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What does Export Promotion Bureau do?

Posted on August 23, 2022 by David Darling

Table of Contents

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  • What does Export Promotion Bureau do?
  • What is the total export of Bangladesh in 2021?
  • Which country is the biggest trade partner of Bangladesh?
  • What EPB means?
  • What documents are needed for export from Bangladesh?
  • How do I get export incentives?
  • How can I get GSP Certificate in Bangladesh?
  • What is the procedure for export from Bangladesh?

What does Export Promotion Bureau do?

Export Promotion Bureau (EPB), Bangladesh under the Ministry of Commerce is a government agency of the country, entrusted with the responsibilities of promoting export of the country.

Who is in charge of EPB in Bangladesh?

Kumkum Sultana
Head office

Name Kumkum Sultana
Designation Director(Policy and Planning)-Current Charge
Office Export Promotion Bureau
E-mail [email protected]

What is the total export of Bangladesh in 2021?

DHAKA, Jan. 4 (Xinhua) — Bangladesh’s total exports in the first half of the current 2021-22 fiscal year (July 2021-June 2022) reached nearly 25 billion U.S. dollars, up 28.41 percent year on year, according to the latest official data.

What is cash incentive in Bangladesh?

The Government of Bangladesh have launched an initiative to provide a 2.5% incentive on money sent by expatriate Bangladeshis, to encourage more people to send money back home.

Which country is the biggest trade partner of Bangladesh?

List of the largest trading partners of Bangladesh

Rank Country Total Trade (2016)
1. China 15.16
2. United States 6.98
3. India 6.59
4. Germany 6.19

Who is the GSP issuing authority?

GSP means, Generalized System of Preference, which is issued by Export Inspection Agency. Export Inspection Agency has offices in all major cities to serve exporters in maintaining best quality to meet the specification of buyer to have best quality management system for exporters.

What EPB means?

An electronic parking brake (EPB), also known as an electric parking brake or electric park brake, is an electronically controlled parking brake, whereby the driver activates the holding mechanism with a button and the brake pads are electrically applied to the rear wheels.

Which product does Bangladesh export most?

Bangladesh’s Top 10 Exports

  • Knit or crochet clothing, accessories: US$25 billion (47.7% of total exports)
  • Clothing, accessories (not knit or crochet): $19.3 billion (36.8%)
  • Miscellaneous textiles, worn clothing: $1.5 billion (2.8%)
  • Footwear: $1.3 billion (2.4%)
  • Paper yarn, woven fabric: $798.4 million (1.5%)

What documents are needed for export from Bangladesh?

Documents related to Export Goods Transportation:

  • Sales Contact/Letter of Credit.
  • Commercial Invoice.
  • Packing list.
  • Exp. Form from Commercial Bank.
  • Certificate of Origin.
  • GSP/SAPTA/APTA/KPT Certificate.
  • Health / Sanitary & phyto Sanitary Certificate.
  • Bill of Export/Shipping Bill.

What is Bangladesh’s top export product?

How do I get export incentives?

Application for claiming incentives under the MEIS Scheme shall be filed online in the specified format i.e. ANF-3A using Digital Signature. The application for export of goods shall be filed with the concerned Regional Authority of DGFT on DGFT Website. Separate application shall be filed for each port of export.

Do the exporters get 2% incentive?

The 2-per cent cash incentive remained unchanged for exporters of apparel products to the Eurozone in FY21 as it was awarded in FY20.

How can I get GSP Certificate in Bangladesh?

The Bangladesh Trade Portal (BTP) is an official source of all regulatory information relevant to traders who wish to import goods into Bangladesh or export to other countries….Process Steps.

Step 1 Applicant collects there (3) sets of Application Form
Step 3 Obtains certificate from the Front Desk

WHO issues GSP Bangladesh?

EPB
Bangladesh’s EPB, under the ministry of commerce, issues GSP certificates. Exporters allege that it has become an open practice to pay Tk 300 extra per certificate.

What is the procedure for export from Bangladesh?

Export/ Import Procedure

  1. Trade License.
  2. TIN License.
  3. VAT License.
  4. Memorandum of Association and Articles of Association /Partnership Agreement.
  5. Certificate of Incorporation.
  6. Rent Agreement or Ownership proof.
  7. Holding Tax payment receipt.
  8. NoC declaration from the Local Authority.

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