IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Aug 2014 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On 24 August 2014, the Bangladesh Bank published Circular No. 31 liberalising short-term external financing requirements for raw material imports of various agricultural processors. The benefiting raw materials and processors include (i) unrefined edible oil and oil seeds for refiners and millers, (ii) crude sugar for refiners, and (iii) unground wheat for flour mills.
 
An earler Circular No. 22 (see related measure) had put a requirement for quarterly repayment terms for all external financing of imports where either the financing period exceeded 6 months or the trade value exceeded USD 1 million.
 
The current measure removes the USD 1 million cap and therefore all such external financing for the above mentioned goods is exempt from the quarterly repayment requirement if the financing period is less than 6 months, regardless of the quantum of trade.

AFFECTED COUNTRIES

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