Exporters in Bangladesh have received orders of $19.46 million in export order at the 23rd edition of Dhaka International Trade Fair (DITF), Commerce Minister Tofail Ahmed said on Sunday citing Export Promotion Bureau data.
At the closing ceremony of the 35-day-long exposition, the minister said: “We have experienced a record jump of 8.71% in export orders from last year, while products worth Tk87.83 crore have been sold at the fair. We have already started work on moving the trade fair to Purbachal, on a piece of land which should be completed by 2020.”
The fair is jointly organized every year by the Export Promotion Bureau (EPB) and the Ministry of Commerce from January 1 to January 31. However, this year the duration of the annual event was extended following requests from businesses to February 4.
Commerce Secretary Subhasish Basu presided over the concluding ceremony of the fair while the chairman of the Parliamentary Standing Committee on Commerce Ministry Tajul Islam Chowdhury, Federation of Bangladesh Chambers of Commerce and Industry Md Shafiul Islam Mohiuddin and EPB Vice-Chairman Bijoy Bhattacharjee spoke at the closing ceremony, on Sunday.
“We have to start exporting services along with products. All the new import/export policies are being made with developing the country’s economy in mind,” Subhasish Basu said at the event.
“We participated in different international fairs to expand our businesses across the world. Some Bangladeshi products are only made for exports. We have been able to expand our businesses through participating in such fairs. There is no alternative way to do this effectively without trade fairs,” he added.
Different exhibitors at the fair were offering upto 60% discounts on various goods on the closing day of the exposition. Stalls and pavilions for kitchenware, plastic products, home appliance and electronic goods saw the most crowds because of the final discounts on offer.
“The fair is the best place to buy household goods because of all the competition drives prices down and this is why I come here every year,” one Abdul Malek told the Dhaka Tribune.
Over 589 pavilions, mini pavilions and stalls have been set up at the Sher-e-Bangla Nagar site. 44 of them came from 17 different countries including the USA, UK, Turkey, Australia, Singapore, Malaysia, China, India, Pakistan, Thailand, Vietnam and South Korea.