The government has announced a 20% cash incentive on the export of processed meat to encourage exports.
In a notification on Monday, the foreign exchange operation department of the Bangladesh Bank stated that the facility will be applicable throughout the current fiscal year till June 30 next year.
The government will also maintain incentives ranging from 1% to a maximum of 20% on exports of 43 items in the current fiscal, the notification added.
Besides, in the current FY23, the market of "New Product/New Market (Textile Sector) Expansion Assistance sector has been upgraded to (America/Canada/EU excluding UK)."
The previous market list did not include the EU market.
