TRADE AND INVSETMENT

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    Bangladesh sees foreign remittance inflow grow 28% after slump
    Foreign remittance inflow has started to rise again, and in November alone Bangladeshi workers and expats abroad have sent $14 million through the official channels. The amount is 28 % higher than the corresponding period last year and 4% higher than last month, October 2017. Remittances in the first five months of 2017-18 fiscal totaled US$69 million , which is 10.7% higher than the same period last year, according to Bangladesh Bank data. According to media reports, the government has taken measures to increase manpower export and ensure that the money is sent through proper banking channel, which are paid off.
    Export earning to hit $60b by 2021
    Works are underway to ensure the annual income from export of the country will hit $60 billion by 2021. After independence Bangladesh used to earn just $348 million annually from export but now the country earns $38.5 billion annually and target has been set to raise it to $60 billion by 2021. Though the country faced some crisis due to flood this year, it can be mitigated with a target production of 380 million tonnes, which can facilitate enough surplus food product for the country, according to experts.

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