Bangladesh Completes The Development Policy Of Leather And Its Products

According to the financial bulletin July 7th, the Ministry of industry of Bangladesh has drafted 2019 draft policies on the development of leather and its products and will be submitted to the cabinet committee for examination and approval. According to the draft, finished leather, footwear and leather products will be regarded as a priority development category, and appeal to give leather industry the same policy as garment industry, providing fast customs clearance. At present, leather industry is the second largest export industry after garment industry, which can meet the total demand of the global leather market of about 10%. In 2016/17 fiscal year, the export of leather and its products is 1 billion 230 million US dollars.