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Imports still rule Bangladesh trade

Observes a noted economist as the country prepares to meet LDC graduation challenges

  • Staff Correspondent
  • 18 January, 2022 12:00 AM
  • Print news
Imports still rule Bangladesh trade

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Bangladesh’s trade is still dominated by imports compared to its export volume while the country is graduating from the least development countries (LDC) group, said eminent economist Dr. Qazi Kholiquzzaman Ahmad.

He stressed that the country has to cope with the new dimension of international trade that has evolved during the coronavirus pandemic.

“The COVID-19 has brought new dimensions to international trade. For example, the importance of techno-entrepreneurship and digital tools have assumed a much greater importance now,” Dr. Ahmad pointed out.

He argued that the government strategies should focus on needs assessment, capacity building, resource allocation and prudent monetary and fiscal policies.

The observations were made at the closing of third international conference on "Entrepreneurship Development and International Economics under COVid-19 in Bangladesh: Aftermath of LDC graduation" on Monday.

Entrepreneurial Economists’Clubof Dhaka School of Economics organised the event in hybrid mode.

A total of 32 papers were presented at the event. The papers discussed strengthening of local government during pandemic, and sustainability of the economy.

They also discussed entrepreneurial ecosystems with traditional marketing systems to digital marketing systems, use of artificial intelligence, block chain technology, curbing corruption and ethical practices. 

Speakers argued that sustainable entrepreneurship growth is essential to aid sustainable development which is necessarily inclusive and environment-friendly activities. They also emphasised the need to adopt zero tolerance policy against corruption in different public and private sectors.

Prof Sheikh Ekramul Kabir, Head of Admin, Academic Affairs and Development at Dhaka School of Economy, was present as special guest.

Speaking on the occasion, he put emphasis on necessity and applicability of entrepreneurial education in Bangladesh.