FEPD Circular No. 16: Export Development Fund (EDF)

Member manufacturer-exporters of the Leathergoods & Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) and the Bangladesh Ceramic Wares Manufacturers’ Association (BCWMA) are permitted to draw Export Development Fund (EDF) finance for bulk imports against estimated requirements for up to one year. This authorization is based on their export performance over the preceding year, rather than specific export orders. The directive applies to authorized dealers of foreign exchange in Bangladesh and leaves other instructions in FE Circular No. 25, dated December 22, 2009, and its subsequent circulars unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka. www.bb.org.bd
FE Circular No. 16 Date: December 18, 2013
All Authorized Dealers of
Foreign Exchange in Bangladesh
Dear Sirs,
Export Development Fund (EDF)
Export oriented manufacturing units in certain sectors like BTMA member mills, BGAPMEA and BPGMEA member accessories/packaging material manufacturer-exporters can access for input imports in bulk based on their past performance rather than against specific export orders at hand. Input import needs of finished leather/leather goods/ceramic ware manufacturer-exporters against each specific export orders often being not big enough to attract interest of suppliers abroad; it has been decided that member manufacturer-exporters of Leathergoods & Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) and Bangladesh Ceramic Wares Manufacturers’ Association (BCWMA) will also be allowed to draw EDF finance for bulk imports against estimated requirements for upto one year, based on their export performance over the preceding year.
02. Other instructions contained in FE Circular No. 25, dated December 22, 2009 and its
subsequent circulars shall remain unchanged.
Please bring the content of this circular to the notice of all concerned. Yours faithfully, (Md. Jahirul Hoque) Deputy General Manager Phone: 9512604

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Source: Bangladesh Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works