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Dhaka to set up liaison office in Dubai to boost jute export

Brussels office to close within a couple of months
Bangladesh will set up a permanent liaison office in Dubai within a couple of months by closing Its present office in Brussels for expanding Jute and lute-goods business In the Middle ELast, reports UNB.
State Minister for Jute AK Faezul Huq disclosed the plan at a meeting with the prospective Jute-goods buyers of the UAE at the Consulate General of Bangladesh on Wednesday.
The minister, leading an eight-member delegation, visited UAE from Tuesday to Thursday on way to his official visit to Cairo, Khartoum and New York.
"Bangladesh attaches much importance to Dubai in promoting or expanding export of Jute and jute-goods due to its unique position as a commercial hub and re-export centre." the minister said.
The minister said present government had undertaken a number of measures in producing diversified products from Jute and in balancing, modernising and replacing (BMR) the existing Jute mills.
Following these measures, the jute mills of Bangladesh are now capable of producing high-quality Jute goods with compet-Itive prices, ne said. So. the demand for Bangladeshi Jute
goods on the world market has been growing steadily.
Although exports from Bangladesh to the UAE could not develop to an expected level in the past, the volume had sharply Increased from 1 1.57 million US dollars in 1996-97 to 28.43 million US dollar in 1997-98 with a growth rate of 145 per cent.
During the period from July 1998 to June 1999. Bangladesh's exports to the UAE touched 19.768 million dollar mark, but he said it could have been more if the country was not affected by devastating floods.
However, during the last nine months to March, exports from Bangladesh to the UAE stood at 22.789 million US dollars against the target of 21.35 million.
The minister said though the trade balance during recent years had been heavily In favour of the UAE due to bulk Import of crude oil and some other merchandise by Bangladesh from the emirates. Dhaka would explore the possibilities of the UAE as a potential export market.
During the meeting, the buyers drew attention of the state minister to various issues, including higher prices of
Bangladeshi Jute goods compared to other producing countries. delays in getting response from the exporters on prices and other related information and non-avallability of direct shipping lines between the two countries and delays in shipment.