10% cash incentive for juice, drinks export

The government has introduced a 10% cash incentive for exporting juices and drinks made from locally produced fruit pulp, aiming to boost the agricultural export sector.  

The announcement was detailed in a notification issued by the Foreign Exchange Policy Department of Bangladesh Bank on Thursday (November 21).  

According to the central bank's directives, this new incentive builds on existing policies to support exports of agricultural and processed agricultural products, including vegetables, fruits, and related items.  

The 2019 circular previously extended cash incentives for exports of various products such as: fruit pastes, fruit bars, tinned products, dehydrated items, juices, and drinks made from fruits and vegetables.  

Under the updated policy, the 10% cash incentive will now specifically apply to juices and drinks prepared from locally sourced fruit pulp, even if they are processed by associate or other domestic companies.  

Exporters in the agricultural and processed food sectors have been benefiting from this 10% cash incentive scheme, and the inclusion of juices and drinks aims to further strengthen the sector and encourage value addition using domestic raw materials.  

This initiative underscores the government’s commitment to promoting local agricultural products in the global market while supporting producers and manufacturers within the country.  

EAR/MSU/NMA