, Madrid, Paris, Tokyo, Brussels and Moscow.The export growth of the remaining eight commercial wings, London, New Delhi, Canberra, Ottawa, Yangon, Singapore, Dubai and Washington is lower than that of the corresponding period of the previous year.