POST TIME: 7 September, 2021 01:46:34 PM / LAST MODIFIED: 7 September, 2021 10:10:13 PM
Bangladeshi investors to ‘get tax exemption’ in Uzbekistan
Nafiza Dawla from Tashkent

Bangladeshi investors to ‘get tax exemption’ in Uzbekistan

Bangladeshi investors will get tax exemption and duty free facilities if they invest in Uzbekistan, Sardor Umurzakov, deputy prime minister of Uzbekistan, said on Monday.

Bangladeshi businesses will also get policy supports for joint ventures, Umurzakov added.

Umurzakov offered the benefits to Bangladesh at a view exchange meeting between the leaders of FBCCI, the top business association of Bangladesh, and the representatives of business community of Uzbekistan at the International Trade Centre in Tashkent.

Umurzakov also assured of offering easy visa facilities to the investors and tourists from Bangladesh.

Attending the meeting, Salman F Rahman, private industry and investment affairs advisers to the prime minister, said it is high time the two countries enhanced the bilateral trade between them.

Salman F Rahman also said there are many textile products that are not being produced in Bangladesh but Uzbekistan is producing, hinting at scopes of cooperation in textile sector.

Moreover, as Bangladesh imports fabric and raw materials to make garment items, Uzbekistan can take the advantage, Salman F Rahman added.

Highlighting Bangladesh’s success over the past decade, the adviser said Bangladesh has had a steady climb in the rankings of progresses in South Asia.

On behalf of the FBCCI, Bangladeshi investors discussed the possibility to accelerate investment and cooperation in six sectors -- pharmaceuticals, IT, textile, construction agriculture, and ceramics.