Export Policy Order
Export Policy 2012-2019
International trade regime is continuously
undergoing huge changes because of globalization and liberalization of trade as
well as gradual evolving of market economy. The Trade policy predominantly aims
at making the economic activities dynamic and outward-looking in order to help
Bangladesh survive in the rapidly changing and competitive global trading
system. This necessitates increasing involvement of women in trade expansion
activities through reduction of discrimination between men and women, No doubt
the increasing involvement of women will play a positive role in the economic
development of the country through strengthening our economic foundation.
Besides, it will help our exporters and producers get equipped with more strength
and competitiveness required to face the challenges of the changing global
trade. In this backdrop, the government is facilitating expansion of trade.
International trade is being carried out through different rules and
regulations after the World Trade Organization (WTO) came into being. The
Government is taking necessary steps to modernize and simplify the Trade Policy
keeping in conformity with the WTO obligations and the country’s commercial
interests. External trade is facing fierce competition in the context of trade
liberalization resulting from globalization. Export Policy 2012-15 has been
formulated with a view to consolidating, sustaining and expanding the export
growth of Bangladesh in the competitive international trade regime alongside making
the overall economic activities more dynamic and outward-looking.
Vision-2021 as envisaged by the present
government aims at, among other things, elevating Bangladesh to a middle income
economy by 2021 through socio-economic development. Expansion of export trade
is a must for achieving the higher growth rate of national income, and the
current Export Policy has attached particular importance to the matter. All-out
efforts are underway to improve the quality of the products through fulfillment
of various compliance conditions alongside augmenting productivity for
consolidating and diversifying the export. Besides, the changing trend of the
global economy underpinned by globalization is impacting on our export market.
Hence, the trend of global economy and internal trade will be monitored
continuously. Simultaneously, initiatives will be taken to enhance the
efficiency of the exporters regarding the rules and regulations of
international trade.
Making quality products is one of the tools to
enhance export trade. The Industrial Policy includes various steps for domestic
industrialization, conducive to the increase of the production of exportables
of the country. Diversified products of jute and leather industry are in high
demand in the world market. To this end, guidelines have been given for
capacity enhancement, technological development and exploring market access for
jute and leather industry. Moreover, necessary steps have been taken for the
development of the prospective export sectors such as light engineering
industry, agricultural products and computer software etc. The present Export
Policy will play a supportive role in strengthening and consolidating the
economic foundation of the country through more integration of women into the
commercial activities by way of development of small and medium enterprises
(SMEs).
Sustaining the ongoing export growth will call
for enhancement of the production capacity of the local export-oriented
industries, greater emphasis on the protection of the environment of
the factories, including fulfillment of the
compliance requirements, improvement of quality of the products and, above all,
strengthening of all-out efforts for the diversification of the products and
their markets. All these goals will be achieved only when we can utilize our
cheap labour to covert its comparative advantage into competitive edge. In
doing so, labour-intensive export industries will be encouraged, massive
training programs will be organized to hone the skills of the workers and
various incentives will be doled out to encourage and diversify exports.
Besides, loan facilities at reduced interest will be arranged, infrastructural
development activities will be geared up, and establishment of backward and
forward linkage industries will be encouraged. Also, steps will be taken to
improve utility services, install state-of-the art laboratories for
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controlling and
testing the quality of exports, set up product-based industrial zones or
clusters, ensure easy availability of raw materials for exports, disseminate
updated information to the producers on markets and technology on a regular
basis, and ensure overall development of Chittagong and Mongla Ports including
further simplification of procedures for clearing goods.
Export Policy 2012-15 has underscored the need
for expanding export, enhancing the productivity of export-oriented industries
and facilitating the overall development of the export sector through capacity
building of the local export-oriented industries. Five Business Promotion
Councils are already in place under public-private partnership to enhance the
capacity and awareness of the exporters, and mitigate the supply constraints
paving the way for uninterrupted supply of exports. The scope of these councils
will be expanded gradually. The export earnings of Bangladesh witnessed growths
of 10.31%, 4.11%, 41.49% and 5.93% during fiscal years 2008-09, 2009-10,
2010-11 and 2011-12 respectively despite the fact that during these year many
countries experienced negative growths in the context of the global downturn.
Export Policy 2012-15 has been formulated on the basis of the recommendations
of a Consultative Committee consisting of representatives from the main
industries/trade associations, chambers, research organizations, concerned
ministries and government organizations to ensure the sustainability of the
export growths. It is expected that the Export Policy 2012-2015 will play
pivotal role in employment generation and poverty alleviation achieving desired
and projected growth of our export.
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5
Strengthening and expanding
the “Product based
Business Promotion Council”
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activities through joint
initiatives of public
and private sectors
to encourage the
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production and export of potential goods;
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1.2.4
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Providing assistance to producers and exporters in gathering market
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intelligence
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information regarding demands for commodities abroad, expanding
markets, ensuring
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competitive and higher price, etc.
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1.2.5
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Extending support to
export facilitating agencies
by introducing automation
and e-
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Governance for enhancing
work-efficiency and ensuring
transparency and
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accountability;
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1.2.6
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Providing assistance for
updating and modernizing
the over-all trade
system by
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ensuring the best use of all modern technologies including e-Commerce
for making
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the export products
more competitive through
reducing cost of
doing business,
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increasing production, expanding market and reducing lead time;
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1.2.7
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Disseminating latest information to the exporters on export markets
and technology to
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facilitate diversification of exports;
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1.2.8
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Creating training
opportunities and establishing sector-specific training
institutes for
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workers, staff and management personnel to increase productivity;
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1.2.9
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Encouraging promotion of
export through increased
institutional facilities including
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trading and export houses;
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1.2.10
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Providing assistance in establishing internationally accredited
certification system to
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ensure the quality of the products;
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1.2.11
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Encouraging the establishment of
product-wise design centers
for improvement of
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product designs;
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1.2.12
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Assisting producers in using modern technology for production;
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1.2.13
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Providing supports to the exporters to get acquainted with the working
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procedures
of
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significantly successful exporting countries;
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1.2.14
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Providing various financial
and tax subsidies
or incentives including
low-interest
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loans to exporters;
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1.2.15
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Reducing lead time in export by means of improvement of port
management and
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infrastructure, simplification of procedures for clearing goods, and
improvement of the
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transport system;
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1.2.16
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Organizing single country Trade Fair for Bangladeshi products in
different countries,
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sending trade missions abroad and supporting the exporters to
participate in
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international fairs under the initiatives of exploring new market for
product branding and
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diversification;
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1.2.17
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Taking all necessary initiatives for achieving duty-free market access
to developed and
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developing countries, including the United States with a view to
expanding markets for
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Bangladeshi products and services abroad;
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1.2.18
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Taking special initiatives to enhance exports of products and services
to South Asia,
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Middle East and other Asian and African countries;
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1.2.19
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Awarding CIP status and National Export Trophy
every year to the best
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exporters of
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different sectors in recognition of producing new products,
diversifying of products,
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enhancing exports, etc;
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1.2.20
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Reviewing country’s export situation at least once annually and
providing necessary
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directions by the “National Committee on Export”;
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1.2.21 Monitoring and evaluating the progress of
the implementation of the decisions of the “National Committee on Export” by
the Task Force established for this purpose; and
1.2.22 Identifying the problems related to export
and recommending possible remedies by the Export Monitoring Committee headed by
the Vice-Chairman of the Export Promotion Bureau, and represented by the
private sector, including FBCCI.
1.3 Application and Scope
1.3.1 Unless
otherwise stated, the Export Policy 2012-15 shall be applicable to exports of
all types of goods and services from Bangladesh;
1.3.2 The
Export Policy 2012-15 shall be effective from the date of its publication in
the Bangladesh Gazette, and shall remain in force until June 30, 2015. However,
this Export Policy shall remain valid until the next Export Policy is issued;
1.3.3 This
policy shall be applicable in all places in Bangladesh except the Export
Processing Zones (EPZs);
1.3.4 Any
tax/ tariff related decision reflected in the National Budget or declared by
the National Board of Revenue shall prevail over the Export Policy;
1.3.5 Whatever
is stated in this policy, any specific order related to export issued by the
government through any other order shall prevail over this policy even if the
said order is inconsistent with any provision of this policy; and
1.3.6 The
Government will review the Export Policy at least once a year, and make
modification, expansion or amendment, if necessary.
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General
Provisions for Export
2.0 Rules and Regulations to be
followed in Export of Products:-
The conditions stipulated in this Policy or in
any other related laws, and the rules and regulations related to foreign
currency exchange issued from time to time by the Bangladesh Bank have to be
followed in case of export of goods from Bangladesh.
Besides, relevant documents required under the
above- mentioned conditions and rules and regulations have to be submitted.
2.1 Control
of Export of
Products: Under this Policy, export of products will be
controlled in the following ways, such as:-
2.1.1 Export Prohibited Products: Unless otherwise stated, products prohibited
under this Export Policy cannot be
exported. Annex-1 outlines the list of products whose exports are prohibited.
2.1.2 Conditional Export: Products which are exportable under certain
conditions can be exported only
after fulfilling those conditions. Such products have been listed in Annex-2.
2.2 Exportable Products: Unless otherwise stated, all other products
except the products under
prohibition as listed in Annex-1 and the products under conditional export as
listed in Annex-2 shall be freely exportable.
2.2.1 Nothing in this
policy shall be applicable to the following:
2.2.1.1 Store, equipment or spare parts of foreign
going ships, vehicles or aircrafts, and provisions declared as part of their
kitchen, or the baggage accompanied by the sailors or the crews and passengers
of those ships, vehicles or aircrafts;
2.2.1.2. Export of samples subject to fulfillment of
the following conditions:
a)
All products that are not included in the
prohibition list;
b)
A maximum of
US$ 7,000 worth of products (except medicine) based on the FOB (free on board)
price per exporter;
c)
Products sent free of cost as samples provided
that in case of medicine-
(1)
A maximum of US$ 60,000 if there is no export
L/C (letter of credit); or
(2) 10% of the total value of each L/C or a maximum
of US$ 10,000, whichever is less;
(3) Examining on a case-to-case basis, Bangladesh
Bank, if necessary, can increase these limits;
d)
For 100%
export-oriented garment industries, a maximum of US$ 10,000 worth of samples of
readymade garments per year;
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e)
The diamond
processing farms having bond licenses issued from the Customs Bond
Commissionerate or diamond producing/ diamond-studded jewellery processing
firms registered as producers with VAT Commissionerate, under National Board of
Revenue can send abroad cut and polished diamond/ diamond-
studded jewelery worth of US$ 50,000 annually
with a view to participating in international trade fair or showcasing for
export market development. In this case the samples must be brought back to the
country after the show. However, if the samples are sold, all sales proceeds
must be repatriated through legal banking channel and the amount of the
proceeds shall not be less than the value of the samples;
f)
Promotional
materials (brochure, poster, leaflet, banner etc.) of any price or weight;
g)
Gift parcel worth of US$ 1,000 or equivalent in
Bangladeshi Taka;
h)
Bona fide baggage of travelers traveling outside
Bangladesh; and
i)
Relief materials exported by the Government.
2.2.2 “Sample”
means limited quantity of goods which are easily identifiable and which do not
have any commercial value; and
2.2.3. “Gift parcel”
means gift materials sent through post or courier service.
2.3 Authority to relax export
control:- The Government showing appropriate reasons
can authorize the export of any product which is
otherwise prohibited under Annex-1.
Moreover, the Government can issue authorization, under special consideration, for
export, export-cum-import or re-export of any product.
2.4 Entre-port and Re-export:-
2.4.1 Entre-port
trade means such trade that involves the export of an imported product to a
third country at a price at least 5% higher than the import price, and without
any change whatsoever in the quality, quantity, shape or any other aspect in
this respect. Products under entre-port trade shall not be brought out of the
port area. However, in case of export through another port, the products can be
transported from one port to another under special permission from Ministry of
Commerce.
2.4.2 Import under entre-port trade: Products can be imported under entre-port trade through the ‘Import Permit’ on
returnable basis issued from the Office of the Chief Controller of Import and
Export on the basis of back-to-back L/C issued by the buyer. In case of such
entre-port import, the words ‘entre-port or temporary import’ need to be
mentioned in the goods declaration.
2.4.3 The
imported products shall not be brought out of the port boundary in cases where
the import port and the export port are the same.
2.4.4 In
cases where the import port and the export port are different, products may be
transported to the export port upon permission from the Customs Authorities on
payment of duty-taxes under duty-drawback or furnishing a 100% bank guarantee.
The products have to be exported within a specific period of time.
2.4.5 “Import
price” under entre-port trade shall refer to the declared CFR (Cost and
Freight) price of the product imported at the port of Bangladesh.
2.4.6 “Re-export” means the export of an imported product
within a specific period of time with a value addition of at least 10% to the
imported price by changing the quality or shape or both of the products by means
of local reprocessing.
2.4.7 Import
price in this case shall refer to the CFR price of the product imported at the
port of Bangladesh for re-export.
2.4.8 In
case of delivery from port and re-exportation of readymade garments that are
returned due to defects:
(1) For the readymade garments that have been
exported under the bonded warehouse system and have been returned due to
defects or for any other reason, the Chief Controller of Import and Export
shall issue the clearance permit for the delivery of such products from the
port and the subsequent re-export on the basis of no-objection from the
relevant lien banks and the Customs Authorities.
(2) For the readymade garments that have been
exported without the bonded warehouse license or using locally produced inputs
in their manufacture and have been returned, the relevant enterprises can take
delivery of such products from the port after obtaining clearance from the
Office of the Chief Controller of Import and Export submitting an undertaking
that such products shall be re-exported within one year. However, in case of
failure to re-export as per the undertaking, such products can be sold in the
local market after paying VAT payable at the local stage as per the existing
VAT Act and after repaying, only in the case of domestic inputs/fabrics, the
amount of VAT equivalent to the amount of drawback received as per
Mushak-11chalan.
2.4.9 Return of rejected fabrics:
(1) For the defective fabrics which the
supplier/exporter wants to take back and for which no foreign currency has been
remitted from Bangladesh, the Chief Controller of Import and Export shall issue
the clearance permit for the re-export on the basis of no-objection from the
relevant lien banks and the Customs Authorities.
(2) For the defective fabrics which the
supplier/exporter wants to take back and for which foreign currency has already
been remitted from Bangladesh, the Chief Controller of Import and Export shall
issue the clearance for the re-export of defective fabrics on the basis of
no-objection from the relevant lien banks and the Customs
Authorities. However, this clearance shall only be given after the
determination of
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the
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volume of defective fabrics through preparation of Inventory as per
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mutual consent
of
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the Buyer and Seller, and after inward of remittance of foreign
currency through TT or
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At Sight L/C or after replacement of an equal volume of products.
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2.5
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Unless otherwise stated, exports on the basis of L/C established by
foreign buyers.
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2.5.1
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Export opportunities
without L/C:- Exports
without L/C can be done against TT
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through buying contract, purchase order, advance payment under
sales contract
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and
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cash purchase agreement subject to the submission of EXP Form
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and Shipping Bill.
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2.5.2
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“Buying Contract” means a signed agreement between an exporter and an
importer
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for the purpose of exporting a product.
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2.6
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Temporary Exportation for
re-import :
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2.6.1 (1)
For sending machinery, equipment or cylinder abroad for the purpose of repair,
re-filling or maintenance etc, a bank guarantee equivalent to the value of the
goods shall have to be submitted to the Customs Authorities. In this respect,
an Export-cum-Import Permit from the Chief Controller of Import and Export has
to be issued.
(2) The above mentioned conditions will be
applicable for industrial enterprises, and in this respect the relevant
industrial enterprise shall have to furnish undertaking on the basis of
recommendation from the sponsoring authority.
(3)
In case of exports of turbines capable of
producing electricity (with or without gearbox) or similar machinery, it will
be necessary first to replace them through the import of turbines (with or
without gearbox) or other relevant machinery on the basis of L/C or conditions
in the agreement with turbine producing or overhauling companies. Then,
Export-cum-Import Permit will have to be obtained from the Chief Controller of
Import and Export in order to export the expired turbines (with or without
gearbox) to the supplier companies. In this respect, service charge/replacement
expense can be paid through establishing L/C on the basis of agreement with the
overhauling companies.
2.6.2 For
the purpose of repairing, replacement and only for refilling, imported cylinder
and ISO tank can be exported on a temporary basis.
Provided that an indemnity bond shall have to be
submitted to the Customs Authorities at the time of export stating that these
will be re-imported after completion of the necessary works;
2.6.3 Bangladeshi
exporters shall be allowed to export replacement product in case the product
exported is found defective as per sales agreement. However, the exporter shall
have to submit the following documents to the Customs Authorities:
a)
Copy of the Sales Agreement;
b)
Letter from the buyer with details of the
defective product; and
c)
Any other conditions to be fulfilled as per
Customs law.
2.6.4 A
person traveling to a foreign country can take his or her vehicle along on
condition of re-import, using a carnet de
passage issued by the Customs authority or any other appropriate authority,
or using an appropriate indemnity bond submitted to the Customs Authorities.
2.6.5 Re-exportation of Frustrated Cargo:- A frustrated cargo can be re-exported in compliance with the rules and
regulations of the Customs Act, 1969.
2.6.6 In
order to conduct their activities as per contract, the construction,
engineering and electrical companies shall be allowed to avail the temporary
export-cum-import facility for their machinery and equipment under the
following conditions:
a)
Relevant copies
of agreement and award have to be submitted to the Customs Authorities; and
b)
An indemnity
bond has to be submitted stating that the machinery shall be returned after the
completion of the task.
2.7 Pre-shipment
Obligations: - Unless
otherwise stated, pre-shipment certificate is not obligatory for export of any product.
2.8 Quality
Control Certificate:- In case of
export of products for which quality control certificate is obligatory, the exporter shall have to submit, to
the Customs Authorities, a quality control certificate issued by the
appropriate authority.
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Steps toward Export Diversification
3.1 Formation of Product and
Service specific Business Promotion Councils:
Ministry of Commerce has formed several sector
(product and service) specific Business Promotion Councils as a joint
initiative of the government and the privatesector within the scope of the
Company Act 1994 for diversifying export, improving and ensuring the quality of
products, acquiring appropriate technologies, fulfilling compliance
requirements, marketing of products etc. Necessary initiatives will be taken
under the Export Policy 2012-15 to strengthen and organize the activities of
these Councils as well as to encourage the formation of more such Councils. If
necessary different development projects and activities will be taken in
co-operation with the development partners to accelerate product and service
sector-based development activities. Such initiatives of the Ministry of
Commerce will complement the export promotion and export diversification
activities of the Export Promotion Bureau.
3.2 Classification of Product
and Service Sectors
3.2.1 Some
products sectors will be identified as “highest priority sectors” while some
others will be identified as “special development sectors” depending on the
level of production and supply, potential contribution to the export sector,
demand in the international market and above all the capacity to contribute to
the socio-economic development of the country. The government will regularly
modify this list, and provide special privileges to encourage the export of
these products.
3.3 Highest Priority Sectors
3.3.1 Highest
priority sectors will refer to those sectors which have special export
potentials, but such potentials could not be utilized properly due to certain
constraints, and more success is attainable if adequate support is rendered to
them. The sectors are:
1)
Agro-products and agro-processed products;
2)
Plastic Products;
3)
Footwear and leather products;
4)
Pharmaceutical products;
5)
Software and ICT products;
6)
Home textile;
7)
Ocean going Ship Building Industries;
8)
Furniture Industries;
9)
Terri Towel; and
10)
Tourism Industries.
3.4 Benefits and Facilities to
be provided to the Highest Priority Sectors
3.4.1 Project loans
at reduced interest rates on a priority basis;
3.4.2 Income Tax
rebate;
3.4.3 Possible
financial benefits or subsidies consistent with WTO Agreement on Agriculture,
and Agreement on Subsidies and Countervailing Measures, including concessionary
rates for utility services such as electricity, water and gas;
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3.4.5 Air transport
facilities at concessionary rates ;
3.4.6 Duty draw-back/
bond facilities;
3.4.7 Facilities
for setting up backward linkage industries including infrastructural
development for reducing cost of production ;
3.4.8 Expansion
of institutional and technical facilities to improve and control quality of
products;
3.4.9 Assistance in
production and marketing;
3.4.10 Assistance in
exploring foreign market; and
3.4.11 Necessary
initiatives to attract foreign investments.
3.5 Special Development Sectors
3.5.1 Product
sectors which have export potentials but whose production, supply and export
base are not consolidated will be included in special development sectors to
strengthen their export base. The following product sectors will be included in
the special development sectors:
(1)
Light engineering products (including auto-parts
and bicycles);
(2)
Electric and electronic products;
(3)
Jute products;
(4)
Hand loom fabrics;
(5)
Ceramic products;
(6)
Frozen fish;
(7)
Printing and packaging;
(8)
Rubber;
(9)
Uncut diamonds and jewelry; and
(10)
Cosmetics and toiletries.
3.6 Benefits and Facilities to
be Rendered to the Special Priority Sectors
3.6.1 Project loans
at comparatively low rate of interest on
a priority basis;
3.6.2 Consideration
for export loans on soft terms and at reduced interest rates;
3.6.3 Provide
subsidies in consistence with WTO Agreement on Agriculture, and Agreement on
Subsidies and Countervailing Measures;
3.6.4 Shipment of
products at reduced air fare;
3.6.5 Duty draw-back/
bond facilities;
3.6.6 Give
priority in getting utility services such as electricity, gas, telephone for
setting up backward linkage industries including infrastructural development to
reduce production cost;
3.6.7 Expansion of
technical facilities to improve the quality of
products;
3.6.8 Assistance in
marketing of product;
3.6.9 Assistance in
exploring for foreign market;
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3.6.11 Necessary initiatives
should be taken to attract foreign direct investments (FDI).
3.7 Inter-Sector Project for
Product Diversification
3.7.1.1 Inter-sector projects will be initiated with
an objective to facilitate diversification of products. Under the projects,
issues such as bond system, duty draw-back, subsidies etc. will be reviewed to
keep export price at a competitive level. Similarly, the project will assess and
take necessary steps regarding issues such as product development and market
expansion, trade cooperation and infrastructural constraints hindering export
trade. Project will be initiated to acquire modern technology promoting
expansion of export trade;
3.7.2 Strengthen
the export development activities of three export diversified products such as
traveling bags, toys and home appliances.
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Chapter Four
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General Export Facilities
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4.1
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Use of Foreign Exchange
Earned from Export :
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4.1.1
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Exporters can retain a certain amount of their export earning in their
foreign currency
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time to time. Under the existing foreign exchange dealing system,
exporters can use the
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retention quota balance for bona fide business expenses, (such as
business-related
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tour participation in export fairs and seminars; setting up and
management of offices
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abroad; importing raw
materials/capital
machinery; etc). Besides,
as the essential
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expense for export
promotion, retention quota
balance can be
used to pay
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remunerations of foreign marketing representatives or commission for
foreign agents.
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4.2
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Export Promotion Fund - There shall be an Export Promotion Fund (EPF) with EPB.
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The following facilities will be available from this fund:
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4.2.1
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Venture capital at lower interest rates and on soft terms for production of goods;
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4.2.2
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Support for obtaining
foreign technical assistance,
service and technology
for
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development and diversification of products;
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4.2.3
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Support for sending marketing missions abroad and participating in international trade
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fairs;
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4.2.4
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Assistance in possible cases, to set up sales and display centers as
well as warehouse
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facilities abroad;
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4.2.5
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Support for participating in
training programs abroad
on product development
and
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marketing to improve technical and marketing skills; and
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4.2.6
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Assistance in other
activities related to
development and expansion
of markets,
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including products and services.
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4.3
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Other Financial
Facilities :
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4.3.1
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The possibility of
providing tax exemption
and subsidy in service sectors such as
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electricity, water and gas, instead of cash incentives, will be
examined;
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4.3.2
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Initiatives will be taken to develop necessary infrastructure to
ensure uninterrupted
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supply of electricity, gas and water for all export-oriented
industries on priority basis;
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4.3.3
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Measures will be taken to fix
the electricity, water and gas charges
at a reasonable
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level for industrial use; and
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4.3.4
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Cash incentives may be provided in accordance with the provisions of
the WTO to
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potential export-oriented emerging sectors i.e. the sectors which are
capable of making
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products having demand in international market.
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4.4
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Funding for Export :
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15
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4.4.1 Financial
assistance will be provided from Export Promotion Fund (EPF) or Export
Development Fund (EDF) for the promotion of export;
4.4.2 Initiative
will be taken to provide facilities for back-to-back Letter of Credit for other
export items besides readymade garments; and
4.4.3 Loans
at lower interest rates and on soft terms will be made available for import of
capital machinery and raw materials to promote exports.
4.5 Export Credit :
4.5.1 Commercial
banks will consider, on a priority basis, providing the exporters credit of 90
percent of the amount mentioned in the irrevocable letter of credit or in the
confirmed contract;
4.5.2 Initiatives
will be taken to introduce online banking system to ensure prompt disposal of
export related matters and promote transparency in the banking sector;
4.5.3 Bangladesh
Bank will take necessary steps to ensure uninterrupted flow of normal credit
for the export sector;
4.5.4 Banks
will fix the exporters’ cash credit limit based on the achievements of export
earning of previous years and bank-client relation;
4.5.5 Commercial
banks will not impose overdue interest in case of the products exported on the
basis of site-payment under irrevocable letter of credit provided that the
exporter submits necessary export documents;
4.5.6 Bangladesh
Bank may open up an “Export Credit Cell” for arranging necessary fund for the
development of export sector. Similarly, commercial banks will set up “Special
Credit Unit” for arranging export fund;
4.5.7 There
shall be a high powered “Export Credit Monitoring Committee” under the
leadership of Bangladesh Bank to determine the demand of export credit, and
review and monitor the flow of credit ;
4.5.8 Banks will take
necessary steps to fix service charges at a reasonable level;
4.5.9 Initiatives
will be taken to establish/ strengthen banking facilities in order to expand
trade relations with Russia, other CIS countries, Myanmar and north-eastern
states of India;
4.5.10 Initiatives will be taken to provide financial
compensations, through creating a fund similar to the Export Credit Guarantee
Scheme (ECGS), to those exporters who have incurred losses;
4.5.11 Authorized dealers will be able to open
internal back-to-back L/C in favor of local raw materials suppliers under the
master letter of credit; and
4.5.12 In case of export, rate of interest, LC
commission, miscellaneous service charges, bank guarantee commission etc will
be kept as minimum as directed by Bangladesh Bank.
4.6 Rebate of Insurance Premium
:
16
4.6.1 Export oriented industries in the
non-traditional sector will get rebate for fire and shipping insurance
premiums. Under this system, the exporter may get rebate for paying premium
after shipment.
4.7 Incentives for Export of
Non-traditional Industrial Products:
4.7.1 Incentives
will be given to the export of non-traditional and new industrial products
having at least 40% value addition;
4.7.2 Fire
and shipping insurance will be fixed at a concessionary rate for
export-oriented industries.
4.8 Bond Facilities for Export
Oriented Industries:
4.8.1 The
National Board of Revenue will consider the possibility of providing bonded
warehouse facilities to import-dependent export industries. Especially, the
Board will examine whether bonded warehouse facilities can be extended to all
export-oriented industries. Besides, providing additional bonded warehouse
facilities to trading houses and export houses under certain conditions will be
examined.
4.9 Initiating brand names to
fetch higher price will be encouraged.
4.10 Providing
alternative incentives, instead of duty bond or duty draw-back to
export-oriented local textiles and readymade garment industries:
4.10.1 Government may provide subsidies (cash
incentives) as alternative incentives instead of duty bond or duty draw-back to
export-oriented local textiles and readymade garment industries, the rate of
incentive to be decided by the government. This incentive may be extended to
other sectors too.
4.11 Easing VAT Drawback on
Export-facilitating Services:
4.11.1 Simplified procedures will be put in place
for the draw back of paid VAT on export facilitating services such as C&F
services, telephone, telex, fax, electricity, insurance premium and shipping
agent commission/ bill.
4.12 General Facilities for
Export-Oriented Industries:
4.12.1 Industries exporting at least 80% of their
productions will be considered as export-oriented industries and they will be
entitled to receive bank loans and other financial benefits;
4.12.2 In case of industries exporting at least 80%
of their productions, initiatives will be taken to simply the procedures for
determining duties and taxes on remaining 20% products;
4.12.3 Exporters will
be provided assistance in order to be more compliant;
4.12.4 Assistance will
be provided for establishing Effluent Treatment Plants (ETP);
4.12.5 Duty free import of spare parts up to10 % of
total capital machinery will be allowed every two years for export oriented
industries; and
17
4.12.6 Concerned
authorities will take necessary steps to provide connection to utility
services, including electricity and gas in export-oriented industries on
priority and emergency basis.
4.13 Reduced Air fare for the
export of specially privileged products including
Fruits and Vegetables:
4.13.1 Biman Bangladesh Airlines will consider
measures for reduced air fare for the export of fruits and vegetables,
ornamental plants etc.
4.14 Withdrawal
of Royalty for the Expansion of Cargo Facilities of Foreign Airlines for Export
Purposes:
4.14.1 No royalty is applied for transporting
vegetables. Initiatives will be taken to provide similar incentives for
specially privileged products including fruits; and
4.14.2 Necessary
initiatives will be taken for enhancing the space in foreign airlines’ cargo services,
and transporting fruits, vegetables etc. at a reasonable fare.
4.15 Venture Capital Facilities
for export-oriented Small and Medium Enterprises:
4.15.1 Agricultural farms with at least five acre
size will be provided with venture capital facilities to encourage production
and export of vegetables, fruits, fresh flowers, orchids etc.;
4.15.2 Establishment of cool chains will be
encouraged to prevent quick putrefaction of the products. In this regard,
import of reefer vans and reefer containers will be encouraged; and
4.15.3 Initiatives will be taken to introduce SME
Credit Guarantee Scheme for increasing export in export-oriented industries.
4.16 Research and Development :
4.16.1 The National Board of Revenue will examine
the possibility of permitting duty-free import of machinery and equipment by
the exporting establishments for research and development purposes. Research
institutes may be provided this facility based on recommendations from the
Export Promotion Bureau.
4.17 Encouragement and Facilities
for Exports Based on Sub-Contracting:
4.17.1 An exporter can spend, before acquiring the
actual work order, a maximum of US$ 15,000 for communication, sending
representatives, traveling abroad, purchase of tender documents etc. An
authorization from Bangladesh Bank will be required if foreign currency
expenditure exceeds the above mentioned ceiling;
4.17.2 Permission will be given
for establishing offices and recruiting officials abroad; and
4.17.3 Individual professional guarantee/ insurance
will be provided by Sadharan Bima in favour of project specialists.
4.18 Issuance of Multiple Entry
Visa :
18
4.18.1 Foreign Investors and importers of Bangladeshi
products will be issued with multiple entry visas. For this purpose, Ministry
of Commerce may send recommendations to the commercial officials of Bangladesh
Missions abroad and to the Ministry of Foreign Affairs/Bangladesh Embassies.
4.19 Foreign Trade Related
Training :
4.19.1 Bangladesh Foreign Trade Institute has been
established for providing training on foreign trade. Adequate number of
workshops and seminars will be arranged on different trade related issues,
especially on WTO issues through this Institute.
4.20 Arrangement of
International Trade Fairs and Single Country Exhibitions, and
Participation in other
Market Promotion Activities Abroad:
4.20.1 Encouraging facilities will be provided for
participating in international trade fairs, single country exhibitions and
other market promotion activities in different countries, and organizing single
trade fairs abroad under joint initiatives of the government and the private
sector.
4.21 Strengthening Export
Related Training :
4.21.1 The Export Promotion Bureau will organize
trainings, seminars and workshops in different parts of the country to inform
the exporters of the rules and regulations regarding exports.
4.22 Setting up Permanent Fair
Complex and World Trade Center :
4.22.1 In order to expand export trade, initiatives
have already been taken to establish Permanent Fair Complexes and World Trade
Centers in Dhaka and Chittagong. The process will be accelerated; and
4.22.2 Assistance will be provided from the World
Trade Centers to expand and consolidate export trade through market
investigation and enhancing marketing skills.
4.23 Both
regular and product-specific trade fairs of international standard will be
organized in Bangladesh in order to invite foreign buyers, familiarize export
products among them and thus connect buyers and sellers.
4.24 Shipment of Products:
4.24.1 Initiatives will be taken to simplify
shipment/ transportation of products. Government will provide necessary support
if any exporter wants to charter aircraft ; and
4.24.2 The best use of modern technology and
automation system including one stop service will be ensured in order to
expedite customs related services for releasing imports and exports.
4.25 Direct Air-Booking System:
4.25.1 To ensure that fresh vegetables and other
perishable items from the northern part of the country reach their destinations
easily without losing their quality, direct air booking facilities for these
products from Rajshahi and Syedpur airports will continue.
4.26 Encouragement of Increased
Use of Local Raw Materials:
4.26.1 Composite knit/ hosiery textiles and
clothing manufacturing units will be encouraged to use more local raw
materials.
4.27 Establishment of Management
Information System (MIS):
4.27.1 Trade Information Centre (TIC) of the Export
Promotion Bureau will be further strengthened and modernized so that exporters
can receive necessary information easily.
19
4.28.1 Deemed exporters, like direct exporters,
will enjoy all export facilities including duty-draw-back. Local raw materials
used for producing exports and local products & raw materials used in
industries/ projects funded by foreign investments will be considered as
"deemed export”; and
4.28.2 Initiatives will be taken to consider direct
sales in foreign currency without tender as “deemed export”, and augment their
facilities.
4.29 Miscellaneous matters
4.29.1 A Trade
Facilitation Center will be instituted in Dhaka;
4.29.2 Establishment of special types of warehouse,
trading house, export house and trade center will be encouraged;
4.29.3 Initiatives will be taken to enhance the
capacity and efficiency of Export Promotion Bureau in order to expedite
settlement of export related trade disputes;
4.29.4 Steps will be taken to establish Product and
Service specific Development Institute/Council;
4.29.5 Initiatives will be taken to allow exporters
to recruit foreign agencies without prior authorization from Bangladesh Bank;
4.29.6 Steps will be taken to identify the benefits
provided to the least developed countries under the WTO rules, and make the
stakeholders aware of the benefits;
4.29.7 Exporting institutions will be encouraged to
acquire quality assurance-related ISO 9000 and environmental
regulations-related ISO 14000;
4.29.8 Codes with details description of exportable
products will be prepared in order to use the Harmonized Code followed by WTO
in L/C forms related to import and export;
4.29.9 Financial and revenue related incentives and
facilities will be reviewed at certain interval and necessary steps will be
taken as needed; and
4.29.10 In case
of export of agro and agro-processed products, special arrangements by
railways, roads, and water ways will be made available for domestic
transportation.
4.29.11 Under the
initiative and supervision of the Ministry of Commerce and with the help of
other relevant public and private sector organizations, a data bank will be
established andnaged udder the national trade portal. This data bank will
assist exporters, importers, banks & financial institutions, NBR and other
public & private sector stakeholders through providing information. The
data bank will contain information on the following issues :
· Product-wise export information regarding quantity and amount;
· Export value and sector-wise export earnings;
· Country-wise import amount and value;
· Country-wise production related data (for the
products that Bangladesh produces and exports);
· Import and export price index;
· List of influential and important marketing organizations of different
countries;
· Product-specific gap between supply and demand;
· Data on sector-wise investment and financing;
· Preferential rate of duty of different countries
(GSP, APTA, SAFTA, etc.);
· Rules of Origin criteria;
· Sanitary and phyto-sanitary requirements;
· Others.
20
Product-Specific Export
Facilities
5.1 Readymade Garments Industry
:
5.1.1 Steps
will be taken to reduce the "lead time” for export of readymade garments
by means of improvement of port management, simplification of procedures for
releasing goods, resolving electricity problems etc;
5.1.2 Initiatives
will be taken to set up “garments villages” at various places with adequate
infrastructural and utility facilities;
5.1.3 Steps will be
taken to establish waste water treatment plants in garments villages;
5.1.4 Assistance
will be provided to improve the working environment in the readymade garments
factories to reduce risks of accident and to fulfill the compliance
requirements at the factory level. Besides, initiatives will be taken to
formulate an integrated and reasonable compliance regulation with the help of
all stakeholders;
5.1.5 Initiatives
will be taken to provide trainings of different tenures to the workers and
staff of the garments industries to increase their productivity and facilitate
diversification of products;
5.1.6 Emphasis
will be given on diversification of products by improving skills of workers and
staff, and disseminating information to the entrepreneurs on products markets
and technology;
5.1.7 Steps
will be taken to send marketing missions abroad, arrange single country
textiles and readymade garments fairs abroad, and organize and participate in
international trade fairs at home and abroad so as to expand and consolidate
the markets for readymade garments;
5.1.8 Establishment
of backward and forward linkage industries will be encouraged;
5.1.9 Subject
to the submission of bank guarantee equivalent to the amount of duty for
imported raw materials, the enterprises without bond license will be allowed to
produce exportable hand-woven sweaters from natural and artificial wool outside
the bond areas;
5.1.10 An Advisory Board consisting of members from
Public and Private sector will be established for uninterrupted and ensured
supply of cotton;
5.1.11 Ministry of Commerce will take necessary
steps to coordinate financial and technical cooperation related to export
development of different development partners; and
5.1.12 Government will take initiative to develop a
Standard Unified Code of Compliance for the export oriented garment industries
of the country by integrating the requirements of the different countries and
buyers.
5.2 Frozen Fish Industry :
5.2.1 Cultivation
of shrimp for increasing the production of shrimp maintaining ecological
balance will be encouraged;
5.2.2 Venture
capital will be provided for producing, processing and exporting value added
products in the frozen food sector;
21
5.2.3 Initiatives
will be taken to establish “Seal of quality organization” or similar
organizations under public-private partnership to ensure the quality of shrimp
and shrimp products;
5.2.4 Necessary steps
will be taken to establish Accredited Testing Laboratory of high
quality under public and private or joint initiatives to ensure high
quality of products and
SPS (Sanitary and phyto-sanitary) related standards;
5.2.5 Setting
up of laboratories in the private sector will be allowed and steps will be
taken for research and remedial measures to improve the quality of shrimps and
protect them from diseases;
5.2.6 Import
of indispensable machinery for quality control will be encouraged so as to
strengthen the efforts for controlling the quality of frozen food. Department
of Fisheries and BCSIR will take initiatives to improve their accredited
testing laboratories;
5.2.7 In
order to reduce the risk of exporting contaminated frozen food, a special
supervision or traceability system will be developed for all the steps from
hatching to production of fish, processing and packaging;
5.2.8 Steps
will be taken to send marketing missions abroad, organize single country frozen
food fairs, arrange and participate in international trade fairs at home and
abroad so as to expand and consolidate the markets for frozen food;
5.2.9 All
possible steps will be taken to implement the “Vision-2015” formulated by
Bangladesh Frozen Food and Exporters Association (BFFEA);
5.2.10 A monitoring cell will be
formed to control the quality of exportable shrimps;
5.2.11 Assistance will be
provided to diversify fish and frozen fish products; and
5.2.12 Customs Authorities will ensure, before the
release of the goods, whether the imported fish-feed is usable or whether there
is any contaminated or prohibited substance in it. The Department for Fisheries
or the Ministry of Fisheries and Livestock will send the updated list of
prohibited substances to the Customs Authorities from time to time.
5.3 Handicrafts Made from
Bamboo, Cane and Coconut Fiber :
5.3.5 Steps will be
taken to set up artisans villages in Dhaka and other places;
5.3.6 Commercial
production of bamboos, cane and wood will be encouraged in order to ensure easy
availability of raw materials for handicrafts;
5.3.7 Export
of value added products made from bamboos, cane, water hyacinth and coconut
fiber will be encouraged;
5.3.8 Support
will be given for design development to bring novelty and diversity to handicraft
products. BSIC can take initiatives to establish a Design Center;
5.3.9 Steps
will be taken to send marketing missions abroad, organize single country
handicrafts fairs, arrange and participate in international trade fairs at home
and abroad to expand and consolidate the markets for handicraft products; and
5.3.10 Bangla Craft
will take necessary steps to improve the quality of handicraft products.
5.4 Tea Industry :
5.4.1 Initiatives
will be taken to bring fallow land within the tea estates under cultivation;
5.4.2 Steps will be
taken to rehabilitate sick tea gardens;
22
5.4.3 Measures will be taken to provide gas connection
in the tea estates to bring about price competitiveness;
5.4.4 All
co-operations will be extended to expedite the completion of leasing procedures
for tea estates awaiting completion of such procedures;
5.4.5 Banks
will be encouraged to provide loans on soft terms for modernization of tea
factories so as to improve the quality of tea and increase its production to
help its survival in the international market;
5.4.6 For
alleviating poverty, credit as well as other facilities will be provided to tea
producers of small farms;
5.4.7 Imported
packaging materials will be allowed duty draw-back/bond facilities on FOB price
to encourage the export of packet tea. Moreover, provisions will be made to
allow duty-free import of packaging materials through bank guarantee;
5.4.8 Steps
will be taken to send marketing missions abroad, and participate in
international trade fairs at home and abroad so as to expand and consolidate
the markets for tea; and
5.4.9 The
possibility of popularizing brand name for marketing Bangladeshi tea will be
reviewed. Established branding and distribution agencies will be contacted in
this regard.
5.5 Jute Industry :
5.5.1 An
integrated “plan of action” will be taken for development and diversification
of jute products to enhance the productivity of the jute industry by
strengthening research activities and undertaking certain activities such as
BMRE for some jute factories;
5.5.2 Obstacles
impeding export of jute and jute products to different countries will be
identified and necessary remedial measures will be taken to address those;
5.5.3 Initiatives
will be taken to popularize, through Bangladeshi Missions abroad, the use of
jute by emphasizing the environment-friendly attributes of jute;
5.5.4 Co-operation
will be extend to entrepreneurs for participation in international fairs and
exhibitions to promote markets; and
5.5.5 Government
support will be provided in establishing design development centres to bring
about diversity to jute products.
5.6 Leather Industry
5.6.1 Sick
leather industries will be allowed credit rescheduling facilities through
policy support;
5.6.2 Initiatives
will be taken to increase export through enhancing competitiveness of leather
and leather products in the international market by taking measures for
improving productivity and development of products.;
5.6.3 Local
production of import-substitute chemicals for leather processing, components
for footwear and accessories for leather industry will be encouraged. Foreign
or joint venture investment in this regard will be welcomed;
5.6.4 To
reduce losses at collection, preservation and processing levels, awareness
building initiatives and publicity will be strengthened regarding skinning of
animals, preservation, transportation of hides etc. In this case, arrangements
for separate training courses and workshops for butchers and leather traders
will continue;
23
5.6.5 Initiatives will be taken through the Leather
Sector Business Promotion Council involving the industrial entrepreneurs and
exporters for the overall development of this sector;
5.6.6 Foreign
and joint venture investments will be encouraged in leather products and
footwear industry;
5.6.7 Existing
bond facilities will be further simplified and updated for 100% export-oriented
leather industries;
5.6.8 Existing duty
and tax draw-back procedures will be simplified;
5.6.9 An integrated “plan of action” will be taken for development and diversification
of leather products to enhance the productivity of the leather industry by
strengthening research activities and undertaking certain activities such as
BMRE for sick leather industries;
5.6.10 Assistance will be provided to the
entrepreneurs for participation in international fairs and exhibitions to
promote markets;
5.6.11 Initiatives will be taken to establish
slaughter houses in the major cities of the country with the help of
municipalities;
5.6.12 All possible cooperation will be extended
for transferring the factories to the Tannery Village being developed in Savar;
5.6.13 Initiatives will be taken to establish a
centralized waste management plant in the Tannery Village in Savar, and
installation of clean technology will be encouraged;
5.6.14 Modern chemical laboratories and service
centers will be set up to ensure the quality of leather and leather products;
5.6.15 Steps will be taken to impart local and
foreign trainings to overcome the management crisis in the leather industry;
5.6.16 Cattle farming and import of raw hide during
lean season will be encouraged to ensure easy availability of raw hide;
5.6.17 Less use of
nitrogen and sodium chlorate in the leather industry will be encouraged;
5.6.18 Co-operation will be extended to improve the
business relations between tannery owners and agents to enhance the capacity of
the sales negotiation and marketing;
5.6.19 Tannery owners will be assisted in preparing
plans to produce finished leather from crust leather while transferring factory
units from Hajaribag to Savar Tannery Village;
5.6.20 Initiatives will be taken to make the design
development center more effective to bring diversity to footwear and leather
products;
5.6.21 Steps will be taken to modernize the Leather
Technology College including establishment of design and fashion institutes for
development and improvement of export-oriented leather products;
5.6.22 Necessary arrangements will be taken to
establish backward/ forward linkage industries for production of spare parts
used in manufacturing leather products including footwear; and
5.6.23 Necessary measures will be taken to ensure
easy availability of chemicals and other materials for the leather industry.
5.7 Pottery :
5.7.1 Steps
will be taken to encourage production of traditional potteries in different
places of the country;
24
5.7.2 In
order to bring novelty and diversity in potteries, assistance will be provided
for development of designs and patterns, and the design centre of BISCIC will
be upgraded; and
5.7.3 Manufacturers
of potteries will be trained under Fine Arts Institute to develop potteries.
5.8 Other Sectors :
5.8.1 Contract
farming will be encouraged for production of exportable vegetables;
5.8.2 Government
Khas (Government owned) land, if
available, will be allotted to interested exporters for the production of
vegetables and fruits. Besides, establishment of export villages will be
encouraged;
5.8.3 Production
of modern and scientific packaging materials necessary for the export of
vegetables, foliage and fruits will be encouraged;
5.8.4 Cultivation,
production and export of potatoes will be encouraged;
5.8.5 Producers
and exporters of vegetables, flowers-foliage and fruits will be imparted
trainings;
5.8.6 Efforts
will be made for the commercialization of agricultural sector through providing
support for growing, processing and marketing of exportable agri-products,
including related activities;
5.8.7 Steps
will be taken in establishing Central Warehouse and Cool Chain System beside
Hazrat Shahjalal International Airport;
5.8.8 Best
use of ICT will be ensured in the country for the improvement of information
communication system;
5.8.9 In
order to expand exports from the IT sector, communications with Bangladeshi
Diaspora will be strengthened. The possibility of setting up marketing centers
abroad will be examined;
5.8.10 Initiatives for
establishment of an “IT Village” for export of software will be strengthened;
5.8.11 Necessary measures will be taken to connect
the sub-marine optical fiber cable to the national IT backbone to facilitate
availability of high speed data transmission line, and strengthen the base of
the IT sector regionally;
5.8.12 Measures will be taken to provide facilities
to develop the ICT sector through the ICT Business Promotion Council;
5.8.13 For the expansion of IT sector, necessary
steps will be taken for Country Branding through EPB and Bangladesh missions
abroad;
5.8.14 The possibility of introducing passbook/
alternative system for the import of raw materials for the pharmaceutical
sector will be examined;
5.8.15 Initiatives will be taken to establish
Active Pharmaceutical Ingredient Park and Common Labs in Dhaka and Chittagong
in recognition of the export potentials of the pharmaceutical sector;
5.8.16 A
“Light Engineering Cluster Village” will be established near Dhaka for the
development of the light engineering sector;
5.8.17 A modern laboratory and common facilities
center will be set up for the development of the light engineering sector;
25
5.8.18 An “Agro-Products Business Promotion Council”
will be established to improve and control the quality of agriculture and
agricultural products;
5.8.19 Production and export of herbal plants,
medicine and herbal products will be encouraged. Steps will be taken to
establish necessary accredited laboratories with this end in view;
5.8.20 Herbal Products Development Council will be
constituted for overall development of herbal products sector;
5.8.21 For ship building industries service charges
including bank guarantee commission will be kept at a minimum to be directed by
Bangladesh Bank;
5.8.22 Initiatives will be taken to establish an
appropriate laboratory for testing and certifying plastic products;
5.8.23 Import of raw materials for Jewellery will
be encouraged for the expansion of export of gold and silver Jewellery;
5.8.24 Business entrepreneurs and exporters will be
given necessary co-operation in accordance with the SRO No. 18/Law/2006 dated 7
February 2006 to encourage export of diamond after processing the imported
uncut diamond; and
5.8.25 Production of
toys and imitation Jewellery will be assisted and encouraged.
26
Chapter Six
|
||
Export of Services
|
||
6.0
|
Generally service sector means the services identified under General
Agreement on
|
|
Trade in Services (GATS) of WTO, such as:-
|
||
1.
|
ICT based activities;
|
|
2.
|
Construction business;
|
|
3.
|
Health service activities e.g. hospital, clinic and nursing services;
|
|
4.
|
Hotel and tourism based services;
|
|
5.
|
Consulting Services;
|
|
6.
|
Laboratory testing;
|
|
7.
|
Photographic activities;
|
|
8.
|
Telecommunications;
|
|
9.
|
Transport and communication;
|
|
10.
|
Warehouse and container services;
|
|
11.
|
Banking activities;
|
|
12.
|
Legal and professional services;
|
|
13.
|
Education service, etc;
|
|
14.
|
Security service;
|
|
15.
|
Pre-shipment inspection (PSI); and
|
|
16.
|
Outsourcing.
|
|
6.1
|
Export Promotion Bureau will prepare a comprehensive plan of action
in coordination
|
|
with the concerned departments/institutions and take necessary
steps for augmenting
|
||
export in the service sector;
|
||
6.2
|
Export Promotion Bureau will take initiatives for preparing statistics of service sector
|
|
in parallel with that of goods;
|
||
6.3
|
Steps will be taken to enhance the capacity of Bangladesh Missions
abroad to
|
|
promote export of service sectors;
|
||
6.4
|
A committee named as “Service Export Development Coordination
Committee”
|
|
headed by the Vice Chairman, Export Promotion Bureau and represented
by the
|
||
concerned service sectors will be constituted to coordinate the
activities of export
|
||
promotion in service sectors; and
|
||
6.5
|
Different service sector specific Business Promotion Councils will be
established.
|
|
27
Chapter Seven
Other Steps towards Export Promotion
7.1 Freight
forwarders shall be guided by Freight Forwarders (Licensing activity conduct)
Rules, 2008 issued under SRO No 18/Law/2008/2174/duty dated 13 January, 2008
regarding control of freight forwarding;
7.2 Steps
will be taken to develop infrastructure and to ensure institutional assistance
activities of Bangladesh Bank, Customs, Chittagong and Mongla sea ports and
Land Port Authorities;
7.3 Initiatives
will be taken to develop necessary physical infrastructure, including
construction of express line to ensure uninterrupted supply of electricity, gas
and water to export oriented industries on priority basis. Steps will be taken
to fix the charge of electricity, gas and water to be used in the industries at
a reasonable rate including subsidy;
7.4 Measures
will be taken for capital dredging to facilitate movement of container ships in
Mongla Port;
7.5 To
facilitate export of agricultural products, additional space in the aircrafts
will be allotted alongside arranging separate cargo aircrafts. Both air and sea
fare for transport of agricultural products will be reduced to a reasonable
rate;
7.6 Biman
Bangladesh Airlines will take initiatives to introduce regular “Cargo Freighter
Service” to Europe;
7.7 To
promote region-specific exports, emphasis will be given on infrastructure
development of different regions;
7.8 Bangladesh
Railway will review the possibility of offering attractive and competitive
rates of fare to encourage the use of rail service for transportation of goods;
7.9 To
encourage female entrepreneurs in the export sector, female CIPs will be
selected and the best female entrepreneurs will be awarded Export Trophy
annually;
7.10 Steps
will be taken to enhance the ICT capacity of Bangladesh Missions abroad in
order to promote export;
7.11 To
encourage product-specific exports, every year one product will be declared the
“Product of the Year”;
7.12 Rationalizing the rate of Value Addition
7.12.1 A standing committee will fix, from time to
time, the rate of value addition for different products including readymade
garments; and
7.12.2 Foreign currency earned from repairing
foreign vessels will be considered as export earnings from services only if the
foreign currency has been repatriated through Bangladesh Bank.
28
Annex 1
List of Export-Prohibited Products
8.1
|
Soyabean oil, Palm oil ;
|
|
8.2
|
(a) All petroleum and
petroleum products except those produced from natural
|
gas
|
(such as naphtha, furnace oil, lubricant oil, bitumen, condensate, MTT
and
|
MS).
|
However, this prohibition shall not apply to the
export of petroleum and LNG as shares of the foreign investment companies under
the Product Sharing Contracts;
(b) Any passenger going abroad shall be allowed to
carry goods as accompanied
baggage, in excess of his or her personal goods,
worth US$ 200, which are neither export-prohibited nor included in the list of
conditional exports. In this
case, no facilities/incentives like duty draw
back adjustment, subsidy etc. shall be awarded;
8.3 Jute and `Shan’
seeds;
8.4 Wheat;
8.5 All
kinds of live animals, animal organs or hide/ skin of wild animals as mentioned
in the Wildlife (Protection) Ordinance 1973 (President’s Ordinance No. 23,
1973, Revised in 1974), except the species mentioned in the first list of the
Ordinance;
8.6 Fire arms,
ammunition and related materials;
8.7 Radioactive
materials;
8.8 Archeological
relics;
8.9 Human
skeleton, blood plasma, or anything produced from human beings or human blood;
8.10 All types of
pulses( except processed pulses);
8.10.1 All shrimps except
chilled, frozen and processed ones;
8.11 Onion;
8.12 Seawater
shrimps of 71/90 count or smaller, except the species harina and Chaka
including sea species PUD, Cooked shrimp;
8.13 Cane
wood, wood logs/ thick pieces of wood (except handicrafts made from these
materials);
8.14 All types of
frogs (alive or dead) and frog legs;
8.15 Raw and wet
blue leather.
29
Annex- 2
List of Products under Conditional Export
9.1 Urea
Fertilizer:- Urea fertilizer produced in all factories except KAFCO can be
exported with the prior approval of the Ministry of Industries;
9.2 Entertainment
programs, music, drama, films, documentary films etc can be exported in the
form of audio cassettes, video cassettes, CDs, DVDs etc subject to ‘no
objection’ from the Ministry of Information;
9.3 Petroleum
and petroleum products produced from natural gas (such as naphtha, furnace oil,
bitumen, condensate, MTT and MS) can be exported under ‘no objection’ from the
Energy and Mineral Resources Division. However, lubricating oil exportable or
prohibited can be exported unconditionally under intimation to the Energy and
Mineral Resources Division about the amount of export;
9.4 Chemical
products enlisted in schedules 1, 2, 3 of Chemical Weapons (Control) Act-2006
will be exportable or prohibited export as per the provision of section-9 of
the Act.
30
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