Export Promotion Bureau (EPB) – Driving Bangladesh's Export Growth
The Export Promotion Bureau (EPB) is a government agency under the Ministry of Commerce, Bangladesh, dedicated to developing, expanding, and facilitating the country’s export sector. EPB plays a pivotal role in promoting Bangladeshi products and services in international markets, supporting exporters through market research, trade facilitation, financial incentives, and international trade fairs.
Core Functions and Services
EPB is responsible for implementing Bangladesh’s export policies, ensuring that businesses receive the necessary support to expand their global footprint. The agency's key services include:
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Export Development:
- Formulating and executing national export policies.
- Identifying potential export markets for Bangladeshi goods.
- Facilitating export diversification initiatives.
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Market Research & Trade Information:
- Conducting global market analysis to help exporters identify opportunities.
- Publishing trade reports, export data, and industry trends.
- Assisting businesses with tariff, compliance, and regulatory information.
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Training & Capacity Building:
- Organizing workshops and training sessions for exporters and trade professionals.
- Providing export-related technical assistance and capacity-building programs.
- Conducting entrepreneurship development initiatives for SMEs.
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Trade Promotion & International Exhibitions:
- Coordinating Bangladesh’s participation in global trade fairs and exhibitions.
- Organizing B2B meetings and trade delegations for Bangladeshi exporters.
- Supporting branding and marketing efforts for Bangladeshi products.
Economic Impact and Export Growth
EPB plays a crucial role in accelerating Bangladesh’s export growth, contributing to the country’s economic stability and job creation. Key export data includes:
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Total Export Revenue: Exceeded $55 billion in FY 2022-23, a 15% increase from the previous year.
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Top Export Sectors:
- Ready-Made Garments (RMG) – $46 billion+ in exports, accounting for over 80% of Bangladesh’s total exports.
- Textiles & Home Furnishings – Growing demand in Europe, North America, and Asia.
- Agricultural & Processed Foods – $2.5 billion in exports of jute, tea, and frozen foods.
- IT & Digital Services – Exports surpassed $1 billion, with significant growth in outsourcing and software services.
- Pharmaceuticals – Fast-growing industry with exports to 150+ countries.
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Key Export Destinations:
- European Union (EU) – Bangladesh’s largest trade partner, accounting for 50%+ of total exports.
- United States (USA) – A major importer of apparel, leather, and seafood.
- United Kingdom (UK) – Significant market for RMG, jute, and pharmaceuticals.
- Asia & Middle East – Emerging demand for Bangladeshi textiles, electronics, and processed foods.
Export Promotion and Global Trade Participation
EPB actively supports Bangladeshi businesses in entering global markets through strategic programs:
- Trade Missions & B2B Networking – Facilitating business partnerships between Bangladeshi exporters and foreign buyers.
- Market Access & Compliance Support – Assisting businesses with export certifications, trade regulations, and documentation.
- International Trade Fairs & Exhibitions – Coordinating Bangladesh’s participation in over 50+ global trade shows annually.
Recent Bangladesh Export Promotion Events include:
- Heimtextil (Germany)
- Texworld USA
- SIAL Food Expo (France)
- Canton Fair (China)
- Dubai Expo
Strategic Partnerships & Global Trade Agreements
EPB collaborates with international trade bodies and economic organizations to enhance Bangladesh’s export competitiveness. Key collaborations include:
- WTO (World Trade Organization) – Advocating for Bangladesh’s trade interests globally.
- EU GSP+ Trade Preferences – Facilitating duty-free exports to European markets.
- Bilateral Trade Agreements – Strengthening economic ties with India, China, Turkey, and Gulf nations.
- Bangladesh Regional Connectivity Projects – Expanding trade links with South Asian and ASEAN markets.
Certifications & Compliance Standards
EPB ensures that Bangladeshi exporters meet international trade and quality standards. The agency supports exporters in obtaining:
- ISO 9001:2015 – Quality Management Certification.
- Global Organic Textile Standard (GOTS) – Required for textile and apparel exports.
- HACCP & ISO 22000 – Food safety certifications for agricultural and seafood exports.
- BSCI & SEDEX – Ethical trade and supply chain compliance for manufacturers.
These standards help Bangladeshi businesses secure contracts with global retailers and international buyers.
Competitive Advantages
EPB’s strategic initiatives, trade facilitation, and export incentives make Bangladesh a highly competitive global trade player. The agency's key advantages include:
- Global Leadership in Ready-Made Garments (RMG): Bangladesh is the world’s second-largest apparel exporter after China.
- Cost-Effective Manufacturing: Competitive labor costs and government incentives attract foreign investors and buyers.
- Strong Government Support: Policies promoting export diversification, logistics improvement, and business-friendly reforms.
- Growing Digital Economy: Government-backed initiatives to boost IT exports and e-commerce businesses.
Success Stories of Bangladeshi Exporters
EPB has helped numerous Bangladeshi businesses expand globally, creating jobs and economic growth:
- Apparel Export Growth – RMG exports increased by 18% YoY, securing multi-billion-dollar contracts with global brands.
- Pharmaceutical Industry Expansion – Bangladesh now exports pharmaceuticals to over 150 countries, generating $1.7 billion in revenue.
- Agro-Based Exports Boom – Bangladesh’s processed food exports grew by 22%, reaching new markets in Africa and the Middle East.
Future Growth & Strategic Vision
EPB aims to further enhance Bangladesh’s export potential by focusing on:
- Achieving $80 billion+ in annual exports by 2027.
- Expanding high-value export industries, including technology, healthcare, and engineering services.
- Developing Export Processing Zones (EPZs) to attract foreign investments and manufacturing hubs.
- Strengthening Bangladesh’s participation in regional and global trade blocs.
With strategic trade policies, global market integration, and ongoing investment in export sectors, EPB continues to drive Bangladesh’s economic growth and international trade success.
For Bangladeshi exporters, global trade partners, and international investors, EPB provides customized trade solutions, market access assistance, and strategic business support to maximize export potential.
