• Sunday, Nov 01, 2020
  • Last Update : 03:40 am

Barvida for reevaluating draft automobile policy

  • Published at 09:08 pm September 19th, 2020
Barvida for reevaluating draft automobile policy
Top officials of Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) address the media at a briefing in the capital on Saturday, September 19, 2020 Courtesy

The existing industrial policy of the country was not properly followed while drafting the proposed policy

The Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) on Saturday urged the government to reevaluate the proposed Automobile Policy-2020 as it contradicted the existing industrial policy.

“The draft policy will destroy competition between the importers of reconditioned and brand-new cars,” said Abdul Haque, president of the association, in a press conference at the Economic Reporters Forum auditorium.

The existing industrial policy of the country was not properly followed while drafting the policy. The draft automobile policy contradicts the existing industrial policy in several aspects, the Barvida president said in his written speech.

In his speech, he also mentioned that the country has a special need for a realistic, balanced, forward looking and implementable policy for the automobile industry at a time when the country has been graduating to a developing middle income country.

"The aim of the policy should focus on protecting the interests of the citizens and consumers at the highest level by creating the opportunities of employment and investment and establishing a competitive car industry. Initiatives need to be taken to establish the technology driven industries to produce global standard cars in the country," he added.

According to the proposed automobile policy-2020, imports of reconditioned cars would be phased out over the next five years in a bid to encourage investments in the local car manufacturing companies.

The draft also mentioned that it would be possible to establish a new car manufacturing industry if there were at least 100,000 pieces in production annually, but on average, 20,000 vehicles are sold in the country every year, Haque remarked.

Barvida's Secretary General Md Shahidul Islam said that the ban on the import of reconditioned cars would be a suicidal step for the government as it earns nearly Tk,5000 crore in revenue from import duties.

The government should create a competitive market for the buying and selling of new and reconditioned cars in consideration of the clients, he also said.

Over the past three years, about Tk20,000 crore has been invested in the sector and nearly 50,000 employments have been created as well, said the secretary general.

Reconditioned cars comply with the "Euro 6" emission standards, but most of the brand new cars available in the country do not, he added.

From July to March of 2019-20 fiscal year, 8,040 units of reconditioned cars were imported while the government earned Tk1,026.33 crore in revenue from import duties, according to Barvida statistics.

Former Barvida president Md Habib Ullah Dawn and other members of the association were also present in the press conference.

52
51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail