Bangladesh, July 16 -- The central bank has introduced a structured framework to regulate import trade into Free Trade Zones (FTZs), aiming to facilitate transactions while ensuring prudent risk management by banks.
Under the framework, Authorized Dealer (AD) banks and Offshore Banking Units (OBUs) will handle FTZ-related transactions in line with foreign exchange regulations, according to a notification issued by the Bangladesh Bank (BB) on Thursday.
Eligible importers include industrial enterprises, importers on record authorized to undertake trading activities, and logistics service providers operating within FTZs, it added.
The framework allows consignment-based imports, where ownership remains with foreign suppliers until goods are ...