Page 4 - Bonded-Warehouse-Automation

2021, it will be difficult for the government and development partners to successfully reach all

the targets under the Sustainable Development Goals by 2013. It may be noted that the country’s
ready-made garment (RMG) sector has the ambitious target of earning $50 billion from exports

by 2021. This will no doubt give a big boost to our economy and also help achieve the
sustainable development goals (SDGs). The apparel industry will get wider scope in entering a

profitable long-term commercial partnership as the Bangladeshi industrialists are moving

forward in the areas of green growth and sophisticated clean technology to achieve the SDGs.
Ready-made garment sector is a vital industrial sector of Bangladesh which is contributing to the

country’s export earnings, employment generation, and value addition and improved quality of
life of the people. RMG sector alone contributes approximately 80 percent of country’s total

export earnings and Bangladesh is the second largest apparel exporter in the world, next to

China. The Textile & Garment industry of Bangladesh holds the record for having a continual
and steady export growth. This may be mentioned that in the fiscal year 2015-2016, Bangladesh

earned more than $28 billion from RMG sector. In 2014-15, the export amount was $24.49
billion and in 2013-14, the amount was $21.51 billion. This picture of export shows that despite

the negative campaign of the vested quarter abroad, the country's ready-made garment industry
has a positive growth trend. This needs to be said that the garment industry is playing an

important role in socio-economic progress of Bangladesh. In particular, in the case of

empowerment of women, this industry is one of the driving forces. Currently, more than 44
million workers are working in garment factories in the country. 80 percent of them are women.

In view of this all possible assistance should be extended to this sector so that it can reach the
target of $50b by 2021.

As per Customs Act, 1969, 100% export oriented businesses are eligible to get bond facilities.

Bond facilities were present from the early year of Customs act enactment. Initially, Bond

benefits were monitored by the concern Custom Houses. Then one company has to go and
complete the required processes in all Custom Houses through which it imports or exports. It was

a very complex work for the reconciliation of import and export quantities. To avoid such

situation and encourage export businesses, the Customs Bond Commissionerate was established
in November 2000. There are different types of Bond Licenses issued by this office for

4