Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.
Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country bracket, where it has been for 43 years.
Bangladesh’s trade deficit shot up 53 per cent year-on-year to $27.5 billion in the July-April period of the current fiscal year as the surge in imports continued against lower export receipts, exceeding last year’s total shortfall.
Bangladesh is likely to lose about $2.7 billion in export earnings every year once it graduates from the Least Developed Country bracket, where it has been for 43 years.
