The Cabinet Committee on Economic Affairs (CCEA) has approved the Export Policy 2024-2027 draft, which aims to export goods worth US $ 110 billion in FY ’27.
The clearance originated from the eighth CCEA meeting of the year, which was presiding over by Finance Minister Abul Hassan Mahmood Ali and held today at the Cabinet Division conference room at the Bangladesh Secretariat.
Md. Mahmudul Hossain Khan, the Cabinet Division Secretary (Coordination and Reforms), briefed the media following the meeting and stated that two suggestions in total had been adopted during the day’s proceedings. He stated that since the previous Export Policy expired in 2023, the meeting that day approved the Export Policy 2024–2027 based on a recommendation from the Ministry of Commerce.
Mahmudul informed that the fresh Export Policy has been framed considering the LDC graduation related challenges, putting priorities on sectors and products considering their potentials and to augment efforts to make branding of Bangladesh abroad.
The secretary stated that the key component of the next Export Policy include facing challenges of LDC graduation, the impacts of COVID-19 and Russia-Ukraine War, long-term strategic vision, 4th industrial revolution, providing support to the micro, small and medium entrepreneurs, setting export target at US $ 110 billon in the last year of Export Policy in 2027, taking steps to increase the participation of the women entrepreneurs in the export-oriented sectors, adoption of environment-friendly and circular economy, taking specific policy for the small and women entrepreneurs to boost their exports, including vegetables and handicrafts as potential priority exportable items, including sipping, dyeing, printing, finishing, manufacturing as special development sector, including pharmaceuticals, medical equipments as potential items in the policy alongside handicrafts, finding alternate ways of providing stimulus to the exporters following rules and regulations of the WTO, updating the list of export prohibited products and the export list of conditional products.
Mahmudul stated that the Ministry of Commerce’s proposal to extend the deadline for the state-run Trading Corporation of Bangladesh to purchase necessities locally or through imports by one year, until June 30, 2025, was also approved at the CCEA meeting that day. The original deadline was set to expire on May 26, 2024.
He informed that someone crore low-income group families are enjoying the facilities of procuring essential items at subsidized rates from the TCB. The day’s meeting approved a proposal for allowing TCB to procure such essential items by another year for state requirements.
Bharat Tex Special Report 2026 
