DHAKA, Oct 25, 2023 (BSS) - Bangladesh Bank (BB) has issued new guidelines
for cash incentive against exports of frozen shrimp and other fish items.

The Foreign Exchange Policy Department of the BB today issued the guidelines
and instructed all the authorised dealers in foreign exchange transactions
for immediate execution.

As per the new directive, from now on the application for cash assistance
will have to submit the certificate of the concerned trade organisation.

The BB directive stated that it is informed by the government decision that
the company applying for cash assistance in the frozen shrimp and other fish
export sector must be a member of the Bangladesh Frozen Foods Exporters
Association (BFFEA) or a member of the Bangladesh Marine Fisheries
Association (BMFA) for the export of frozen shrimp and other fish harvested
and processed from the deep sea.

Besides, from now on, the BFFEA and the BMFA certificates must be submitted
along with the application form for cash assistance against the export of
frozen shrimp and other fish.

The concerned exporting company should be a fish exporting company duly
licensed by the Department of Fisheries.

The said instructions will come into effect in respect of shipped goods from
the date of issue of the circular.