Future of export hinges on continuity of EU duty benefit PRI study says
PRI study says
The future of Bangladesh s exports heavily depends on the continuation of duty-free privileges to the European Union, the country s largest export bloc, following the 2024 status graduation, according to findings of a study released yesterday.
If the EU extends the duty privileges, then other developed countries will follow suit, said MA Razzaque, research director of Policy Research Institute (PRI).
As a least developed country (LDC), Bangladesh currently enjoys duty-free access to the EU under the latter s Everything But Arms (EBA) initiative, with around 61 per cent of its yearly exports destined for the region.
Bida beefs up its one-stop service
Star Business Report
Star Business Report
Availing an environment clearance certificate from now will take just a third of the time previously required, thanks to the One-Stop Service (OSS) portal of the Bangladesh Investment Development Authority (Bida).
Previously, it took investors some 150 days to get the nod from the Department of Environment.
Now, it will be available anywhere between a week and 45 working days for new or running industries based on the trade category and submission of required documents.
Applicants will be able to make payments online and witness in real time the application s progress with the service provider and get feedback on any official unmet requirement.