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Bangladesh Trims Export Subsidies to Ease Economic Pressures | Bangladesh lowers cash incentive for exporters to prepare for post-LDC era

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually

Zahid hussainMustafizur rahmanShamim ahmedRussellt ahmedM masrur reazShaheen ahamedFaruque hassanExporters associationBangladesh tanners associationIntegration for developmentExchange of bangladeshCentre for policy dialogueProducts exporter associationWorld trade organisationSuperex leatherInformation services

Bangladesh lowers cash aid for exporters to prepare for post-LDC era

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh’s coffers and bring down the rates gradually since the country can’t provide such subsidies once it becomes a developing nation.

Russellt ahmedShaheen ahamedFaruque hassanZahid hussainM masrur reazMustafizur rahmanShamim ahmedWorld bankExchange of bangladeshIntegration for developmentBangladesh association of softwareCentre for policy dialogueBangladesh tanners associationExporters associationProducts exporter associationSuperex leather

Why Bangladesh continues leather import despite having abundance of it

The country's export earnings from the leather sector were $1,223.62 million in FY23, according to the Export Promotion Bureau.

Republic ofSouth koreaSyed mahbubSyed mahbubur rahmanSonjoy sahaSyed nasim manzurMohammed mizanur rahmanShaheen ahamedCottage industries corporationMutual trust bankDepartment of environmentIndustries ministryHigh courtInstitute of leather engineeringExporters association of bangladeshFootwear ltd

Leather sector wasting opportunities

The leather sector cannot ensure value addition of over 65 percent whereas there is potential to reach 90 percent

Mizanur rahmanDilip kajuriArfanul hoqueMd mizanur rahmanArifur rahman chowdhuryApex footwearBangladesh tannery associationBata shoe company bangladeshInstitute of leather engineeringTechnology of the university dhakaFootwear industriesLeather working groupLeather engineeringRiff leatherSuperex leatherIndustries limited

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