Bangladesh Bank (BB) has withdrawn cash incentive to export shoes and bags made of a mixture of synthetic materials and fabrics under the bond and duty drawback facilities. The changes will come into effect for shipped goods from 1 February 2024, according to a circular issued by Bangladesh Bank's Foreign Exchange Policy Department (FEPD). Currently, the government offers an 8 percent incentive on such exports. Source: Bangladesh Sangbad Sangstha
