Application to BEZA for bonded warehouse

Date: 17 th August 2022 The Chairman Bangladesh Economic Zone Authority Biniyog Bhaban, Plot#E-6/B, W Agargaon, Dhaka 1207 Attention: Mr. Mustafizur Rahman, Deputy Secretary Manager (OSS & Co-ordination) Subject: Seeking opining for the establishment of foreign own bonded warehouse in Economic Zone. Dear Sir, This is Yuji Ando, Country Representative of Japan External Trade Organization (JETRO) would like to inform you that JETRO is an investment promotion agency of the Japanese government and BEZA is our counterpart to facilitate investment from Japan. We cooperate with BEZA to promote an investment and sometimes introduce individual companies directly to BEZA. Recently some Japanese companies are willing to start business with Bangladesh by investing in Bangladesh for establishing bonded warehouse initially and later they will procced to establish factory in the EZ specially in the Bangladesh Special Economic Zone (BSEZ), Araihazar. The business types are mostly Textile Chemical related business based on back-to-back LC. Investors are willing to know whether they can establish bonded warehouse in the Economic Zone or not. Investors are also worry about the below question: -Is it possible to establish bonded warehouse first and factory later? -Bonded warehouse can get full set of facility on custom duty-free benefit? -Is there any time limitation on continuing as bonded warehouse in BEZA? -Does BEZA force company to start manufacturing? We believe that, as per the Customs Act, 1969 it is possible to establish and run the business of bonded warehouse in Economic Zone. Most of the Japanese investors are in dilemma for the above matter and share their thoughts with us. They are confused and unable to make proper investment decision for the establishment of bonded warehouse in the economic zone. In this circumstance it is highly requested to share your valuable opinion for the above issue and release the Japanese investors for the confusion. Thanks and regards, ____________ Yuji Ando Country Representative Japan External Trade Organization (JETRO)