Cash incentive for garment exporters likely
to be increased by 1%
In a move to enable the garment makers make the maximum out of the
sudden opportunities that may emerge from the continuing trade
war between USA and China, Bangladesh Government is planning to
increase cash incentive for exports by 1 per cent, as per media
The Finance Ministry is planning to extend the facility to all
sectors as the escalating US-China trade war has suddenly expanded
Bangladesh’s export market.
It may be mentioned here that at present, 26 sectors are provided
cash incentives ranging from 2 per cent to 20 per cent of their
export proceeds to encourage higher shipments.
However, the garment exporters, who fetch more than 80 per cent of
the country’s export receipts, demanded more cash incentives in the
incoming fiscal year to tide over the rising costs amid
implementation of the new wage scale in the industry.