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Meeting
decided to distribute free quotas |
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News |
May 12, 2000
Dhaka,
May 11 (UNB) – Although the government’s target of allocating free
quotas has failed, a high level meeting today (Thursday) decided to
distribute free quotas for the year 2000 to export readymade garments. Since
applications were invited for free quotas of the year 2000 as per earlier
decision and many organisations have already applied for, the quotas will
be allocated only for the year, the meeting decided. Commerce
Minister Abdul Jalil chaired the meeting attended by Additional Commerce
Secretary Mohammad Fazlul Huq, Vice Chairman of Export Promotion Bureau AB
Chowdhury and officials concerned. Free
quota was introduced to generate new entrepreneurs and exporters in the
garment sector, the country’s lion export earner. But,
the meeting observed that 98 per cent of the free quota-awarded
organisations sale their allocated quotas creating quota brokers who are
being benefited through transferring those from one hand to another. The
meeting said it also provoked corruption and an informal quota market, and
thus increased price of garments products, said an official handout. As
a result, the government’s aim of introducing the quota did not see any
success, it said.
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