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Corporate Update

Bangladesh To Expand Export Incentives, Reforms

• By  Textile Excellence
• April 30, 2026

Bangladesh Finance Minister Amir Khosru Mahmud Chowdhury reaffirmed the government's firm commitment to transforming the country's business environment, pledging to remove major hurdles and ensure greater ease of doing business for the private sector.

"The government sees the private sector as the main driver of economic growth and development. The country would increasingly act as a facilitator by providing necessary infrastructure and policy support, rather than remaining a conventional regulator," he said.

The Minister made the remarks while speaking at the 46th meeting of the consultative committee between the National Board of Revenue (NBR) and FBCCI, held at a hotel in the city.

In a significant policy shift, Amir Khosru Mahmud Chowdhury announced that all promising export-oriented sectors would receive facilities similar to those currently enjoyed by the readymade garments (RMG) industry. 

He emphasized that potential misuse by a few should not hinder opportunities for the majority of compliant businesses.

Addressing business costs, he acknowledged longstanding challenges, including patronage-based practices, hidden expenses, and administrative inefficiencies. 

He urged business leaders to submit detailed feedback within the next three months on barriers they face, particularly highlighting corruption and mismanagement at ports as key contributors to high operating costs.

The Minister also highlighted the government's push toward full automation and digitization to minimize direct interactions with officials and reduce harassment. 

He noted that the Cabinet has approved a major initiative to deliver all public services through an integrated digital platform under a "One Citizen, One Card" framework, which is expected to streamline tax processes and curb corruption.

Emphasizing economic democratization, he said the government aims to ensure equal opportunities for all entrepreneurs, free from political patronage. 

He also called on trade bodies to support efforts to widen the tax base, ensuring a fairer and more competitive business environment.

"If the private sector prospers, Bangladesh prospers," he said, assuring continued dialogue with stakeholders to address financial and administrative challenges.

In a significant policy shift, Amir Khosru Mahmud Chowdhury announced that all promising export-oriented sectors would receive facilities similar to those currently enjoyed by the readymade garments (RMG) industry. He emphasized that potential misuse by a few should not hinder opportunities for the majority of compliant businesses.