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Welcome to Export Competitiveness for Jobs (EC4J) Project
This six-year project is aimed to support Government of Bangladesh’s export diversification targets. The project isdesigned to enhance growth and competitiveness of selected sectors beyond Ready-Made Garments (RMG), and to create more and better job opportunities. The project will focus on four priority sectors in which Bangladesh has a demonstrated comparative advantage, or sectors that provide essential inputs in export-oriented manufacturing value chains. These sectors are: (i) Leather and Leather Goods;(ii) Footwear; (iii) Light Engineering;and(iv) Plastics. The project objective is to contribute to export diversification and more and better jobs in targeted sectors.
What is there for the Private Sector to benefit from the Project:
The project will support the private sector companies in these targeted sectors to address some of the key constraints they face in accessing export markets; enhancingproductivity; improving environmental, social and quality standards; and collective infrastructure facilities. The project interventions have been designed to benefit companies that are in the export market or have the potential and are aspirationing to access export markets. Small and medium enterprises in these sectors are also expected to benefit from the project, particularly those integrated into export value chains.
Key highlights of the Project:
1. Undertake programs to create awareness about markets; gather market intelligence, market and product specific branding initiative.
2. Export Readiness Fund (ERF) – matching grant a challenge fundto directly assist firms with environmental, social and quality (ESQ) assessments, and incentives to implement improvements.
3. Sector-specific technical training on ESQ and reference materials such as compliance handbooks, etc.
4. Establish four technology centers to enable enterprises to access modern technologies, advanced skills and other relevant business development services.
5. Establish four technology centers to enable enterprises to access modern technologies, advanced skills and other relevant business development services.
Market Access Support Program will support firms to access international markets and integrate in global value chains. It will engage at the sector and firm levels to increase their investment to meet national, international and buyer-specific environmental, social and quality (ESQ) standards. This will be implemented through nation-wide awareness building, institutional capacity building, and matching grants to improve compliance standards at the firm level. Additionally, this component will support capacity building for market intelligence for key markets and sector-level branding.
Productivity Enhancement Program will support establishment of four tTechnology cCenters (TCs) within proximity to existing production clusters. The TCs will enable access to modern technologies, mold &dye design making, design facilities, testing and calibration services, training of technical workforce,business advisory services, job works, etc.
Public Investment Facility for Infrastructure Constraints will support the development of selected infrastructures in industrial clusters of the targeted sectors such as connecting TCs with utility services;constructing access roads, establishing recycling management and storage facility, last mile connectivity, etc.
The Project Implementation Unit (PIU) formed by the Ministry of Commerce is leading the implementation in close collaboration with relevant stakeholders. Ministry of Industries, Business Promotion Council, and relevant Industry Associations were engaged during development of the Pproject, and will continue to be implementing partners. This project (EC4J) team is also coordinating the implementation of the complementary technical advisory project 'Sector Competitiveness Advisory', implemented by the International Finance Corporation(IFC).
EC4J Project will contribute to following Government Strategies
1. Exports worth US$60 billion in 2021 with sectoral diversification.
2. FDI to be increased to US$9.56 billion by 2020.
3. SDG target of doubling exports by 2020.
Project Fact Sheet
Name of the Project : Export Competitiveness for Jobs (EC4J)
Project Duration : 2017 - 2023
Implementing Ministry : Ministry of Commerce
Total Project Costs : US$ 119.12mn
IDA Credit : US$ 100mn
GoB Contribution : US$ 19.12mn
Projected Approved : June 01, 2017
Project Effectiveness : December 18, 2017
Strategic Partners : Industry Associations