The Bangladesh government is looking for new markets for agro exports
Bangladesh
Published May 28, 2023
Tridge summary
The government is exploring global export markets for its agricultural products to increase earnings from the sector, as well as cushioning economic blows after the country's LDC graduation.
Original content
As part of the move, the Ministry of Agriculture (MoA) has asked the Bangladesh mission in Seoul, Korea to plan the next course of actions regarding the issue, sources said. Experts said now Bangladesh is taking preparations to graduate from the least developed country (LDC) status in 2026. There is a growing need to diversify its economy and find new sources of growth to face possible challenges after graduation. The government needs to take required strategies for building a strong country brand for its agricultural products in the international market. It can take assistance from the countries that have achieved remarkable development in the agri sector. In this circumstance, the MoA can learn from the approaches of Thailand and Australia to build a country brand for Bangladeshi agricultural products worldwide, sources added. According to the MoA letter, Bangladesh is capable of producing a variety of crops with global top ranking in items like jute and jackfruit (1st), mango ...
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