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Bangladesh govt offers tax benefits for jute goods exporters

Related Keywords: a major destination of locally grown, are given tax benefits, Bangladesh government, Bangladesh Jute spinners association, enjoy source tax, Export Promotion Bureau, facing sluggish demand abroad, Jute Industry, processed natural fibre, prolonged crisis in the Middle East, support jute goods exporters

The Bangladesh government to support jute goods exporters and the industry that has been facing sluggish demand abroad are given tax benefits. The move comes at a time when the jute industry has been suffering sluggish demand for sacks, bags and yarn, owing mainly to the prolonged crisis in the Middle East, a major destination of locally grown and processed natural fibre.

Bangladesh jute spinners forced to cut production due to turmoil

Related Keywords: Bangladesh jute spinners, Bangladesh Jute spinners association, bank interest waiver, cut production, hit jute export trade, income of private jute spinners, jute mills, political turmoil, production cost, shipment of raw material

The political turmoil in Bangladesh has hit jute export trade and income of the country's 96 private jute spinners. Overall export earnings and activities of the factories have been hampered because of blockade coupled with hartals enforced by BNP-led 20-party alliance, the Bangladesh Jute Spinners association said.

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