EXPORT-IMPORT POLICY OF BANGLADESH

INTRODUCTION

➢Bangladesh has transformed itself from aiddependency to a trade-dependent country;
➢Achieved the lower-middle income country
status by World bank in 2015;
➢Bangladesh is set to become a developing
country by 2024;
➢A country of 170 million people and 300
billion USD economy;
➢41 largest economy of the world projected to
become 30th largest by 2030;
➢Highest GDP growth rate among 45 AsiaPacific countries , 8.13% in 2018-19 FY;

EXPORT IMPORT STRUCTURE

 Total yearly international trade stands more than $100 billion(exp-$ 47 billion, imp-$ 62 billion).

 RMG accounts for over 80% of exports while leather and leather goods, Jute & jute goods, Pharmaceutical and agricultural products play significant role.

 Bangladesh mainly imports from Asia and exports to Europe and North America

 China and India are dominant import source comprising about 42 % of total imports

 The EU and USA are main export destination sourcing 57% and 17% of total exports

 So, product diversification and market diversification remains main challenge to boost exports

 EXPORT POLICY 2018-21

Objective:

  Achieve exports of $60 billion by 2021, $50 billion from RMG;

  Ensure product and market diversification with a view to achieve MIC status by 2021;

 Ensure compliance and best-practices to enhance exports;

 Assist exporters in different forms;

 Promotion of Bangladeshi goods worldwide

 Attract FDI in export sector for high-value products; EXPORT POLICY

IMPORT POLICY ORDER 

IPO is issued under the provision of ‘Imports and Exports (control) Act 1950’

 IRC and ERC issued by the office of Chief Controller of Imports and Exports(CCI & E)

 List of import prohibited and import controlled products(Annex-1);

 Except the prohibited/controlled goods, all other goods are importable freely subject to payment of customs and other duties;

IMPORT-PROHIBITED PRODUCTS

 Products from Israel or produced by Israel;

 Books, magazines, publications containing indecent and subversive contents;

 Products and equipments of sub-standard quality;

 All types of scraps;  Live boar and pork meat;

 Chemicals like Endrine, DDT, Di-eldrine, Mirex, Toxaphen, PCB etc;