The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.

The commerce ministry will again write to the finance ministry to provide a 10 per cent cash incentive to garment exporters making goods out of man-made fibres to offset the pandemic’s fallouts and challenges of Bangladesh’s country status graduation.

In the pursuit of something trendy, something easy and affordable, we are losing sight of one crucial aspect: sustainability. Bangladesh’s high jute production presents an excellent opportunity for us to step in and re-capture a market that is constantly in need. Although the Golden Era for jute — the Golden Fibre — is spoken in past tense, based on current global demand and as nations come together to create a sustainable future — a second coming is just across the horizon. 

The government announces cash incentives on exports of furniture and plastic products in a bid to encourage the businesses to export more.

India agreed in principle not to carry out investigations relating to anti-dumping and countervailing duties on jute goods exported from Bangladesh, a senior commerce ministry official said yesterday.