Seminar on Trade Finance Process held in DEPZ

A seminar on trade finance process was held on Tuesday in Dhaka Export Processing Zone, with a focus on investment facilities for investors in Uttara, Mongla and Ishwardi Export Processing Zones. Dhaka Export Processing Zone (DEPZ) and Standard Chartered Bank (SCB) jointly organised the seminar. The programme also focused on Foreign exchange guidelines, International Commercial Terms 2010, documents related to import and export transactions from EPZ, common discrepancies in trade documents, etc, said a press release issued on Tuesday. In his inaugural speech, DEPZ General Manager Tanvir Hossain thanked the existing investors for choosing EPZs for their investment. He described the special facilities prevailing in Uttara, Ishwardi and Mongla EPZs in northern and southern part of the country. The investors can avail themselves of seven years tax holiday, a reduced rate on leasing land and standard factory building, logistics support and connectivity with sea, rail, road and air. Tanvir requested the investors to invest in Uttara, Mongla and Ishwardi EPZs due to scarcity of plots in Dhaka and Chittagong EPZ areas. He informed the investors of BEPZA Economic Zones to be operated in Mirsarai and Chittagong and urged them to avail the opportunity of investment. Standard Chartered Bank Managing Director Alamgir Morshed and Head of Finance Apurbo Jain also addressed the seminar. They said a seminar of this magnitude will be beneficial for investors to operate their business. The other discussants at the seminar pointed out details on relaxed foreign exchange guidelines, fiscal and non-fiscal benefits for investors in EPZs, trade payment methods and International Commercial Terms, process and documents required in import and export transactions from EPZ, common discrepancies in trade and how to avoid them. Around 150 participants including investors of DEPZ and their representatives took part in the seminar.