Govt must address exporters’ challenges after cutting incentives – Professor Mustafizur Rahman | CPD

Govt must address exporters’ challenges after cutting incentives – Professor Mustafizur Rahman | CPD

Originally posted in The Business Standard on 30 January 2024

The government should address a wide range of export-related challenges that go beyond traditional subsidies.

We do not just support exporters through subsidies. There are several other areas. The government needs to pay special attention to reducing the hassles in those areas.

Customs clearance emerged as a key concern for most exporters. Rising costs of doing business due to various factors, including extortion, is another concern. The government should take decisive action in these areas.

For the upcoming LDC graduation in 2026, importance should be given to aligning policies with the rules and regulations of the World Trade Organization. There is a need for proactive coordination to facilitate a smooth transition.

As regards subsidies, there has been a history of providing product-specific and new market subsidies to boost exports but there needs to be policy coordination to prepare for the LDC graduation in 2026.

Even if export incentives were withdrawn, it might not pose a significant challenge.

To enhance the investment environment for exporters, there must be simplified export permissions, improved customs efficiency, and strengthened government institutions. Simultaneous intervention in all relevant areas is also necessary.

Good governance is the key to addressing the root causes of several issues faced by exporters.

The exchange rate is a matter of concern and there is a need for quicker coordination in achieving a market-based exchange rate.

With the government facing pressure from both the dollar and the Taka, a shift is needed in focus towards increasing the tax-to-GDP ratio. Increasing taxes is a critical task to overcome the ongoing crisis.

A zero-tolerance towards corruption and money laundering is crucial to resolve the country’s crises effectively.

Prof Mustafizur Rahman is a distinguished fellow at CPD.

Disasters Expo USA, is proud to be supported by Inergency for their next upcoming edition on March 6th & 7th 2024!

The leading event mitigating the world’s most costly disasters is returning to the Miami Beach

Convention Center and we want you to join us at the industry’s central platform for emergency management professionals.
Disasters Expo USA is proud to provide a central platform for the industry to connect and
engage with the industry’s leading professionals to better prepare, protect, prevent, respond
and recover from the disasters of today.
Hosting a dedicated platform for the convergence of disaster risk reduction, the keynote line up for Disasters Expo USA 2024 will provide an insight into successful case studies and
programs to accurately prepare for disasters. Featuring sessions from the likes of The Federal Emergency Management Agency,
NASA, The National Aeronautics and Space Administration, NOAA, The National Oceanic and Atmospheric Administration, TSA and several more this event is certainly providing you with the knowledge
required to prepare, respond and recover to disasters.
With over 50 hours worth of unmissable content, exciting new features such as their Disaster
Resilience Roundtable, Emergency Response Live, an Immersive Hurricane Simulation and
much more over just two days, you are guaranteed to gain an all-encompassing insight into
the industry to tackle the challenges of disasters.
By uniting global disaster risk management experts, well experienced emergency
responders and the leading innovators from the world, the event is the hub of the solutions
that provide attendees with tools that they can use to protect the communities and mitigate
the damage from disasters.
Tickets for the event are $119, but we have been given the promo code: HUGI100 that will
enable you to attend the event for FREE!

So don’t miss out and register today:

And in case you missed it, here is our ultimate road trip playlist is the perfect mix of podcasts, and hidden gems that will keep you energized for the entire journey


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More