Regulatory Alerts2013-12-18
Added · Updated
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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