In the next budget for the fiscal year 2024–2025, manufacturers of packaging and accessories from Bangladesh are pushing for equal import opportunities for tariff and non-tariff bonded enterprises. Additionally, they are requesting a three-year window for import availability in order to bolster the ready-to-wear sector.
The BGAPMEA president, Md. Al Shahriar, stressed the importance of addressing import limitations in his budget suggestions for FY25, which focused on non-tariff area companies. He called for streamlined procedures, pointing out the discrepancy in audit completion timeframes notwithstanding required document submission.
Businesses that depend on local raw materials are finding it difficult to comply with the requirement for bank guarantees at ports, which drives up production costs. Due to the unfair rivalry that results between bonded and non-bonded establishments, import availability must be equalised.
