News

Five member companies of LFMEAB achieved National Export Trophy

Five member companies of LFMEAB: Bay Footwear Ltd., Akij Footwear Ltd., F.B. Footwear Ltd., Picard Bangladesh Limited, and Leatherex Footwear Industries Limited has achieved National Export Trophy for the year 2015-2016. Among them Picard Bangladesh Limited and Bay Footwear Ltd. has achieved Golden Trophy, F.B. Footwear Ltd. has achieved Silver Trophy, Akij Footwear Ltd. And Leatherex Footwear Industries Limited has achieved Bronze Trophy accordingly.
A total of 56 enterprises of 24 sectors were given the trophy. Out of them, 25 organizations received gold, 17 organizations silver and 14 organizations bronze trophy.
“As a developing nation we will get immense opportunities in the export market and other areas of trade and business in the global market. It will help us get credit facilities and doing business in more easy ways. So, we have to take the opportunity,” she said.
The prime minister said this while distributing national Export Trophy for the year 2015-2016 at a function held at Dhaka’s Pan Pacific Sonargaon hotel, reports BSS.
Sheikh Hasina said that Bangladesh will lose some facilities entitled for LDCs, but it will not be a problem for us as we have already taken preparation to address the situation creating the necessary business-friendly atmosphere. Commerce Minister Tofail Ahmed presided over the function held in the auspices of Bangladesh Export Promotion Bureau under the Commerce Ministry.
Secretary of the ministry Md Mofizul Islam delivered the welcome address while president of Federation of Bangladesh Chamber of Commerce and Industry Shafiul Islam Mohiuddin also spoke at the event. A total of 56 enterprises of 24 sectors were given the trophy. Out of them, 25 organizations received gold, 17 organizations silver and 14 organizations bronze trophy.
The prime minister said her government has tried to create as many trade and business opportunities in the country as possible. Aimed at boosting regional trade and business, the prime minister said her government has signed a memorandum of understanding (MoU) with India, Bhutan, and Nepal to develop a communication network. Furthermore, another MoU has been signed with China, India, and Myanmar for development of BCIM Economic Corridor, she added. “So you have an immense scope to expand your businesses up to China, in addition to East Asia, South Asia, and South East Asia,” she said. Sheikh Hasina said that the Father of the Nation Bangabandhu Sheikh Mujibur Rahman freed the nation from the clutch of subjugation aimed at making it a prosperous country.
Now, she said, Bangladesh is a role model of development, but the country had been born with eighty percent of its population under poverty line. Within three years of independence, the prime minister said, Bangabandhu had built all basic infrastructures of the country’s economy. “But the pace of development fell in deep crisis after his killing in August 1975, keeping the economy in a shamble for 21 years until the Awami League government took office in 1996.” Sheikh Hasina said as a political organization, her party has a specific vision and mission to take forward the country. That vision and plan made it possible to carry forward the activities for the country’s rapid development, she said.
The prime minister said her government handed over power peacefully on completion of its first five-year tenure from 1996-2001. “But, the subsequent government completely failed to uphold the velocity of development, rather destroyed most of the successes of the Awami League government and pushing the country backward in major economic areas,” she said. Congratulating the recipients of the export trophy, Sheikh Hasina hoped that they would continue their efforts to expand the export market abroad to accelerate the country’s economic progress.
She said her government is working out a plan to assess the demands of Bangladeshi goods in the global markets and give facilities to the exporters to boost up exports. Bangladesh is maintaining good economic relations with every country, which is also a diplomatic success of the country, she added.
Urging the business community to expand the export basket in foreign market, the prime minister said many countries have given Bangladesh duty- and quota-free access to their markets. “But, we’ve to expand our export basket and increase the number of exportable items to get benefits of the trade deals with different countries under the duty- and quota-free regime.
“We are trying to find out market for Bangladeshi goods in the international arena. It’s also your duty to find out market for your own goods abroad as you visit different parts of the world,” she said. The prime minister assured the exporters of providing all support to find out the global markets of Bangladeshi products if her party is reelected and she would remain in office.
“If we are not voted to power again, I hope you would be able to take forward the trade and business through the best use of the facilities we have created for you,” she said.
Sheikh Hasina said the government has already ensured uninterrupted power and gas supply to industries. The import of LNG has already been begun and the first floating LNG terminal has been commissioned, while the second terminal will be coming soon, she said, adding that the government has already decided to construct a land-based LNG terminal to ensure constant gas supply to the industries.
The prime minister said the government has undertaken a plan to construct a power plant in the northern part of the country importing diesel from India through pipeline. Discussion continues with Nepal and Bhutan to import electricity, she said. Sheikh Hasina said as a developing country, Bangladesh has to go a far way for attaining its cherished economic prosperity.
“We want to build Bangladesh as a developed and prosperous one and we are moving ahead with this goal,” she said, adding that none would be able to stop the country’s advancement.

For further reference, please visit: https://www.dhakatribune.com/bangladesh/dhaka/2018/12/02/pm-no-one-can-block-bangladesh-s-march-forward