BB unveils structured framework for import trade in FTZs
Bangladesh, July 17 -- 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, Authorised Dealer (AD) banks and Offshore Banking Units (OBUs) will deal with 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 authorised 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 good...
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