Topic 4 Export Import Policy

Bangladesh in
International Business
Lecture 4
Export-Import Process
Bangladesh
June 12, 2016
The Imports and Exports

(Control) Act
Government of Pakistan
Ministry of law
Act, 1950
Act No. XXXIX of 1950
(19th April, 1950)
An Act to continue for a limited period powers to prohibit control imports and
exports.
(As amended up to the 26 th May, 1962)
http://www.mincom.gov.bd/doc/Copy%20of%20Export
%20Policy%2012-15%20-Final%20Draft-.pdf
Bangladesh in International Business Lecture 4
The Imports and Exports (Control)
Bangladesh exports about 168 different products and services to almost 186
countries. The main exportable are Readymade Garments, Knitwear, Home
Textile, Frozen Food, Leather & Leather goods, Jute and goods which
contribute near about 89% of our total export. On the other hand the main
export destination of Bangladesh are USA, Canada, EU Countries including
U.K, Germany, France, Italy, Sweeten etc contributing almost 93% of total
export. The export statistics reveals that Bangladesh is proceeding with
positive export growth since 1974-75 . Anexxure-17 presents the export
trend from the year1974-75 to 2010-11 as well as the export performance in
July-June, 2011.
June 12, 2016

Export
A company or individual businessmen with trade license is capable of

doing export business. But before that he/the company has to obtain
export registration certificate (ERC) from the office of Chief Controller
of Import and Export (CCI&E), 111-113 Motijheel Commercial Area,
Dhaka. Generally Trade License, Bank Balance Certificate,
Membership from respective trade associations are required for
obtaining ERC.
For starting a business in Bangladesh, it starts with registering the

company name at the Office of the Registrar of Joint Stock Companies
& Firms. The office is located at 24-25 Dilkusha, Commercial Area,
Dhaka. This Office accords registration of Companies, Associations
and Partnership Firms under the Companies Act, other related acts,
rules, orders and ensures lawful administration of them.
June 12, 2016

Procedure of Export
The new entities should also obtain trade license from the city corporation
where it is located. Depending on the type of the business it may also have to
obtain license or certificate from BSTI, BRTA, etc.
For some products the exporters have obtain quality assurance certificate from
BSTI/ Department of Fisheries (DOF)/ Respective Trade Associations etc.
The exporter can export with or without Letter of Credit (LC). The Contract/
Agreement with foreign buyer or CAD or Advance TT methods etc. are also
allowed for export. The exporters then submit EXP form to bank and prepare
bill of export. With all these documents exporters then approach at the customs
authority of the port through which they want to ship his exportable. After
examining all the papers the customs authority allows them to export and after
boarding the products the authority gives them a bill of lading. After shipment
the customs authority assures them stamping a seal in the back of bill of lading
and provide Export General Manifest (EGM).
June 12, 2016

Procedure of Export
The Export and Import Control Act 1950 (Annexure-1) provide the Government
power to administer the import and export of Bangladesh under which a three
yearly Export Policy is published.
Products which cannot be exported and which can be freely exportable

1. Export Prohibited Products: Some Products cannot be exported. The list of
such prohibited products can be found in Annex -1 of the Export Policy
2. Products under Conditional Export: Products which are exportable under
some conditions can be exported only after fulfilling those conditions. Such
products have been listed in Annex-2 of Export Policy
3. Exportable Products: All other products except the products enlisted in
Annex-1 and Annex-2 of the Export Policy i.e. export prohibited products and
the products under conditional export shall be freely exportable.
4. Export of Samples which don't have commercial values: Samples of
exportable can be exported freely but with some conditions outlined in Export
Policy
June 12, 2016

Export Law, Rules and Policies
Entre-pt trade and re-export shall have to be conducted under the

procedures stipulated in the Public Notice No. 42 (2003-2006)/import dated
June 28, 2005 (14 Ashar 1412 Bangla) (Annexure-3) issued by the Office of
the Chief Controller of Import and Export.
Entre-pt trade means the export of an imported product at a price at least

5% higher than the import price. No change whatsoever in the quality,
quantity, shape or any other aspect is necessary in this respect. Products
under entre-pt trade shall not come out of the port boundary. However, the
products can be brought out of the port boundary under special
authorization.
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.
June 12, 2016

Entre-pt and Re-export Trade
The government formulates the Export Policy principally with a view to facilitate
the exporters so as to develop and promote export of Bangladesh. Export Policy
detail the techniques of export development and of providing facilities to the
exporters. The policy details the lists of export facilities. Export Policy introduces
the title of the policy, its scope and strategy, describes the general rules of export,
explains export diversification mechanism, lists the general facilities of export,
describes about sector based facility, presents about service export and highlights
some special facilities and incentives.
Cash incentives: As listed in Annexure-4, for 17 exportable, the government is
providing 5-20% cash incentives against FOB price of exported items. The
exporter can directly claim for cash incentive in his merchant bank.
Duty Drawback: Duties which are paid at customs authority is refundable in
case of re-export business or imported materials which after making finished
products will be exported.
Bonded Facilities: For bonded ware house with a view to 100% export
materials can be imported without any duties.
June 12, 2016

Export facilities and incentives
Assistance in searching for foreign market: For exploring foreign market Export
Promotion bureau (EPB) organize/help the exporters participate about 30-35
international trade fair every year. EPB generally bear the costs of stalls including other
incidental costs. Normally the exporters will have to bear only traveling and their
accommodation cost. Besides, EPB and Ministry of Commerce often organize Marketing
Mission abroad for searching new export market. The Mission comprises representatives
from business leaders and exporters.
Export Loan at lower rate of interest: At only 7% rate of interest export loans are
being provided. Besides, there is a fund named Export Promotion Fund (EPF) in Export
Promotion Bureau (EPB) which provide export loan for ICT and handicrafts exportable at
only 4.5% rate of interest without any co-lateral. There is an Export Development Fund
(EDF) in Bangladesh Bank to provide export loans up to USD 400 million(Annexure-5).
Awarding CIP status and National Export Trophy: Every year CIP status
(Annexure-6) and National Export Trophy (Annexure-7) are awarded to the best exporters
of different sectors in recognition of producing new products, diversifying of products,
enhancing exports, etc.
June 12, 2016

Export facilities and incentives
Bangladesh maintains excellent trade relations with foreign

countries. Bangladesh became a member of World Trade
Organization (WTO) from its inception. Bangladesh is also the
member of South Asian Free Trade Area (SAFTA), Asia Pacific
Trade Agreement (APTA), BIMSTEC and, Organization of Islamic
Conference (OIC). Through those organizations and some times
bilaterally Bangladesh enjoy preferential treatment on export trade.
Of all those preferential treatments the most important one is
Generalized System of Preference (GSP). In this system as an LDC,
we get some preferential advantages including duty free or
concession and quota free access. We are getting GSP in 37
Countries including 27 EU countries and 10 others like USA,
Canada, Japan, Norway, Switzerland etc.
June 12, 2016

Export Preferences to (trade

relations with) Foreign Countries
10
2.1 A company or individual businessmen with trade license is capable of

doing export business. But before that he/the company has to obtain export
registration certificate (ERC) from the office of Chief Controller of Import
and Export (CCI&E), 111-113 Motijheel Commercial Area, Dhaka. Generally
Trade License, Bank Balance Certificate, Membership from respective trade
associations are required for obtaining ERC.
2.2 For starting a business in Bangladesh, it starts with registering the

company name at the Office of the Registrar of Joint Stock Companies &
Firms. The office is located at 24-25 Dilkusha, Commercial Area, Dhaka.
This Office accords registration of Companies, Associations and Partnership
Firms under the Companies Act, other related acts, rules, orders and
ensures lawful administration of them.
June 12, 2016

Procedure of Export
11
2.3 The new entities should also obtain trade license from the city corporation
where it is located. Depending on the type of the business it may also have to
obtain license or certificate from BSTI, BRTA, etc.
2.3 For some products the exporters have obtain quality assurance certificate
from BSTI/ Department of Fisheries (DOF)/ Respective Trade Associations etc.
2.4 The exporter can export with or without Letter of Credit (LC). The
Contract/ Agreement with foreign buyer or CAD or Advance TT methods etc.
are also allowed for export. The exporters then submit EXP form to bank and
prepare bill of export. With all these documents exporters then approach at the
customs authority of the port through which they want to ship his exportable.
After examining all the papers the customs authority allows them to export
and after boarding the products the authority gives them a bill of lading. After
shipment the customs authority assures them stamping a seal in the back of
bill of lading and provide Export General Manifest (EGM).
June 12, 2016

Procedure of Export
12
The Export and Import Control Act 1950 (Annexure-1) provide the Government power to
administer the import and export of Bangladesh under which a three yearly Export Policy is
published. The Export Policy (Export Policy 2009-12, Annexure-2) generally guide the over
all export of Bangladesh and help facilitate the exporters. The salient features of the Export
Policy 2009-12 are as follows:
3.1 Products which cannot be exported and which can be freely exportable
3.1.1 Export Prohibited Products: Some Products cannot be exported. The list of such
prohibited products can be found in Annex -1 of the Export Policy 2009-12.
3.1.2 Products under Conditional Export: Products which are exportable under some
conditions can be exported only after fulfilling those conditions. Such products have been
listed in Annex-2 of Export Policy 2009-12.
3..1.3 Exportable Products: All other products except the products enlisted in Annex-1 and
Annex-2 of the Export Policy 2009-12 i.e. export prohibited products and the products under
conditional export shall be freely exportable.
3.1.4 Export of Samples which don't have commercial values: Samples of exportable can be
exported freely but with some conditions outlined in para 2.2.1.2 of Export Policy 2009-2012.
June 12, 2016

13
3.2 Entre-pt and Re-export Trade
Entre-pt trade and re-export shall have to be conducted under the procedures
stipulated in the Public Notice No. 42 (2003-2006)/import dated June 28, 2005
(14 Ashar 1412 Bangla) (Annexure-3) issued by the Office of the Chief
Controller of Import and Export.
3.2.1 Entre-pt trade means the export of an imported product at a price at

least 5% higher than the import price. No change whatsoever in the quality,
quantity, shape or any other aspect is necessary in this respect. Products
under entre-pt trade shall not come out of the port boundary. However, the
products can be brought out of the port boundary under special authorization.
3.2.2 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.
June 12, 2016

14
3.3 Export facilities and incentives
The government formulates the Export Policy principally with a view to facilitate the
exporters so as to develop and promote export of Bangladesh. Chapter 3-7 of the Export Policy
detail the techniques of export development and of providing facilities to the exporters. The
policy details the lists of export facilities. Chapter-1 of the Export Policy 2009-12 introduces
the title of the policy, its scope and strategy, Chapter-2 describes the general rules of export,
Chapter-3 explain export diversification mechanism, Chapter-4 lists the general facilities of
export, Chapter-5 describes about sector based facility, Chapter-6 presents about service
export and Chapter-7 highlights some special facilities and incentives.
3.3.1 Cash incentives: As listed in Annexure-4, for 17 exportable, the government is providing
5-20% cash incentives against FOB price of exported items. The exporter can directly claim for
cash incentive in his merchant bank.
3.3.2 Duty Drawback: Duties which are paid at customs authority is refundable in case of reexport business or imported materials which after making finished products will be exported.
3.3.3 Bonded Facilities: For bonded ware house with a view to 100% export materials can be
imported without any duties.
June 12, 2016

15
3.3.4 Assistance in searching for foreign market: For exploring foreign market Export
Promotion bureau (EPB) organize/help the exporters participate about 30-35
international trade fair every year. EPB generally bear the costs of stalls including
other incidental costs. Normally the exporters will have to bear only traveling and
their accommodation cost. Besides, EPB and Ministry of Commerce often organize
Marketing Mission abroad for searching new export market. The Mission comprises
representatives from business leaders and exporters.
3.3.5 Export Loan at lower rate of interest: At only 7% rate of interest export loans are
being provided. Besides, there is a fund named Export Promotion Fund (EPF) in
Export Promotion Bureau (EPB) which provide export loan for ICT and handicrafts
exportable at only 4.5% rate of interest without any co-lateral. There is an Export
Development Fund (EDF) in Bangladesh Bank to provide export loans up to USD 400
million(Annexure-5).
3.3.6 Awarding CIP status and National Export Trophy: Every year CIP status
(Annexure-6) and National Export Trophy (Annexure-7) are awarded to the best
exporters of different sectors in recognition of producing new products, diversifying of
products, enhancing exports, etc.
June 12, 2016

16
1.
Chief Controller means the officer appointed by the Central

Government to perform the duties of Chief Controller of Imports and
Exports under this Act.
2.
Customs Collector means a Customs-Collector as defined in the sea

Customs Act 1878 or a Collector of Land customs appointed under the
Land Custom Act, 1924 and;
3.
Import and Export mean respectively bringing into and taking out of
the provinces by sea, land or air.
June 12, 2016

Definitions: Chief Controller of Export

and Import (CCIE)
17
Though originally this office was established with a view to control the import and
export trade at present playing facilitating role in the field of import and export trade.
Under this changed circumstances this organization has been performing the
following functions:
1.
Assisting the Ministry of Commerce in formulation and implementation of the

Import Policy Order,
2.
Issuing registration certificates to importers, exporters and indentors under the

provisions of the Importers, Exporters and Indeniors (Registration) Order, 1981;
3.
Settlement of disputes relating to trade & commerce under the Review, Appeal and
Revision Order, 1977;
4.
Disposing of disputes between Importers and Customs Authority on ITC

classification or description of imported goods;
5.
Giving decision regarding clearance of goods imported in violation of any provision

of the Import Policy Order (IPO);
June 12, 2016
Functions of the Organization: CCI&E
18
7.
Issuing import permits and clearance permits, as the case may be, where
goods are imported without opening L/C under the provision of IPO;
8.
Issuing export permits, export-cum-import permits, import permits on

returnable basis;
9.
Giving clarification regarding provisions of IPO, where necessary;
10.
Giving suggestions to Ministry of Commerce for changes/modifications of

IPO, where necessary;
11.
Issuing public notices relating to amendment of provisions of IPO;
12.
Monitoring information relating to imports; etc;
13.
Monitoring the revenue process so that we can earn more non-tax

revenue under the provisions of the IPO.
June 12, 2016

Functions of the Organization: CCI&E
19
20
June 12, 2016
3.6 Conditions of Prohibition and Restrictions-
3.6.1 In case any restriction is imposed on import of a particular commodity with a view to
protecting the interest of a local industry the concerned sponsoring authority/Tariff Commission
shall strictly monitor production of that industrial unit regularly. The restriction may be revoked on
the recommendation of the concerned sponsoring authority/Tariff Commission if the quality of
products deteriorates and the price of the product is not maintained at satisfactory level or
production level falls short of capacity. Such protected units which are specially engaged in
assembling type activities shall have to move towards progressive manufacture actively and
expeditiously.
3.6.2 The Tariff Commission and the sponsoring authority concerned shall continuously monitor the
prices of the items covered by such ban to guard against undue increase of price. If the price of any
item is increased except for factors like rise in the price of raw materials or decline in the rate of
exchange or if the increase in the price of the item is disproportionately higher compared to the rise
in the price of the raw materials in the international market the ban may be revoked on the
recommendation of Tariff Commission/sponsoring authority.
3.6.3 However, if any one feel aggrieved by any decision regarding ban or restriction on import of any
item he can refer his representation to the Tariff Commission. The Tariff Commission will duly
examine such a representation and furnish its recommendation(s)to the Ministry of Commerce for
consideration.
June 12, 2016

Import Policy General Provisions
21
4.1 H.S Code Numbers- For import purpose, use of H.S. Code with at least
eight digits corresponding to the classification of goods as given in the First
Schedule of the Customs Act., based on the Harmonized Commodity
Description and Coding System, shall be mandatory. But in case where a
particular item has been classified under an H.S. Code Number with more
than eight digits, that specific Code Number (having more than eight digits)
has to be used. No bank shall issue L.C. Authorisation form or open L/C
without properly mentioning H.S. Code number for the item(s) correctly.
June 12, 2016

4.0 General Conditions of Import

of goods-
22
4.2.1 No Objection Certificate on the basis of Right of Refusal (ROR) from any authority shall not
be required for import of any freely importable item by any Public Sector agency. However, in
cases where a public sector agency is required to import banned/restricted items included in the
Control List prior permission of the Ministry of Commerce shall have to be obtained on the basis
of ROR issued by the Ministry of Industries or by the Sponsoring Ministry/Division, or by both
as the case may be.
4.2.2 In case of import of banned/restricted items for approved projects financed under foreign aid
the concerned Government Department/Agency will approach the Ministry of Commerce
directly for decision in case of such import furnishing a list of items duly certified giving detailed
description and provisions of contract of the aided project and other necessary information along
with quantity/number, price and H.S. Code Number against each item required to be imported.
4.3Restriction regarding source of procurement and shipment of goods- Goods from Israel or goods
originating from that country shall not be importable. Goods shall also not be importable in the
flag vessels of that country
June 12, 2016

4.2 NOC On the basis of ROR (Right of

Refusal)-
23
In this order where provisions for pre-shipment inspection of imported goods

have been made, shall be obligatory.
June 12, 2016
4.4 Pre-shipment inspection-
24
June 12, 2016
4.5 Shipment on Bangladesh Flag

Vessels4.5.1 Import of goods up to maximum twenty metric tons in case of single
individual consignee or up to maximum 100 (one hundred) metric tons in
case of group import may be made in non-Bangladeshi flag vessels.
However the Director-General of Shipping may notify general waivers in
the following cases, such as (1) shipment of goods from foreign ports
which are not visited by Bangladeshi Vessels, and (2) import of goods on
the basis of specific agreements which provided for C & F contract.
Subject to waiver specified below shipment of goods shall normally be

made on Bangladesh flag vessels:
25
In all other cases a certificate of waiver shall be obtained from the DirectorGeneral of shipping for importation of goods in non-Bangladeshi flag vessels.
If any importer indicating specific reason(s) apply for a certificate of waiver
to the Director General of Shipping, will be issued within 24 hours of
submission of application. Otherwise it will be treated that waiver has been
given. However, the preceding condition of compulsory shipment of goods on
Bangladeshi flag vessels, or the condition of obtaining certificates of waiver
from the Director-General of Shipping shall not apply in cases of import
under such foreign aids, loans or grants which contain specific provision
regarding shipment of goods.
June 12, 2016


Vessels-
26
4.5.2
In case of import and export of

goods by export oriented industries,
shipment may be made in nonBangladeshi flag vessels. In such
cases, no waiver from Director
General Shipping shall be required.
June 12, 2016

Vessels-
27
June 12, 2016
4.6 Import at competitive rate4.6.2 In case of import under Untied Commodity Aid in the private sector,
goods shall be imported at the most competitive rate by obtaining quotations
from a minimum three suppliers/indentors representing at least two
countries abroad. This condition shall, however, not apply for opening of L/C
up to Tk. One lac. For import at the most competitive rate by the Public
Sector importers the conditions mentioned at para 27.7.1 of this Order shall
apply.
4.6.1 Import shall be made at the most competitive rate and the importers may
be required, at any time, to submit documents to Import Control Authority
regarding the price paid or to be paid by them.
28
4.8.1 In all cases of import, country of Origin shall be mentioned clearly

on goods, package/container. A certificate regarding country of origin
issued by the concerned Government agency/approved
authority/organisation of the exporting country must be submitted, along
with import documents to the Customs Authority at the time of release of
goods. However, the provisions of country of origin shall not be
applicable to coal and export oriented garments industries. In case of
cotton import it shall not be required to mention country of origin on
each bale. But country of origin shall be mentioned in the phytosanitary certificate. Besides.100% export oriented industries, which are
recognised by the Customs Authority along with the industries requiring
import of raw-materials shall be waived from the restriction of country
of origin subject to the conditions imposed by the Foreign Exchange
Regulation Act., Bangladesh Bank and Commercial Banks.
June 12, 2016

Import by mentioning Country

of Origin-
29
4.8.2 In case of import of Limestone, in different consignments/lot by the

rope-way or by river, as raw-materials for Chhattak Cement Factory,
Country of Origin certificate from the exporting countrys
Government/approved authority/organisation shall be submitted once to the
Customs authority at the time of release of goods, instead of each
consignment/lot for the quantity mentioned in L/C in case of river-way and
as per supplied carrying list in case of rope-way.
June 12, 2016

Import by mentioning Country

of Origin
30
June 12, 2016
General rules for Import in the

Industrial sectorotherwise specified in this order, industrial units approved on regular
basis will be allowed to import upto 300% of their regular import entitlement of
the items, import of which is banned for commercial purpose and which are
importable by industrial consumers only.
Industrial
units approved on adhoc basis will be allowed to import upto the

maximum value limit not exceeding 100% of their half-yearly import entitlement.
After
receiving the 1st adhoc share the concerned industrial units shall apply
through the concerned sponsoring authority to the Chief Controller of Imports &
Exports for regularisation of their import entitlement. Import entitlement and
IRC of the concerned industrial unit will be regularised on the basis of
recommendation of the sponsoring authority, if 80% of the first adhoc share had
been utilised. Otherwise, clearance will be issued for the 2 nd adhoc share
Adhoc
IRC of the concerned industrial unit shall not be renewed until the Chief
Controller of Imports and Exports issues clearance for the 2 nd adhoc share or
regularises its import entitlement on the basis of recommendation of the
sponsoring authority.
Unless
31
23.5 If, after utilisation of the 1 st adhoc share, an industrial unit is allowed to
utilise their 2nd adhoc share as per recommendation of the sponsoring authority
instead of regularising their import entitlement, the industrial unit, after
utilisation of the 2nd adhoc share, will be able to apply to the sponsoring authority
for regularisation of their import entitlement. The adhoc entitlement and the
adhoc IRC will be regularised as per recommendation of the sponsoring authority.
23.6 In case of import by those sectors of industries for which entitlement has
been fixed on the basis of more than one shift, units accepted on a regular basis
under such a sector whall not be eligible to import more than 100% of the annual
entitlement for such restricted items and the industrial units accepted on an
adhoc basis, under such a sector shall not be eligible to import more than 100% of
the half-yearly amount for such restricted items.
Govt. sector industrial units will obtain approval of the Ministry of Commerce
through their administrative Ministry the total annual requirement of the
restricted items at the beginning of the financial year.
June 12, 2016


Industrial sector-
32
23.8 Regular industrial units which have been provided with special financial
benefit along with payment of advance income tax with respect to import of
industrial raw materials/packing materials/spare parts will not import those items
three times more than the import criteria even if those items are freely importable.
23.9 Amount of approved import entitlement (sum and word in taka) will be clearly
quoted in the IRC at the time of its issue by the office of the Controller of Imports
and Exports. Besides the regional office of the Chief Controller of Imports &
Exports will delivery a copy of the entitlement paper approved by responding
authority duly countersigned by the concerned regional office of Imports & Exports.
A copy of the entitlement paper duly endorsed, shall be provided to the sponsoring
authority.
23.10 The provisions at sub-para 23.1 , 23.2, 23.6 above shall not apply in case of
import by the readymade garments, hosiery and special textile industries operating
under bonded warehouse system and the pharmaceutical (allopathic) industries.
The provisions of paragraph 24.4 and 24.7 respectively shall apply in these cases.
June 12, 2016


Industrial sector-
33
June 12, 2016
25.0 Commercial import
25.1 Commercial import under cash foreign exchange or under Government AllocationCommercial import will normally be made under cash foreign exchange, subject to availability of
fund import of few commercial items may be allowed under Government allocation. In such cases
the name of items, source of finance and other terms and conditions for commercial import will be
notified by the Chief Controller from time to time.
Import of industrial raw and packing materials and spares by commercial importers- Industrial
raw and packing materials and spares which do not occur in the banned and restricted lists shall
be freely importable under cash foreign exchange by commercial importers.
Commercial import by Foreign Firms- Foreign Firms registered in Bangladesh under the
companies Act, 1994 (XVIII of 1994)shall be allowed to import permissible commercial items
against their commercial IRC, without any prior permission from the Chief Controller, However,
in such cases of import of commercial items Foreign Firms shall inform the Office of the Chief
Controller in writing the detailed information of the item (eg. HS code of the item, description of
the item, quality, value, name and address of the exporting foreign firm etc.) before importation.
Import of capital machinery for commercial purpose- Registered Commercial Importers may
import permissible new items of industrial capital machinery and accessories under cash foreign
exchange without any value limit for commercial purpose.
34
Updating and liberalizing the trade regime in accordance with the needs and
requirements of the World Trade Organization and globalization;
1.1.2 Encouraging labor-intensive (especially female labor) export-oriented

production;
1.1.3 Ensuring availability of raw materials from home and abroad for
manufacturing export goods;
1.1.4 Augmenting productivity and diversification of products;
1.1.5 Improving the quality of products, encouraging the use of modern,

appropriate and environment-friendly technology, producing high-end
products, and improving the design of the products;
1.1.6 Enhancing efficiency and dynamism by using e-Commerce and eGovernance;
June 12, 2016

Objectives, Strategy and Scope of

the Export Policy (2012-2015)
35
1.1.7 Initiating new strategies for the expansion of the markets for export
products, making proper utilization of computer technology and encouraging
application of all modern technologies including e-Commerce;
1.1.8 Assisting the development of necessary infrastructure, particularly for

backward and forward linkages in order to encourage the production of
exportable goods;
1.1.9 Creating new exporters and providing all-out support to the existing
exporters;
1.1.10 Assisting the development of a skilled labor-force through proper

training for managing international trade; and
1.1.11 Providing adequate guidance to trade bodies, business organizations,

business people and related individuals in understanding the changing
international trading system, etc.
June 12, 2016

Objectives, Strategy and Scope of

the Export Policy (2012-2015)
36
1.2.1.1 Increasing the institutional skills and efficiency of the Export Promotion
Bureau (EPB), providing assistance in capacity building of the Customs Authorities,
Sea and Land Port Authorities, Department of Fisheries, BSTI, Tea Board and
different trade bodies;
1.2.2 Modernizing and up dating Bangladesh Foreign Missions abroad by

strengthening economic diplomacy;
1.2.3 Strengthening and expanding the Product based Business Promotion

Council activities through joint initiatives of public and private sectors to
encourage the production and export of potential goods;
1.2.4 Providing assistance to producers and exporters in gathering market

intelligence information regarding demands for commodities abroad, expanding
markets, ensuring competitive and higher price, etc.
1.2.5 Extending support to export facilitating agencies by introducing automation

and e- Governance for enhancing work-efficiency and ensuring transparency and
accountability;
June 12, 2016

Implementation Strategy
37
June 12, 2016
1.2.7 Disseminating latest information to the exporters on export markets and technology to facilitate
diversification of exports;
1.2.8 Creating training opportunities and establishing sector-specific training institutes for workers, staff
and management personnel to increase productivity;
1.2.9 Encouraging promotion of export through increased institutional facilities including trading and
export houses;
1.2.10 Providing assistance in establishing internationally accredited certification system to ensure the
quality of the products;
1.2.11 Encouraging the establishment of product-wise design centers for improvement of product designs;
1.2.12 Assisting producers in using modern technology for production;
1.2.13 Providing supports to the exporters to get acquainted with the working procedures of significantly
successful exporting countries;
1.2.6 Providing assistance for updating and modernizing the over-all trade system by ensuring the best
use of all modern technologies including e-Commerce for making the export products more competitive
through reducing cost of doing business, increasing production, expanding market and reducing lead time;
38
1.2.14 Providing various financial and tax subsidies or incentives including

low-interest loans to exporters;
1.2.15 Reducing lead time in export by means of improvement of port

management and infrastructure, simplification of procedures for clearing
goods, and improvement of the transport system;
1.2.16 Organizing single country Trade Fair for Bangladeshi products in

different countries, sending trade missions abroad and supporting the
exporters to participate in international fairs under the initiatives of exploring
new market for product branding and diversification;
1.2.17 Taking all necessary initiatives for achieving duty-free market access to
developed and developing countries, including the United States with a view to
expanding markets for Bangladeshi products and services abroad;
1.2.18 Taking special initiatives to enhance exports of products and services to

South Asia, Middle East and other Asian and African countries;
June 12, 2016

39
1.2.19 Awarding CIP status and National Export Trophy every year to the
best exporters of different sectors in recognition of producing new products,
diversifying of products, enhancing exports, etc;
1.2.20 Reviewing countrys export situation at least once annually and

providing necessary directions by the National Committee on Export;
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 ViceChairman of the Export Promotion Bureau, and represented by the private
sector, including FBCCI.
June 12, 2016

40

Topic 4 Export Import Policy

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Bangladesh in

June 12, 2016

The Imports and Exports

Bangladesh in International Business Lecture 4

The Imports and Exports (Control)

June 12, 2016

A company or individual businessmen with trade license is capable of

For starting a business in Bangladesh, it starts with registering the

June 12, 2016

June 12, 2016

Products which cannot be exported and which can be freely exportable

June 12, 2016

Export Law, Rules and Policies

Entre-pt trade and re-export shall have to be conducted under the

Entre-pt trade means the export of an imported product at a price at least

Re-export means the export of an imported product within a specific period

June 12, 2016

Entre-pt and Re-export Trade

June 12, 2016

Export facilities and incentives

June 12, 2016

Export facilities and incentives

Bangladesh maintains excellent trade relations with foreign

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Export Preferences to (trade

2.1 A company or individual businessmen with trade license is capable of

2.2 For starting a business in Bangladesh, it starts with registering the

June 12, 2016

June 12, 2016

June 12, 2016

Export Law, Rules and Policies

3.2 Entre-pt and Re-export Trade

3.2.1 Entre-pt trade means the export of an imported product at a price at

3.2.2 Re-export means the export of an imported product within a specific

June 12, 2016

Export Law, Rules and Policies

3.3 Export facilities and incentives

June 12, 2016

Export Law, Rules and Policies

June 12, 2016

Export Law, Rules and Policies

Chief Controller means the officer appointed by the Central

Customs Collector means a Customs-Collector as defined in the sea

June 12, 2016

Definitions: Chief Controller of Export

Assisting the Ministry of Commerce in formulation and implementation of the

Issuing registration certificates to importers, exporters and indentors under the

Disposing of disputes between Importers and Customs Authority on ITC

Giving decision regarding clearance of goods imported in violation of any provision

Bangladesh in International Business Lecture 4

June 12, 2016

Functions of the Organization: CCI&E

Issuing export permits, export-cum-import permits, import permits on

Giving clarification regarding provisions of IPO, where necessary;

Giving suggestions to Ministry of Commerce for changes/modifications of

Issuing public notices relating to amendment of provisions of IPO;

Monitoring information relating to imports; etc;

Monitoring the revenue process so that we can earn more non-tax

June 12, 2016

Functions of the Organization: CCI&E

Bangladesh in International Business Lecture 4

June 12, 2016