Wide-ranging changes in the world trade owing to the process of evolution in globalization and free market economy have facilitated free flow of goods which resulted in worldwide trade competition. In order to cope with the situation, steps have been taken to make the Import Policy Order of the Government of the People's Republic of Bangladesh up-to-date in consonance with the emerging trends in the globalized and free market economy. Consistent with the changes in the trend of world trade with the conclusion of Uruguay Round of Multi-lateral Trade Negotiations and creation of the WTO towards the close of the 20th century, Bangladesh has been pursuing steps towards liberalization of her Trade Policy. This Import Policy is being published of keeping in consideration the impact of free global trade on the garment sector of the country. However, protection policy to a bare minimum has been pursued, considering public health and security as well as social, cultural and religious norms and bindings. In the formulation of this Import Policy Order all the commitments made by the governments under WT0 agreements have been duly taken care of, as the three-years Import Policy Order by no means, be kept outside the principles and objectives of those commitments.
2.0 Important objectives of the Import Policy Order are:
2.1 to make the Import Policy Order further liberalized to keep pace with the gradual development of globalization and free market economy under the WTO.
2.2 to provide facility for import of technology for widespread expansion of modern technology.
2.3 to provide facility for easy import for the export support industries for the purpose of placing export industries on a sound base and with this end in view, co-ordinate the import policy of the country with the industrial policy, export policy and other development programs.
2.4 to make easier the availability of industrial raw materials for Read More -»
Garments and Factory
While agriculture for domestic consumption is Bangladesh’s largest employment sector, the money gained from exporting textiles is the single greatest source of economic growth in Bangladesh. Exports of textiles, clothing, and ready-made garments acco
Bangladesh has a primarily agrarian economy. Agriculture is the single largest producing sector of the economy since it comprises about 18.6% (data released on November, 2010) of the country\'s GDP and employs around 45% of the total labor force. The
Poltry & Firm
service sector; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, ready-made goods. Remittances from Bangladeshis working