Dhaka, July 20 (UNI) After skyrocketing growth in the immediate past 2021-22 fiscal year (July 2021-June 2022), the Bangladesh government has raised its export target by over 11 percent to 67 billion US dollars for the current fiscal 2022-23 year. Bangladeshi Commerce Minister Tipu Munshi made the announcement at a press conference here on Wednesday.
According to the minister, 58 billion dollars will come from goods exports and 9 billion dollars from the service sector. In the last 2021-22 fiscal year, Bangladesh earned around 8 billion dollars from services exports, Xinhua news agency reported. Munshi said ready-made garments, including knitwear and woven, would be given a special priority as always to achieve the goods export target in the 2022-23 fis- cal year, which is from July 2022 to June 2023. He said the export growth in the last 2021-22 attributed to demand for its ready-made garments in key global markets, which remained unaltered in the last fiscal year, despite the economic consequences of the Russia Ukraine conflict.
