Bangladesh Keyword: Export

Circular No. 03 dated 9 August 2023 issued by the Foreign Exchange Operation Department of the Bangladesh Bank on the “Generation of the Forms “Information on freight charges on a prepaid basis against exports” and “Information on freight charges against FOB (or similar term) imports” by using the Bangladesh Bank’s Online Export Monitoring System and its Online Import Monitoring System”
September 6, 2023

In a concerted effort to enhance the efficiency and precision of reporting freight charges for both exports and imports, the Bangladesh Bank has issued a circular mandating a shift towards a digital approach for this process. The directive applies to all ADs, airlines, shipping companies, licensed freight forwarders, and general sales agents operating within Bangladesh. […]

Circular No. 13 dated 24 August 2023 issued by the Foreign Exchange Policy Department of the Bangladesh Bank on “Export Subsidies/Cash Incentives for the Financial Year 2023-24”
September 6, 2023

To enhance the country’s export trade, the government has taken the initiative to offer export incentives or cash assistance for the export of 43 specific products during the current financial year 2023-24 (1 July 2023 to 30 June 2024). Exporters will be eligible to receive cash incentives ranging from 1% to 20%, similar to what […]

Summary of “The Patenga Terminal is Set to be Acquired by a Saudi Firm,” by Mir Mostafizur Rahman, The Financial Express, 14 June 2023
July 4, 2023

Bangladesh is preparing to finalize an agreement with Saudi company Red Sea Gateway Terminal (“RSGT”) Company to oversee, upgrade, and expand operations at the Patenga Container Terminal in Chittagong Port. In 2021, the Chittagong Port experienced unprecedented activity, handling an impressive 3.2 million TEUs of cargo, solidifying its position as the busiest port in the […]