Conclusion of the 19th Dhaka International Trade Fair (DITF)-2014
Staff Correspondent, Dhaka; April 24, 2024: The curtains have closed on the month-long 19th Dhaka International Trade Fair (DITF)-2014, marking the end of an eventful chapter in Bangladesh's commercial landscape. Despite concerted efforts to stimulate business activity, the fair witnessed a decline in spot orders, casting a shadow over its potential as a lucrative business opportunity.
Traders from a multitude of countries including India, China, Pakistan, Malaysia, the UAE, Singapore, Thailand, the US, and Turkey participated in the fair, showcasing a diverse range of products and services. A total of 480 stalls, pavilions, and mini pavilions were allotted to both local and foreign companies, underscoring the fair's significance as a platform for international trade.
Co-organized by the Export Promotion Bureau in collaboration with the commerce ministry, the fair fell short of expectations, generating nearly 50 percent less revenue compared to the previous year. While the DITF-2013 amassed Tk 157 crore in spot orders, this year's edition concluded with a total of Tk 80.44 crore.
Commerce Minister Tofael Ahmed officially announced the closure of the DITF-2014, expressing optimism about the country's export potential. He emphasized the need for concerted efforts to bolster export earnings, setting a target of US$ 50 billion within the next five years. Acknowledging the successful conclusion of the fair, he urged local participants to leverage their experiences to propel Bangladesh's export sector forward.
The fair, which typically commences on the first day of the year, faced initial challenges due to political unrest, prompting a delayed inauguration by Prime Minister Sheikh Hasina. Despite apprehensions of low sales and attendance, the fair gained momentum as the political climate improved, gradually attracting increased interest from both traders and visitors alike.
While the DITF-2024 may not have met its lofty expectations in terms of revenue generation, it served as a testament to Bangladesh's resilience and potential in the global market. As stakeholders reflect on the outcomes of this year's fair, they are poised to leverage lessons learned to drive future growth and prosperity in the country's export sector.
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