Bangladesh needs to amend tax rules, simplify business procedures and ensure facilities for international investors to attract foreign direct investment, said speakers yesterday. "It is crucial than ever to bring FDIs to tackle the Covid-19 fallout. For this reason, the government should relax rules and ensure competitive facilities," said Mohammad Abdur Razzaque, chairman of
Future of export hinges on continuity of EU duty benefit PRI study says
PRI study says
The future of Bangladesh s exports heavily depends on the continuation of duty-free privileges to the European Union, the country s largest export bloc, following the 2024 status graduation, according to findings of a study released yesterday.
If the EU extends the duty privileges, then other developed countries will follow suit, said MA Razzaque, research director of Policy Research Institute (PRI).
As a least developed country (LDC), Bangladesh currently enjoys duty-free access to the EU under the latter s Everything But Arms (EBA) initiative, with around 61 per cent of its yearly exports destined for the region.