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Govt passes new import-export policy proposals

06
Feb '07
Government approved new import-export policy and Export Policy and the Export Development Strategy Paper (EDSP) proposal yesterday, which will be operational for 2006-2009 period.

Under these schemes without Letters of Credit (LC), the import-limit would be extended from US $25,000 to $35,000.

Meanwhile the limit of sample textile raw material import for RMG clothing exporters has also been raised to 0.3 percent from the current 0.2 percent.

EDSP proposes to face and fight problems following the conclusion of Multi-Fibre Agreement.

This also urges special facilities for exporting certain products such as readymade garments, leather and leather goods, frozen food, ICT goods and services, light industry goods and jute products.


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