The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called for an extension of existing facilities for economic zones for an additional five years.
In the national budget presented on 6 June, the government proposed a 1% import duty on capital machinery for all industries in economic zones and high-tech parks for the fiscal year 2024-25.
During a briefing on 8 June at the FBCCI office in Motijheel, FBCCI President Mahbubul Alam urged the government to withdraw this proposed duty. “If the existing facilities are not maintained, it will discourage foreign investment in these special zones and could potentially send a negative message to international investors,” Alam stated.
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