Modernizing Tariff Policy
Tariff modernization will help Bangladesh diversify its export basket. Tariff modernization is at the crux of input competitiveness for efficient manufacturing given that more than 90 percent of the raw material for exportable goods are imported in Bangladesh and the other export incentives like b...
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| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/894971537436373218/Bangladesh-Policy-Notes-Modernizing-Tariff-Policy http://hdl.handle.net/10986/30559 |
| Summary: | Tariff modernization will help Bangladesh diversify its export basket. Tariff modernization is at the
crux of input competitiveness for efficient manufacturing given that more than 90 percent of the raw
material for exportable goods are imported in Bangladesh and the other export incentives like bonded
warehouse facilities are not accessible to firms other than Ready Made Garments and a few deemed
exporters. Duty drawback system is also designed to discourage traders from claiming it in the first place
and cash incentives can only be used as a temporary measure. |
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