Fiscal facilities : Income tax exemption for export earning: Under the income tax law other than the owners of   factories not registered in Bangladeshi, all exporters will get 50% exemptions in their income taxes. Exemption in insurance premium: Bond facilities for export oriented industries: Facilities for duty free import of capital  machineries for export - oriented industries: The export-oriented industries will get the advantage of importing 10 percent spare parts of their capital machineries without duty in every two years.  Providing alternative facilities to  export-oriented local textiles and RMG other than duty-bond or duty-draw-back:                                Tax holiday:                                 Duty-draw-back scheme. 

Financial facilities :1 Use of foreign currency : The exporters can deposit a certain amount of their export earning in foreign currency under a  retention quota in their foreign currency account in the forms of US dollar, pound sterling, Japanese yen or euro. The amount of the retention (in terms of percentage) will be  fixed by the government/Bangladesh Bank. This foreign currency can be used to fulfill real business needs like business trips abroad, participation in export fair or seminars  foreign countries, import of raw materials and spare parts and setting up office abroad. Presently 10% has been fixed for lower value added products (like RMG, petroleum by products, Naphtha, furnace oil etc.) and 50% for high value added products (like Computer software and data entry/processing service etc.)

2. Export Promotion Fund (EPF) :  (i) Offer venture capital with less interest  rate and easy term for production; (ii) Assist in getting foreign technical assistance, service and technology in product development and diversification (iii) Assist in sending marketing missions abroad and taking part in international fairs  for market promotion in foreign countries ;  (iv) Assist in setting up sales and display  centre abroad and warehousing facilities ; (v) Assist in participating product development and marketing training programmes for export promotion through attaining technical and  marketing efficiency ; and (vi) Facilitate in other activities for product and market development. 

3. Providing fund for export :                                 (i) Interest free loans will be provided under                                 duty-draw-back credit scheme                                 (ii) Import process of raw materials and                                related  products will be made easier under                                the export promotion fund (EPF).                                (iii) Facilities will be provided to open back                                 to back LC for all exportable; and                                (iv) The proposals for importing capital                                 machineries with soft term loan with lesser                                 interest rate can be considered for export                                 promotion.

General facilities :Ø The enterprises that export 80 percent of  their products will get the facilities given to export-oriented industries.Ø Reduced plane fare for priority products including vegetables and fruits. Biman will consider measures for reduced plane fare for exporting fruits, vegetables and ornamental  plants by air. Ø Withdrawal of royalty for expansion of cargo services of foreign airlines for export promotion:Ø Fixing of limit for sending sample of export products annually :

Ø Arrangement and participation in international and single country trade fairs and other market development programmes abroad:Ø Incentives will be given for organizing and participating in international trade fairs, single exhibition and other market development  programmes and arranging single country trade  fairs jointly by government and non-government organizations.Ø Every year product-wise Commercially Important persons (CIPs) will be selected on the basis of the exporters' extra ordinary contributions to export promotion. 

Ø National Export Trophy (NET) will be given in recognition of extra ordinary contribution to export. Ø The Export Credit Guarantee Scheme (ECGS) will  be restructured, activated and made efficient.

Role of EBP in exportingFrom the beginning it was government organization and under the control of foreign trade division of Ministry of trade . After 1977 it is now semi –autonomous organization performing its function to promote export.Organization and management of EPB:Its operation and administration now under a broad of management . The chairman of 12 members broad of management is the state ministry of trade.There are three executive committee also. These are; 1. Export promotion council; 2. Export coordination unit 3. Export promotion advisory committee.

Internal structure of EPB head office:Internal division include: a. Policy and planning division b. Information division c. Fairs and display division, d. Commodities development divisione. Administration and finance divisionRole and functions of EPB: 1. Identify market for the new exporter of goods and give such information required to the exporter2. Develop the principal policies to ensure coordination between export policy and its program3. Test the export possibilities of exportable goods

4. Ensure the product quality and product diversification of exportable goods , 5. Organize international trade fair and participate in different industrial , trade and other fair and also take steps to advertise the exportable goods6. Give advise to government to formulate right policy and to take export development program7. Participate in foreign international trade fair, establish sale center and sent trade delegate to promote foreigner to purchase our goods8. Help exporter and importer to finalize trade contact9. Inform the foreign buyer about the quality , price of our exportable goods10. Help the small exporter to get credit11. Arrange training program to develop exporter.

Trading corporation of Bangladesh: Management of TCB: One chairman and 6 director according to 1972 GO No 68.After 1974 , number of directors depend on GovernmentObjectives and functions of TCB:The main objective of TCB is to cover the shortage of goods through import and its distribution and also to increase export of our products in foreign countries.

Functions:1. Import and export of goods according to the government policy.2. Sale and distribution of imported goods and recruit dealers, agents etc. to ensure sale of goods according to Govt. order.3. Other activities related to previous ones.

Objectives of export operations of TCB:1. Ensure proper export of goods according to accepted samples through strong pre-shipment inspection.2. Ensure the follow of scheduled of shipment of goods by the exporter.3. Ensure the export of goods at a competitive price4. Search for market for new exportable goods5. Help to export non traditional goods and find out new market for that goods

Export promotional measures:1. Participates in international trade fair 2. Participate in national export fair3. Communicate with foreign parties4. Sent sale / trade delegate to foreign countries5. Recruit foreign organization and TCB agent to increase export.

Bangladesh Standards and Testing Institution (BSTI) Bangladesh standards and Testing Institution came into being in 1985 through an Ordinance (Ordinance XXXVII of 1985) with the merger of Bangladesh Standards Institution and the Central Testing Laboratories. The BSTI is a body corporate and its concerned Ministry is the Ministry of Industries.

Laws governing activities of BSTI: The Bangladesh Standards and Testing Institution Ordinance,1985 (Ordinance No. XXXVII of 1985) The Standards of Weights and Measures Ordinance,1982(Ordinance No.XII of 1982) The Bangladesh Standards and Testing Institution (Amendment) Ordinance, 1988(Ordinance No.XI of 1988) The Standards of Weights and Measures (Amendment) Act, 2001. The Bangladesh Standards and Testing Institution (Amendment) Act, 2003

The Institution’s task is to prepare standards for all articles, products, methods and services. The Institution can bring under BSTI’s Compulsory Certification Marking any product after approval of the Government. Products brought under Compulsory Certification Marking (CM) are published in official gazette.The BSTI marks cannot be used under any circumstances by others without approval in advance from BSTI.The standards approved, and passed by the Institution are called Bangladesh Standards (BDS).

Salient Features of the Bangladesh Standards and Testing Institution (Amendment) Act, 2003a) The sale and distribution of commodities brought under mandatory scheme are strictly prohibited without having Certification Marks (CM) license from BSTI or using of unauthorized Standard Marks. b) If, after examination, it is found that any article which does not conform to the Bangladesh Standard the factory producing such article or the premises where such article are stored, kept or traded may be sealed and such commodities seized.

c) Commercial advertisements/publications of products having no BSTI Certification Marks (CM license) are prohibited. d) For any violations of the provisions of the BSTI (Amendment) Act,2003 penalty or punishment may be imposed by mobile courts. e) Minimum punishments for violations of the ordinance have been prescribed which includes fine and imprisonments or both.

Functions:The Functions of the Institution as defined in the ordinance are:To set up Bangladesh Standards of quality and dimensions and prepare and promote the general adoption of standards on national and international basis relating to materials, commodities, structures, practices and operations and, from time to time, to withdraw, revise, alter and amend the same; To consider and recommend to the Government Bangladesh Standards for the measurement of length, weight, mass, volume, and energy;

To promote standardization, quality control, and simplification in industry and commerce; To secure compliance with the Bangladesh Standards adopted by the Institution by the producers and users; To implement Bangladesh Standards through the administration of a national certification mark-scheme or inspection of goods or both; To provide or arrange facilities for examination, testing and inspection of commodities, processes and practices for any investigation, research or promotion of export that may be necessary and to issue test reports;

To certify the quality of commodities, materials, produces, products and other things including food materials, whether for local consumption, export or import; To co-ordinate the efforts of producers and users for the improvement of materials, products, code of practice, appliances, processes and methods, so as to eliminate the national waste of material and time involved in the production of an unnecessary variety of patterns and sizes of articles for one and the same purpose;

To establish and publish, in such manner as may be prescribed, the Bangladesh Standard Specifications in relation to any article or process or code of practice; To recognize, adopt or endorse as a Bangladesh Standard, in such manner as may be prescribed, any standard established by any other Institution in Bangladesh or in any foreign country, or by international organizations in relation to any article or process;

To specify a Standard Mark to be called the Bangladesh Standards and Testing Institution Certification Mark which shall be of such design and contain such particulars as may be prescribed to represent a particular Bangladesh Standard; To grant, renew, reject, suspend or cancel, in such manner as may be prescribed, a license for the use of Standard Mark;

To make such inspection and take such samples of any material or substance as may be necessary to see whether any article or process in relation to which the Standard Mark has been used or proposed to be used conforms to the Bangladesh Standard or whether the Standard Mark has been improperly used in relation to any article or process with or without license;

To utilize with the permission of the owners, the services of laboratories other than those maintained by the Institution and approve such laboratories for the purpose of the Institution;

To make arrangements or provide for the facilities, for the testing and calibration of precision instruments, gauges and scientific apparatus and for the issue of certificates in regard thereto so as to make them comply with the required standards;

To undertake execution of any trust or any agency business which it may consider conducive to the attainment of, its objectives; To co-operate with any person, association, or organization,

outside Bangladesh having objectives, similar to those for which the Institution is established; and To do all such acts and things ancillary, or incidental to any of the aforesaid functions.

DCCIOn going services:DCCI helps its members to face the challenges of stiff competition in a globalize economy by providing various services: To create awareness amongst the members about the various policies, regulations, norms and practices concerning all sectors of economic activities of the country. To critically evaluate the fiscal and other measures and policies of government and recommend necessary changes to create an enabling and business-friendly environment.

To ventilate the needs, problems and grievances of the business community and suggest suitable remedial and supportive measures while commenting on major economic issues and policies.

To represent, uphold and focus on the interests of private sector in various Advisory & Consultative Committees.

To disseminate information relating to problems & prospects of the trade & investment through the publication of research papers, circulars, manuals, survey reports, annual reports, news bulletins, tax guides, trade bulletins etc .

To provide a forum for interaction and exchange of views among the members of the business community by way of holding Seminars, Symposia, Discussion Meetings and Representations.

DCCI Functions The basic function of the DCCI lies is the promotion and development of trade, commerce and industry in this country.

To promote and develop trade, commerce and industry.

To suggest ways towards the formulation and implementation of government policy in respect to import, export, investment banking, insurance and fiscal measures.

To represent trade, commerce and industry on various advisory or consultative committees at different ministries and departments.

To comment on legislative measures affecting trade, commerce or industry. To function as a forum for exchanging views between chamber members, government agencies ,DCCI members and local/foreign delegations.

To arbitrate settlement of disputes arising out of business transactions.

To disseminate information to members on circulars, notifications, and statistical data, relating to commerce and industry.

To issue Certificate of Origin (COO) and authenticate documents in connection with trade and commerce.

To organize trade delegations, seminars and trade fair participation as well as receiving business delegations from abroad. To act upon Memorandum of Understandings (MOUs) with overseas Chambers of Commerce and Industry for promotion of bilateral trade and investment. To undertake human resource and enterprise development function

To prepare, implement and evaluate projects for entrepreneurship development and other trade related matters, and To develop business through internet/web page of its own.

In order to carry out these listed functions, the DCCI operates and proposes regulations under a Board of Directors, Some of these Board Directors coordinate standing committees, representing various industrial vocations, within the DCCI. It is through these directors that the interests of the standing committees are presented to the Board. Once in procession of the facts, the Board scrutinizes it before preparing and then submitting the final regulation for approval by the relevant ministry.

Bangladesh EPZ

In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an 'Open Door Policy' to attract foreign investment to Bangladesh. The Bangladesh Export Processing Zones Authority (BEPZA) is the official organ of the government to promote, attract and facilitate foreign investment in the Export Processing Zones.

The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate, free from cumbersome procedures. Following information is provided to the potential investors for investment is EPZs of Bangladesh.

Eligible investors 100% foreign owned including Bangladesh nationals ordinarily resident abroad (Type-A).Joint venture between foreign and Bangladesh entrepreneurs resident in Bangladesh(Type-B) .100% Bangladesh entrepreneurs resident in Bangladesh (Type-C). Mode of Investment Investment in convertible foreign currencies by foreign investors. Option to establish public/private Ltd companies or sole proprietorship/partnership concerns.

Investment Guarantee

Foreign Private Investment (Promotion and Projection) Act 1980 secures all foreign investment in Bangladesh. OPICs (Overseas Private Investment Corporation, USA) insurance and finance programs operable. Security and safeguards available under Multi-national Investment Guarantee Agency (MIGA) of which Bangladesh is a member. Arbitration facility of the International Center for the Settlement of Investment Dispute (ICSID) available. Tele-communications Telex, Fax and International Dialing Services connected through satellite system available. Communications Adequate sea, rail, road and air communications services available.

ONE WINDOW SAME DAY SERVICE

Sanctions projects generally within one week. Issues required Import/Export Permits.

Issues required Work Permits for foreign national Working in EPZ enterprises.

Provides required infrastructure facilities in EPZs.

FACILITIES AND INCENTIVES FACILITIES

a. Land and factory building are available on rental basis. b. Electricity, water, gas and telecommunications are provided by the zones. c. Import and export permits are issued by EPZ within 24 hours. d. Work permits are issued by BEPZA. e. EPZ is a secured and protected area. f. Recreational facilities are available. g Availability of food stuff and beverage on payment of nominal tax for the foreigners working in EPZs. h. Potential investors are required to deal only with BEPZA for investment and all other operational purposes.

INCENTIVES

Fiscal Tax Exemption a. Tax holiday for 10 years b. Exemption of income tax on interest on borrowed capital. c. Relief from double taxation subject to bilateral agreement. d. Complete exemption from dividend tax for tax holiday period for foreign nationals. e. Exemption of income tax on salaries of foreign technicians for 3 years subject to certain conditions.

Duty Free Import and Export

a. Duty free import of machinery's, equipment and raw materials. b. Duty free import of three motor vehicles for use of the enterprises in EPZs under certain conditions. c. Duty free import of materials for construction of factory buildings in the zones. d. Duty free export of goods produced in the zones.

Non-Fiscal

I. Investmenta. All foreign investment secured by law. b. No ceiling on extent of foreign investment. c. Full repatriation of profit and capital permissible. d. Repatriation of investment including capital gains, if any, permissible. e. Remittances allowed

II. Project financing and banking a. Off-shore banking facilities available. b. Local and international banking facilities also wide-open. III. Import

a. Freedom from national import policy restrictions. b. Import of raw materials also allowed on Documentary Acceptance (DA) basis. c. Advantage of opening back to back LC for certain types of industries for import of raw materials.d. Import of goods from the domestic tariff area permissible.

IV. Project Implementation

a. Re-location of existing industries from one zone to another within the country permissible.

V. Operation

a. Sub-contracting within EPZ allowed. b. Inter-zone and intra-zone export permitted c. All customs formalities done at the gate site of the respective factory building within the zone. d. Permission for import/export given in the same day. e. Repairing and maintenance's of machinery's and capital equipment from domestic tariff area allowed.

VI. Employment

a. Liberal employment of foreign technicians/experts allowed. b. Foreigners employed in the zones enjoy equal rights similar to those of Bangladesh nationals.c. Law forbids formation of any labor union in the zones. Strike within the zones prohibited. VII. Support Services

Customs office, Post Office, Medical center, Fire station, Police station.