Prospect of National and International Business in Bangladesh

In consideration with the level of production and supply, potential contribution to the export sector, demand in the international market government has identified two production sectors as “highest priority sectors” and “special development sectors”. The government will continuously modify this list, and provide special privileges to encourage the export of these products. If it is properly implemented and revised regularly then business will contribute to a great extent to our national economy.

Most priority sectors

These sectors have special export potentials but yet could not be utilized properly due to certain constraints. More success is attainable if adequate support is rendered to them. For example:

1) Agro-products and agro-processing products;
2) Light engineering products (including auto-parts and bicycles);
3) Footwear and leather products;
4) Pharmaceuticals products;
5) Software and ICT products; and
6) Home textile.
Special Development Sectors

Product sectors which have export potentials but whose production, supply and export base are not well organized will be included in special development sectors so as to strengthen their export base. The following product sectors will be included in the special development sectors:

1) finished leather production;
2) frozen fish production and processing;
3) handicraft products;
4) electronic products;
5) fresh flower and foliage;
6) jute products;
7) hand-woven textiles from hill areas (pahari taat bostro)
8) Uncut diamond; and
9) Herbal medicine and medicinal plants.

Benefits and Facilities to be rendered to the Production Priority Sectors

i. Project loans with reduced interest rates on a priority basis;

ii. Income tax exemptions;

iii. Subsidies which are compatible with WTO Agreement on Agriculture, and WTO