Trade & Commerce >> Export Policy of Bangladesh >> Product-Specific decisions

Product-Specific decisions

(in inglese)
 

Readymade Garments :

  1. Provisions have been made for the exporters of readymade garments to retain in their respective foreign currency accounts the portion of their export earnings required for meeting the expenses on importing fabrics and other accessories through back-to-back letter of credit. The exporters that way shall be saved from incurring losses by first converting their export earnings to Taka and then re-converting the same to foreign exchange for payment of import bills on raw materials.
  2. For making hand-woven sweaters of natural and synthetic wool imported under customs and permission would be accorded to take up such wool outside the bonded area, provided the concerned firm furnishes a bank guarantee for equivalent amount of customs duty leviable on such raw materials.
  3. Import of samples for each category of garments : At present, facility exists for duty free import of 20 pieces of samples for each category of garments subject to a maximum of 100 pieces. Imported samples are, however, subject to mutilation at the customs paid.
  4. Rationalizing the rate of value addition:
    1. It has been found that keeping the rate of value addition flexible is congenial for the growth of the country's export trade. Therefore a Standing Committee will be formed for rationalizing the existing rates of value addition for all commodities including readymade garments.
    2. When a garment export unit relies exclusively on locally procured cotton and accessories through back to back L/c the maximum amount of back to back L/C in case of knitwear unit would be equal to the value of the master L/C.
  5. Import of grey clothes : With a view to expanding the base of backward linkage industries, permission is being accorded for import of grey clothes, through usual procedure for use in the export industries or for direct export against specific export orders. So long this facility used to be given only to the dyeing, printing and finishing factories. Since value addition in the readymade garments sector did not take place up to its potentialities inspite of this facility the government has allowed the exporters of readymade garments to import grey clothes.
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Frozen Fish:

  1. Emphasis has been laid on scientific cultivation of shrimps for increased production and export of shrimp. With this end in view, various programmes including setting up of a Shrimp Development Board, declaring shrimp hatchery as an 'industry',setting up of a Credit Assurance Fund for extending loan facilities to the shrimp cultivators and lowering of customs duty on import of equipments used in the cultivation of shrimps, will be taken up.
  2. Exporters having fish processing plant will be considered for allotment of one hundred acres of 'Khas' land for cultivation of shrimps applying modem techniques.
  3. Bank loan on easy terms will be made available on priority basis to the frozen food processing plants for the implementation of the HACCP system.
  4. In an effort to strengthen the quality control system of frozen food, arrangements will be made for import of essential quality control equipments free of customs duty.
 

Cultivation of Bamboo, Cane and Coconut:

  1. Sac Inspestance has been given to plan cultivation of bamboo, cane and coconut keeping in view the need to increase supply of local raw materials to the handicrafts sector.
  2. A Design Centre will be set up to improve the quality of handicrafts.
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Tea Industry:

  1. Land under most of the tea estates at present do not enjoy long term lease which is a limiting factor for development activities of tea estates. To remove such impediment, land under the tea estates will be leased out on long term basis.
  2. Tea estates will be provided with soft term bank loans for modernizing the plants to achieve high yield and improve quality of products to strengthen sustain ability in the international market. Development credit will also be considered for sick tea estates.
  3. To encourage export of package tea duty drawback at that rates on FOB value will be provided on import of packing materials.
  4. General waiver for shipment of goods will be granted in an effort to increase the export of tea.
  5. Import of multiwall paper sacks on concessional customs duty for packing of tea will be allowed.
  6. To establish reputation and brand name of Bangladeshi tea in overseas markets publicity measures will be strengthened.Liaison shall be maintained, for this purpose, with reputed blending and distributing agencies.
 

Jute Industry:

  1. Reform programmes will continue for the development of the jute sector.
  2. For developing the export of jute and jute goods, wide publicity will be undertaken abroad highlighting the comparative advantage as a natural fibre. Steps will also be taken to demonstrate the diversified uses of jute goods.
  3. As an incentive to export jute yam and twine, marketing assistance at the rate of 10% ofF.O.B. value is being extended to the exporters of this sector for a period of three years commencing from 1997.
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Other Sectors:

  1. Six V-SAT lines have already been established to facilitate increase of the export of software. Steps will be taken to install more lines/connections to further increase export from this sector.
  2. Realizing the importance of software as a potential export sector a committee was formed to recommend on the potentialities and technical aspects of the sector. In the light of the recommendations of the committee, the sorts is considering to offer some more facilities to this sector.
  3. A jewellery export policy incorporating various facilities has already been formulated to provide necessary impetus to the jewellery and diamond cutting industry. Formulation of a diamond cutting policy is in its final stage.
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