Committed to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 190 Sun. December 07, 2003  
   
Business


Saarc trade fair starts in Dhaka on Dec 27


A five-day Saarc Trade Fair will begin in Dhaka on December 27 aiming at expanding intra-regional trade among the seven Saarc countries.

Commerce Minister Amir Khosru Mahmud Chowdhury will inaugurate the fifth edition of the fair to be held at Bangladesh-China Friendship Conference Centre.

Excepting the Maldives, all other Saarc countries will take part in the show to display a wide range of products and services available.

"The fair will provide a unique scope for the South Asian nations to explore their export opportunities in other countries in the region," Mahmud Reza Khan, director (information) of the Export Promotion Bureau (EPB), told The Daily Star.

According to available statistics, the share of Saarc countries in global trade is only 3.4 per cent, which is very much lower than that of other regional blocs like Association for Southeast Asian Nations (Asean) and EU.

Khan said 10 companies from Sri Lanka will participate in the show to exhibit chemical products, agricultural items, sports goods, tires, three wheeler, herbal products, footwear, coconut oil, water pumps, chocolates and confectioneries.

Some 10 Bhutanese companies will display agro-products, woodcrafts, fruits, seeds, herbal medicine and hardboards.

Pakistani enterprises will showcase handicrafts, furniture, textile fabrics, bed sheets, herbal products, prayer mats, spices, pickles, table and trolley sets, pharmaceuticals, medical equipment, handicrafts, leather goods and sports items.

Companies from Nepal will exhibit pashmina (fur) products, wooden crafts, handmade paper products, textile items, cotton bags, handicrafts, herbal tea and betel-nuts at the fair.

Some 20 Indian companies have also confirmed their participation at the exposition.

A good number of leading Bangladeshi companies will take part in the event, Khan said.

According to EPB, Bangladesh exported goods worth $1.44 million to Bhutan, $84.07 million to India, $0.36 million to Nepal, $31.5 million to Pakistan and $3.75 million to Sri Lanka in 2002-03 fiscal year.

On the other hand, Bangladesh imported goods valued at $3.8 million from Bhutan, $1001 million from India, $3.3 million from Nepal, $66.66 million from Pakistan and $6.05 million from Sri Lanka the same year.