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DITF ends with Tk 1.6b spot orders

The 23rd Dhaka International Trade Fair (DITF-2018) ended with spot export orders valued at around Tk 1.60 billion. The fair also sold items valued at around Tk 87 crore. Commerce Minister Tofail Ahmed announced the data of the export orders and sales at the DITF-2018 concluding programme held at Sher-e Bangla Nagar fair ground

He said the trade fair this year was more successful than the previous years with a massive response from visitors. He also said Bangladesh started export in 1972 with $348 million which toched $34.84 billion in 2016-2017 fiscal and in the current fiscal it will be about $37.50 billion. The government’s export target was $50 billion worth of products and services by 2021, he added.

Ahmed also informed the government has been constructing a permanent exhibition venue at Purbachal in a 35 acres of land with a budget of Tk 500 crore which will host trade fairs in near future. The commerce secretary reported global export has seen a 10-fold increase since 1970.

Meanwhile, Bangladesh's export reached $34.84 billion in 2016 as against $348 million 1972, a 100-fold increase. The government has been helping the country's business community with business-friendly export and import policy order. FBCCI President Mohiuddin said exhibitors especially furniture, electronics, ceramics and leather displayed a wide range of diversified products in the international trade fair.