By reducing domestic logistics costs by 17 per cent, Bangladesh’s exports can be increased by 7.4 per cent.
This was, reportedly, underlined by the experts, who also, reportedly, maintained around 35 per cent of products get damaged in ports due to infrastructural deficiencies.
According to reports, they made these observations at a recent roundtable titled, ‘Improving trade facilitation for export competitiveness: Progress, Lessons and policy priorities for Bangladesh’, organised by the Policy Research Institute of Bangladesh (PRI) in capital Dhaka.
Taking part in the discussions, Adviser to the Prime Minister for Private Industry and Investment, Salman F Rahman, who was present as chief guest, reportedly, said although the readymade garment (RMG) sector was successful in exporting, other sectors were facing many hurdles while also adding exports in every sector can be improved if the bureaucratic complexities were reformed.
