Allaying the apprehension that Bangladesh will finally be a 'loser' as a developing country, Prime Minister Sheikh Hasina on Thursday said the country would be able to avail of much more alternative facilities under WTO rules.
âMany people, perhaps, have a doubt that weâll be deprived of many facilities as a developing country. But we'll be able to avail of much more facilities than what we would be deprived of. It would be a big deal (scope) for us,â she said.
The Prime Minister made the remarks while inaugurating the newly-constructed Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal.
She opened the eye-catching exhibition centre virtually from her official residence Ganobhaban here.
The centre equipped with modern facilities is a permanent venue for different product-based fairs round the year. It was built by the Export Promotion Bureau (EPB) under a project jointly financed by Bangladesh and China.
Hasina said Bangladesh is now a developing country. âWeâll be able to avail of the alternative facilities which are available for a developing country under the rules and guidelines of the WTO. So, I think there would be no big problem here.â
âWeâll get much more scope to expand our exports and investment in the country,â she said.
The Prime Minister urged the business community to produce quality products, diversify goods, expand the export basket and explore new export markets in order to sustain in the competition of the fast-changing global market.
âWeâve to enhance our own capacity for competition to retain our export market. So, I would like to tell our business community to produce quality products considering the changing demand and the specific (export) markets,â she said, asking not to compromise with the quality of goods. Â Â
âItâs possible to diversify the countryâs export products,â the Prime Minister said, adding that Bangladesh has a great scope to boost export earnings by developing different industries, including digital devices, jute and jute-processed goods and light engineering.
âNow weâre producing ICT or digital devices. This sector now can attract investment. I think weâve a big scope to make the digital devices as the major export product in the future,â she said.
About environment-friendly jute and jute goods, she stressed the need for the development of new export products from jutes through researches as people are now much conscious about the environment. Â Â
Hasina also asked the manufacturers and exporters of readymade garments, knitwear and textiles, leather, ceramic products, frozen goods, raw and processed fish, light engineering, vegetables, fruits, pharmaceuticals goods, and the products of small cottage industries to explore new markets and assess the demand of products.
She said her government will create scopes for Bangladeshi entrepreneurs to invest in foreign countries as well so that they can produce goods and create a market for their items there.
âWeâre taking preparations for that. We can attract investment and simultaneously we can make investment in other countries as weâve graduated as a developing country now,â she said.