Bangladesh reduces REX payment for RMG export to EU



Bangladesh’s Export Promotion Bureau lately lowered the service cost for the Registered Exporters System (REX) of the European Union (EU) as readymade garment exporters termed the payment illogical. The speed for verification of paperwork below the REX was lowered to Tk 250 from Tk 375 in opposition to every consignment of products to be exported to the EU.

As per directions from the EU, the federal government launched a registered exporter system for the nation’s exporters for cargo of products to the European Union in July 2019 by giving registration numbers to 10 exporters.

Below the system, Bangladeshi exporters would self-certify the nation of origin to avail the Generalised System of Desire facility on the EU market.

Earlier than introducing the REX system, the commerce ministry set a service cost of Tk 375 in opposition to every consignment of export items. The nation’s attire makers termed the cost illogical and no exporters paid the fees.

Within the face of opposition from the exporters, EPB in its 140th board assembly lowered the cost and requested the exporters to pay a complete of Tk 250 that included 10 per cent earnings tax or Tk 20 and 15 per cent value-added tax or Tk 30 on the service cost.

The federal government company, in a November 16 round, stated the 140th board assembly of EPB had re-fixed the REX service cost at Tk 200 for every export consignment.

The Bangladesh Garment Producers and Exporters Affiliation on Wednesday requested all its member factories to adjust to the brand new cost. The Bangladesh Knitwear Producers and Exporters Affiliation, nevertheless, nonetheless stays against the cost and phrases it illogical.

Fibre2Fashion Information Desk (DS)

Bangladesh’s Export Promotion Bureau lately lowered the service cost for the Registered Exporters System (REX) of the European Union (EU) as readymade garment exporters termed the payment illogical. The speed for verification of paperwork below the REX was lowered to Tk 250 from Tk 375 in opposition to every consignment of products to be exported to the EU.





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