$48bn export target announced for FY21

[Black_cats]

$48bn export target announced for FY21

ECONOMY
TBS Report
16 July, 2020, 05:20 pm
Last modified: 16 July, 2020, 05:27 pm

The government set the target considering the current global economic scenario
File Photo: Mumit M/TBS

File Photo: Mumit M/TBS

The government has set an export target of $48 billion for the fiscal year (FY) 2020-21 where exports of products would contribute $41 billion and services $7 billion.

Commerce Minister Tipu Munshi announced the target on Thursday during an online meeting with the stakeholders.

"The government has set the export target considering the present global economic scenario," said the minister.

The government announced an export target of $45.5 billion from products for the FY20 but the earnings fell by 16.93 percent to $33.67 billion.

The country earned $40.53 billion from export in the FY19.

It set the export target for the services sector at $8.5 billion for the FY20 but earned 6.39 billion.

Also, the apparel exports fell by 18.12 percent to $27.94 billion in the FY20 from $34.13 billion in the FY19.

However, the new export target for the sector is $33.78 billion – with a 20.88 percent projected growth.

The government expects the exports of knitwear products to contribute $16.70 billion and woven products $17.09 billion to national earnings.

https://tbsnews.net/economy/48bn-export-target-announced-fy21-107164

 

[bluesky]

The government has set an export target of $48 billion for the fiscal year (FY) 2020-21 where exports of products would contribute $41 billion and services $7 billion.

Everything would have gone well except that Corona is ruining our source of livelihood. We exported less last fiscal and I do not really think it is possible export $48 billion this fiscal unless the pandemic is brought under control soon.

Can @UKBengali tell us what is the latest news on vaccines and/or remedy?

 

[UKBengali]

Can @UKBengali tell us what is the latest news on vaccines and/or remedy?

This is off-topic but since you asked......

Very good news just announced about the Oxford vaccine:

Results of 1st human trails in the UK have just come out from 500 volunteers in the UK that were injected with the vaccine back in April.

They all generated both antibodies and also the T-cells in their immune response to the vaccine. This means that the vaccine looks like it will be able to stop someone from getting infected from the virus in the first place.

Now just waiting for the results of the 3rd phase trial in the UK/Brazil/S Africa and that should be available in August.

 

[bluesky]

They all generated both antibodies and also the T-cells in their immune response to the vaccine. This means that the vaccine looks like it will be able to stop someone from getting infected from the virus in the first place.

since it is off-topic, please say in short what is this T-cell.

 

[UKBengali]

since it is off-topic, please say in short what is this T-cell.

I don't have the medical knowledge to explain properly but it is another mechanism by which a human body can protect against viruses like anti-bodies. Some people can fight off viruses just with T-cells without ever needing to produce anti-bodies.

T-cells can also last in the body for years, as opposed to maybe months for anti-bodies and so any vaccine that can produce an immune response where both are produced is likely to be more successful. The other vaccine in development that has been proven to produce both anti-bodies and T-cells is one of the US ones.

According to WHO, the Oxford vaccine is the frontrunner and the UK also has another vaccine from Imperial College that uses a different kind of technology.

I am not sure whether you heard but the UK also found a steroid treatment(widely available) that can reduce deaths by 35% for those that need to be put on ventilators.

 

[Bilal9]

I don't have the medical knowledge to explain properly but it is another mechanism by which a human body can protect against viruses like anti-bodies. Some people can fight off viruses just with T-cells without ever needing to produce anti-bodies.

T-cells can also last in the body for years, as opposed to maybe months for anti-bodies and so any vaccine that can produce an immune response where both are produced is likely to be more successful. The other vaccine in development that has been proven to produce both anti-bodies and T-cells is one of the US ones.

According to WHO, the Oxford vaccine is the frontrunner and the UK also has another vaccine from Imperial College that uses a different kind of technology.

I am not sure whether you heard but the UK also found a steroid treatment(widely available) that can reduce deaths by 35% for those that need to be put on ventilators.

@UKBengali bhai if you don't mind, let's discuss it in a new thread. There are doctors or medical students who can chime in...

 

[Nike]

Planting rice and more farm for foods, they will be needed urgently for the next few years ahead.

 

[idune]

Awami League propaganda chief @Black_cats - you did not even think that in current reality, Awami League target and development propaganda looks even more miserable.

 

[Black_cats]

Awami League propaganda chief @Black_cats - you did not even think that in current reality, Awami League target and development propaganda looks even more miserable.

Wow see everyone who is back!

 

[Imran Khan]

its realistic target ? i think world have no money these years because of corona

 

[X-ray Papa]

its realistic target ? i think world have no money these years because of corona

Ask the jews, they control money.

 

[Imran Khan]

Ask the jews, they control money.

jews are not the costumers of BD exports sir .

 

[X-ray Papa]

jews are not the costumers of BD exports sir .

If they give some money to west, they can afford our products

 

[bluesky]

I don't have the medical knowledge to explain properly but it is another mechanism by which a human body can protect against viruses like anti-bodies. Some people can fight off viruses just with T-cells without ever needing to produce anti-bodies.

T-cells can also last in the body for years, as opposed to maybe months for anti-bodies and so any vaccine that can produce an immune response where both are produced is likely to be more successful. The other vaccine in development that has been proven to produce both anti-bodies and T-cells is one of the US ones.

According to WHO, the Oxford vaccine is the frontrunner and the UK also has another vaccine from Imperial College that uses a different kind of technology.

I am not sure whether you heard but the UK also found a steroid treatment(widely available) that can reduce deaths by 35% for those that need to be put on ventilators.

Thanks for the informative post. You are not affiliated with medical science, yet, a naive like me could understand what you wrote. I hope vaccines and remedies both T-cell and anti-body types are innovated fast.

Anyway, a big export projection by BD must be supported by innovation of anti-pandemic medicines. Exports cannot sustain and enlarge without this.