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Govt expects export growth of 15% in 2007

27
Feb '07
This year, exports are expected to reach US $100.6 billion at a growth rate of 14.5 percent compared to 19.7 percent in last year, sources informed.

Government is also planning to increase commodities that contributed to 44.8 percent of last year's total exports.

The commodities included are textile products, shoes, rubber and its products, furniture and some others.

The 15 countries it is going to export are China, Japan, the United States, the Netherlands, Germany, Britain, Span, Singapore, India, Malaysia, South Korea and the Philippines.

In 2007, export to these countries is anticipated to reach 50.7 billion compared to 43.7 percent in last year, an increase of 15.9 percent.

Even expected slowdown in international market, which will decline to 7.9 percent compared to 8.9 percent in 2006, will also hamper the export growth of the country.

Moreover, infrastructural problems would limit import of raw material and exports that can cause high economic cost.


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