The government has taken a move to review the effectiveness of existing export subsidies and prepare guidelines on offering subsidies to exporters in future. The Commerce Ministry has already formed a six-member committee, consisting of representatives from Bangladesh Tariff Commission, Export Promotion Bureau, Bangladesh Bank and Federation of Bangladesh Chambers of Commerce and Industry to review the existing system regarding the subsidies and prepare the guidelines. BTC member Mostafa Abid Khan is the head of the committee while the commission will act as the secretariat of the committee. The commission has sought nomination from the respective agencies for the committee. The committee will mainly prepare the guidelines for recommending alternative policy benefits in future considering the country’s probable graduation from the least developed country to a developing one.

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