Country like we, should create such a business atmospheres for making “Easy of Doing Business by implementation of easy and simple trade policies, otherwise it would be difficult to achieve expected good success.

For Export Diversification, may adopt and implement following easy & simple policies:

1) Facilitate secured Bond or imports against Bank Guarantee for Export only.

Note: Against Bank Guarantee means, Revenue is fully secured, it is tax paid by the instrument instead of cash for making prices competitive.

2) Adjustment in between import & export should be based on realistic value addition basis for making prices competitive. Otherwise, would be very difficult to compete with China, Vietnam, India and other countries.

For Example: 85% or 80% of FOB Export value may adjusted as cost of Raw Materials for making export commodities.

Note: Import-Export adjustment based on Input-Output coefficient basis.

is a complex accounting method, there is ample scope of abuse and mislead, adjustment based on flat value addition (%) is a most easy method for keeping transparent accounts and no scopes of abuse,

If the Government consider the above terms for Export Diversification and as well as for making “Easy of Doing Business” our Economy will Boost significantly with the following advantages and benefits:

a) May possible to bring about a balance between Import and export trade.

b) Joint and local Investment, including foreign direct investment (FDI), will increase.

Note: Those countries are facing Anti-Dumping and higher import Taxes Imposed against them may feel to invest here for continuing their export business silently and smoothly.

c) The quality of local products, including export earnings and pricing power, will be increased and the expansion of export markets in addition to the local market will be encouraged:

d) Investment in Backward and Forward Linkage Industries will increase significantly in the production of versatile products in various industrial sectors and foreign direct Investment (FDI) will be encouraged, which will help to build a sustainable economy and industrial base:

e) The widespread expansion of various industrial, commercial, and service sectors will generate huge revenue and create massive employment opportunities:

f) will be an opportunity to become known as a competitive business-friendly country in the global market.

Md. Saifur Rahman, Chairman, SKB Stainless Steel Mills Ltd.