Bangladesh Bank Relaxes Export Rules

This move by the Foreign Exchange Policy Department (FEPD) aims to reduce delays and enhance the efficiency of international trade transactions. Authorized dealers (ADs) are now permitted to allow exporters to issue transport documents in the name of the foreign importer or a designated party.

However, certain eligibility criteria apply: exporters must have a minimum export turnover of $1 million over the past three fiscal years and must not have any overdue export proceeds at the time of availing of this facility. The central bank emphasized that ADs must remain satisfied with the repatriation of export earnings and ensure strict monitoring to prevent any revenue loss. Signed by Director (Current Charge) Dr. Md. Abu Bakar Siddique, this directive comes into effect immediately.