* **Market Expansion:** The EPO identifies potential new markets for Bangladeshi products and outlines strategies for market penetration, including participation in international trade fairs and bilateral trade agreements.
* **Quality and Compliance:** It emphasizes the importance of improving product quality and ensuring compliance with international standards and certifications to enhance the competitiveness of Bangladeshi goods in global markets.
* **Value Addition:** The policy encourages the production of higher value-added goods to maximize export earnings. This might involve incentives for industries that process raw materials into finished products.
* **Support for Exporters:** The EPO details various forms sri lanka phone number list of support available to exporters, such as export credit facilities, duty drawback schemes, and bonded warehouse facilities, which help reduce costs and improve efficiency.
* **Ease of Doing Business:** Efforts are continuously made to simplify export procedures and reduce lead times through automation and improved logistics.
Understanding the interplay of various government bodies is crucial for navigating Bangladesh's export and import landscape:
* **Directorate General of Imports and Exports (DGIE):** As the primary regulator, the DGIE is responsible for issuing and renewing IRCs and ERCs. They are the gatekeepers for who can legally engage in international trade.
* **Ministry of Commerce (MoC):** The MoC formulates and revises the Import Policy Order and Export Policy Order, setting the strategic direction for Bangladesh's trade.