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Ito Naoki, the Japanese Ambassador to Bangladesh, has proposed extending the prevailing money incentive advantages on readymade garment (RMG) exports to 100 per cent international and joint funding firms listed beneath the export processing zones (EPZs) in Bangladesh whilst he underlined this was necessary to enhance the funding local weather in Bangladesh and encourage extra international firms to return to the nation.
Media stories maintained this including in a latest letter to Finance Secretary Fatima Yasmin, Ito Naoki, reportedly, mentioned extending this facility to all will enhance Bangladeshi exports to Japan in addition to Japanese investments within the nation (Bangladesh).
It might be talked about right here that at current, solely the home attire firms get money incentives for exporting merchandise to new markets even because the Japanese envoy advisable decreasing the prevailing 5 per cent money incentive towards RMG exports to 2 per cent and offering it to all, which may even ensure that the price to the Authorities can be not elevated.
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