Jute traders' body demands policy support
Bangladesh Jute Association (BJA) has urged the government to provide benefits to raw jute traders by treating such jute as an agricultural commodity.
It also demanded the government to ensure availability of bank loans to raw jute exporters at 8 percent interest and a cut in advanced income tax deducted on the value of exported raw jute, BJA said in a statement yesterday.
The trade body placed the demands ahead of the government's preparations to frame the budget for 2014-15. BJA justified the demands citing traders' losses due to exports slump in the ongoing fiscal year.
Exporters bring in Tk 2,000 crore a year by exporting the surplus raw jute after meeting local mills' demand.
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