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How will FoC cap removal impact the Bangladesh RMG industry?

Last month, the Investment Coordination Committee (ICC) made a bold move that could reshape the future of Bangladesh’s export-oriented industries. The committee announced that it would eliminate the quota on ‘Free of Charge’ (FoC) imports for *** per cent export-oriented enterprises—a decision that was expected to be integrated into policy in the following weeks.

The shift is seen as part of a broader effort to foster an investment-friendly environment in the country, with a focus on mutual accountability and improved implementation. According to the Chief Adviser for International Affairs’ Special Envoy, the goal behind the move is to create a more competitive business landscape that will not only benefit the industry but also attract more foreign investment.