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Bangladesh to soon have a national handicrafts policy
03
Aug '11
Bangladesh's Commerce Ministry will soon constitute an inter-ministerial coordination committee to give a final shape to the national handicrafts policy, Commerce Minister Faruk Khan has said.

Speaking at a seminar on 'National Handicrafts Policy of Bangladesh', the Minister said that his Ministry wants to boost the handicrafts sector not only to earn more foreign exchange, but also to display the nation's wonderful history of traditions and legacy.

He further said that the Ministry would classify the sector as a thrust industry and would grant duty-exemption, as soon as possible, to all the handicraft exports in the interest of the rural poor.

A draft handicrafts policy has already been framed for Bangladesh Handicrafts Manufacturers and Exporters Association (Banglacraft) by Prof Momtaz Uddin Ahmed, a professor of economics at Dhaka University.

The draft policy says offering some monetary incentives, like tax exemptions and cutting down the corporate income tax rates, may help the handicrafts industry to thrive in Bangladesh.

AK Azad, President of Bangladesh Chambers of Commerce and Industry (BCCI) stated that BCCI would work in association with Banglacraft to aid the poor in the country.

He added that the Government needs to expand the Export Promotion Bureau (EPB) and the Trading Corporation of Bangladesh to help the sector to thrive.

Jalal Ahmed, Vice Chairman of EPB, said that the handicrafts policy would be given a final form only after consulting various stakeholders regarding relevant issues.

The issue of finalising this policy would be taken up once the exports policy is finalised, he added.

If the Government furthers some incentives and develops infrastructural facilities within the country, the handicrafts industry could develop into a big exporting industry, SU Haider, President of Banglacraft said and urged the Government to proclaim the handicraft sector as a thrust sector.

Fibre2fashion News Desk - India

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