Cash incentive for garment exporters likely to be increased by 1%

by Apparel Resources News-Desk

27-May-2019  |  1 min read

Bangladesh Garment Industry
Image Courtesy:

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 reports.

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.

Share This Article