Doc Summary
Business leaders and stakeholders have expressed concerns that the government’s proposed 1% import duty on capital machinery for all industries in economic zones will discourage foreign investment.
The Bangladesh Economic Zones Authority (Beza) announced its intention to appeal to the government for the withdrawal of the duty. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is also planning a similar appeal.
Among the voices expressing concern, Suman Bhowmik, general manager (accounts) of Meghna Group of Industries, highlighted the potential negative impact on foreign investment.
