BB allows exporters to access global consumers through online marketplaces
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The central bank has relaxed its foreign exchange regulations to facilitate business-to-consumer (B2C) exports by allowing Bangladeshi exporters to list and display goods on globally recognized online marketplaces and platforms accessible to foreign buyers.
Exporters are now allowed to undertake small-value exports of up to US$ 5000 per transaction on Cost and Freight (CFR) terms, according to a notification, issued by the Bangladesh Bank (BB), on Monday.
The central bank has also waived the EXP Form requirement for shipments worth up to $1000, provided full payment is received in advance through banking channels or authorized digital payment systems.
The new framework allows shipping documents to be issued in the name of foreign buyers, according to the notification.
The central bank also permits refunds to overseas buyers in cases of returns or quality claims and allows remittances for subscription, registration, membership and other service-related fees payable to online marketplaces, subject to existing foreign exchange regulations.