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Overseas sell of soybean oil, onion and garlic banned

  • Sun Online Desk
  • 12th August, 2015 08:22:57 PM
  • Print news
Overseas sell of soybean oil, onion and garlic banned

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The government has imposed ban on overseas sell of soybean oil, onions and garlic as it approved a three-year Export Promotion Policy. Export of palm oil, ginger, flour and jute seeds also has been banned as because Bangladesh needs to import a lot of these products to meet its internal demand.


Export Guidelines 2015-2018 was approved at the meeting of the Cabinet Committee on Economic Affairs, headed by Finance Minister AMA Muhith, in the Secretariat on Wednesday.


According to the new policy, export of firearms, ammunitions and rare artifacts also have been banned.


Cabinet Division’s Additional Secretary Mostafizur Rahman told journalists that the new guidelines would be effective retrospectively from July.


The new guidelines aimed to generate export revenue of $60 billion by 2021, he added.


Bangladesh’s export earnings were $30.77 billion in the last fiscal.