ANNOUNCEMENT 24 Feb 2014

In February 2014, the government of Bangladesh announced a change in import formalities.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 24 Feb 2014 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

On 24 February 2014, the Bangladesh Bank published Foreign Exchange Circular No. 09 providing the facility to shipping lines, air lines and multimodal transport operators licensed as freight forwarders to open and maintain an account in USD or other freely convertible currencies with authorized banks in Bangladesh. The accounts can be used for foreign currency receipts on FOB export cargos from Bangladesh and for foreign currency payments on FOB imports into Bangladesh.

AFFECTED PRODUCTS

 
N/A