INTRODUCTION

Greetings, my part of the presentation will focus on explaining the export policies that are
currently in place. To understand this topic, we need to know two things: exports and export
policies. Exports are when a firm or organization sells its product internationally rather than
domestically. Export policies comprise rules or regulations that exporting firms must abide by in
order to actually sell their products and generate income.

BODY
Now let’s take a closer look into the current export policies which range from FY 2021-24.
There are three fundamental objectives of this policy: recover from the downward trajectory
brought upon by the pandemic, overcome the challenges of the Fourth Industrial Revolution
(4IR) and to affirm Bangladesh comfortably as a developing nation. To achieve such goals, the
government has laid out a roadmap, highlighting the importance of diversifying exports, gaining
stability in foreign markets and recovering from COVID-19.

To diversify and get out of the bubble of relying on RMG for a huge chunk of yearly exports, the
government has encouraged new sectors like ICT, Software, BPO, freelancing and tourism to
step up their game and grow into potential powerhouses in the international markets.

To attain stability in foreign markets, the government has detailed the importance of promoting
the brand of ‘Made in Bangladesh’. Local firms have been encouraged to take part in
international trade fairs and focus on the exchange of business delegation to be acquainted with
the ‘Made in Bangladesh’ brand.

To recover from COVID-19, the government has established several policies to help all export-
driven sectors attain some much needed stability. These include: extended bonded warehouse
facility to numerous industries, reduced corporate tax and other incentives for sectors using labor
intensive and high productivity processes.

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