Govt body recommends continuation of EDF, incentives for export

A high-powered committee of the government has recommended the continuation of the Export Development Fund (EDF) and cash incentive facilities to help sustain the country's export growth.
The 9th meeting of the Trade Advisory Committee on Import and Export at the commerce ministry also suggested introducing a uniform exchange rate of the US dollar instead of existing different rates to facilitate overall local trade and business.
The meeting also proposed simplifying different service deliveries by the National Board of Revenue (NBR).
The meeting was moderated by Senior Secretary of the commerce ministry Tapan Kanti Ghosh with Commerce Minister Tipu Munshi in the chair.
Senior officials of the commerce ministry, members of the advisory committee, representatives from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Dhaka Chamber of Commerce and Industry (DCCI), and Bangladesh Garment Manufacturers and Exporters Association (BGMEA), among others, were present.
A senior official, who preferred not to be named, said that the meeting discussed the continuation of the EDF and cash incentive/subsidy facility, simplification of different services provided by the NBR, and a uniform exchange rate against the US dollar to facilitate the country's import and export trade.

rezamumu@gmail.com