Posted on Apr 27, 2021

Hassan and Associates

The Bangladesh Export Processing Zones Act of 1980 was aimed at boosting industrialization and higher employment rate through promotion of trade and investment. While it was successful in terms of contributing $24.17 billion in export earnings from July to January of FY 2018-2019 and also creating more than 450,000 jobs in the process, EPZ, however, provides weaker domestic linkages and hence the government tried to move towards economic zones that cater to both domestic and export markets. With the aim of more private participation in developing and operating zones, the Bangladesh Economic Zones Authority Act and the Bangladesh Hi-Tech Park Authority Act were both formulated in 2010. Now, like BEPZA, there are two other agencies that have overlapping mandates
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