Bangladesh sets FY26 export target at $63.5 bn, 16.5% higher than FY25

The government’s focus is on maximising duty-free market access, especially in the United Kingdom and the European Union (EU), commerce adviser Sheikh Bashir Uddin said, terming the target ‘quite conservative’.

“We are also in talks with the United States to lower its reciprocal tariff from 20 per cent to 15 per cent," he was quoted as saying by domestic media outlets.

"We are working on market expansion for non-traditional products and exploring new destinations," he told a press conference.

Of the new target, $55 billion is expected to come from goods and $8.5 billion from services. The export target is 16.5 per cent higher than export earnings in FY25, commerce secretary Mahbubur Rahman said.

Negotiations for free trade agreements (FTAs) are under way with Japan, South Korea and Singapore, though not all deals might be favourable for Bangladesh, Bashir Uddin noted.

ALCHEMPro News Desk (DS)