Bangladesh will shore up and offer incentives for export-oriented industries. Six export products alone account for nearly 90 per cent of the country’s yearly export earnings. Bangladesh’s exporters have been passing through a torrid time in recent times because of the euro zone crises, higher production costs and infrastructure deficiencies.

Leather goods will get from 12.5 per cent to 15 per cent and a two per cent extra incentive will be provided for apparel exporters to the euro zone countries. Two promising industries—furniture and plastic goods—will be eligible for incentives. Furniture will get a 15 per cent incentive and plastic goods a 10 per cent subsidy. The furniture sector raked in 38.64 million dollars in the 2014-15 financial year.

Non-traditional items such as potato starch will be given a 20 per cent export incentive against their receipts, while carbon exports from jute stick will get 20 per cent. A three per cent incentive is applicable for export earnings to be generated from countries other than the US, Canada and EU markets. The export value of Bangladesh readymade garments in the EU declined by 2.70 per cent in the first six months of the current fiscal year.