Export Promotion Bureau of Bangladesh suggested an increase for cash incentive on shrimp export

A government agency has suggested increasing the cash incentives on exports of frozen shrimps and other fish to help boost fish production and export earnings. The Export Promotion Bureau (EPB) sent the recommendation to the Ministry of Commerce (MoC) last week in line with the latter's directive. In its recommendation, the EPB proposed that the rates of cash incentives should be 20 per cent and 15 per cent on exports of ready-to-eat or about ready-to-eat fish and frozen shrimp respectively. It also suggested providing 15 per cent and 10 per cent cash incentives on the export of live crab and eel and other fish. The frozen fish industry currently gets 7.0 -10 per cent cash incentives on shrimp exports and 2.0-5.0 per cent on other fish exports. The state agency thinks that the rate of cash incentives for frozen shrimp and all other fishes, including live fish, live crab, and eel, should be increased like other agriculture sectors to help boost the production and export earnings. ...