Potato exporters urge for 20pc cash incentive restoration

Staff Correspondent | Published: 23:16, Oct 26,2016

 
 

Bangladesh Potato Exporters Association on Wednesday urged the government to restore the 20 per cent cash incentive facility for the potato exporters to save potato farmers as well as the exporters.
BPEA president Sheikh Abdul Quader made the call while speaking in a press conference at the National Press Club in the city.
The potato exporters got 20 per cent cash incentives on export till fiscal year 2015-2016 beginning from 2011 as part of government’s support for the ailing sector that helped enhancing potato export from the country gradually, said BPEA president.
In September 26, the Bangladesh Bank, however, reduced the incentive to 10 per cent for the FY 2016-2017 leaving severe impact on the potato export, he said.
‘A number of exporters have informed me that their export orders from Nepal, Singapore and Sri Lanka were cancelled as exporters have lost competitiveness due to the reduction of cash incentive,’ Quader said.
‘Unless the 20 per cent cash incentives are restored, exporters would not be able to compete in the global markets where prices of potato are on gradual decline,’ he said.
He also urged the government to take proper measures in restoring potato exports in countries like Russia, Indonesia, Vietnam, Thailand and Philippines where exports have been halted for different barriers.
BPEA also requested the government’s authority concerned to release export suitable variety of potato seed soon so that Bangladesh can explore new markets.
BPEA secretary general Md Zakir Hossain, general secretary Zakir Hossain and organizing secretary Kazi Morshed, among others, were present in the occasion. 

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