Key Takeaways
- Bangladesh aims to establish a free trade zone to boost economic growth and trade.
- The free trade zone will be established within a year, with a national committee formed to explore its feasibility.
- The committee will review existing legislation and recommend necessary amendments or new laws to facilitate the establishment of FTZs.
Dhaka: The Bangladeshi interim government has announced plans to establish a free trade zone (FTZ) in the country.
According to a media release from the Chief Adviser’s Office, a national committee has been formed to explore the establishment of such an FTZ within a year, United News of Bangladesh (UNB) reported Wednesday.
On April 21, the Bangladesh Economic Zones Authority formed a national committee to assess the feasibility of establishing an FTZ in Bangladesh.
The committee has been tasked with reviewing existing legislation, including the Bangladesh Economic Zones Act, the Customs Act, and import-export regulations, and recommending necessary amendments or the formulation of new laws, rules, and guidelines conducive to the establishment of FTZs.
