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Bangladesh has secured the second position among countries successfully exporting value-added products to the U.S., trailing Cambodia and outpacing Vietnam, according to the latest IMF report. Cambodia leads with a 21% growth in value-added exports, while Bangladesh recorded a 20% increase, primarily driven by ready-made garments, leather goods, and handicrafts. The IMF highlights that Asian countries heavily depend on markets in Europe and the U.S. for foreign currency through exports and remittances. Strengthening value addition in products enables higher export opportunities, fostering competition among exporters. While Sri Lanka maintained steady exports, other nations saw a decline. Countries like Japan, Malaysia, South Korea, India, and Thailand lagged in boosting value-added export growth. The report also kept Bangladesh’s GDP growth forecast at 4.9% for the current fiscal year.

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