Export Policy 2015-2018 (English)

.7=-ri`-- Ministry of Commerce ExporiPdiey2ous-2018 -- Government of the People's Republic of Bangladesh Ministry of Commerce Bangladesh Secretariat Dhaka

Ei!EH Chapter One Title, objectives, strategies, application and scope 1.0. Title This Policy shall be called the Export Policy 2015-18. 1.1. Objectives of the Export policy 1.1.01. To update and liberalize the trade regime keeping consistence with the global perspectives and needs, and the requirements of World Trade Organization and sub-regional connectivity of the four countries (Bangladesh-India-Nepal-Bhutan); , 1.1.02. To take target oriented steps to raise export earnings to US$ 60 billion by 2021 ; 1.1.03. To increase export, expand markets and diversify products, and improve balance of trade rationally with different countries in light of the Perspective plan and 6th and 7th Five year plan, with a viewto graduating Bangladesh to a Middle income country by 2021; ' 1.1.04. To increase export of all types of products including plant & plant produces and non-traditional products, as weu as to establish a compliant supply chain through contract farming, with the conviction of building a poverty-free Bangladesh through creation of employments for the huge population of the country; 1.1.05. T6 arrange export of quality products at competitive price, take coordinated effort to upgrade the testing facilities to global standard, improve quality of products, encourage the use of the state-of-the-art, appropriate and environment- friendly technology, produce high value added exportable products and improve designs of products; 1.1.06. To make export trade unhindered by ensuring compliance in the export oriented industry, and consolidate the position of Bangladesh in the competitive global trade; 1.1.07. To increase the stake of service sectors including lcT in the export, and bring dynamism to the export trade by utilizing e-commerce and e-governance; 1.1.08. To encourage production of labour-intensive products, and to enhance the involvement of women force in export oriented industries and trade; 1.1.09. To make infrastructural facilities including electricity, water and gas easily obtainable, enhance capacity of the ports and develop communication system connecting the ports in order to facilitate increasing the export; 1.1.10. To increase the number of Business Promotion Council already established and strengthen their actMties to facilitate public-private partnership, export diversification and institutionalization; 1.1.11. To make Bangladesh missions abroad more business-fri.endly; 1.1.12. To do branding of Bangladeshi products; 1.1.13. To establish more business-friendly banking system under the auspices of Bangladesh Bank, and encourage factoring services for export trade financing; 1.1.14. To expand export trade by establishing import substitute industries; 1.1.15. To encourage FDl in the export oriented industries for escalating export; ~-1 fi,,,,, 9-quc-rf E,

iERE 1.1.16. To make raw materials, from local and foreign sources, easily available in producing exportable goods; 1.1.17. To enhance productivity and diversify products; 1.1.18. To search for new markets, adopt new strategies, collect and analyze information relating to international market in order to expand market of export products; 1.1.19. To assist in building necessary infrastructure and in special cases backward and forward linkage for encouraging production and marketing of exportable commodities; 1.1.20, To extend all-out assistance to the existing exporters and create new exporters; 1.1.21. To provide assistance in generating skilled manpower suitable for international trade through imparting appropriate training; and 1.1.22. To make the Chambers of Commerce, Trade Associations, Businessmen and the people concerned with trade aware of the changing rules & regulations of the international trade. 1.2. Implementation strategy 1.2.01. Increasing the institutional capacity 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, Department of Agricultural Extension, BSTl, Tea Board and different trade bodies, and initiating coordinated activities; 1.2. 02. Strengthening BFTI; 1.2.03. Involving Tariff commission in research activities; 1.2.04. Modernizing and updating Bangladesh Foreign Missions abroad by strengthening economic diplomacy; 1.2.05, In addition to infusing dynamism into the activities of the 6 (Six) established Business Promotion Council, establishing Business Promotion Council for other products including plastic goods for increasing production and trade through joint initiative of public and private sector for encouraging the production and export of potential goods; 1.2.06, Providing assistance to producers and exporters in getting information on market intelligence regarding demands for commodities abroad, competitive price, expanding markets and in getting competitive and higher price etc. and establishing a strong institutional structure for research in the Export Promotion Bureau; 1.2.07. Extending support to the export facilitating agencies for enhancing work-efficiency and ensuring transparency and accountability by introducing automation arid e-Governance; ---1,2.08 .---- Providing assistance for updating and modernizing the over-all trading system by ensuring the best use of all modern technologies including e-Commerce with a view to making the export products more competitive through reducing cost of doing business, increasing production, expanding market and reducing lead time; 1.2.09. Disseminating updated information to the exporfers on export markets and technology to facilitate diversification of exports; 1.2.10. Arranging training on different subjects for workers, staff and management personnel with a r sgiv V'e#C!n#yi and establ:Shl#?tor specific training inst|tutes,