Bangladesh’s proposed duty on machine imports raises FDI concern

Stakeholders have expressed concern that government’s proposed 1 per cent import duty on capital machinery for all industries in economic zones will discourage foreign investment.
The BEZA announced its intention to appeal to the government for the withdrawal of the duty, as per reports.
The FBCCI is also reportedly planning a similar appeal.Stakeholders have expressed concern that government’s proposed 1 per cent import duty on capital machinery for all industries in economic zones will discourage foreign investment.
The BEZA announced its intention to appeal to the government for the withdrawal of the duty, as per reports.
The FBCCI is also reportedly planning a similar appeal.