The government has lifted all import and regulatory duties on rice to ensure food security and control prices for the common people.

The National Board of Revenue (NBR) issued a Statutory Regulatory Order (SRO) on Thursday.

Earlier, the Directorate of Food submitted a report on the country's overall rice stocks to the food ministry. Bangladesh Trade and Tariff Commission (BTTC) sent another report to food and commerce ministries, and the NBR about the rice price situation.

Both reports recommended withdrawing all import duties on rice to encourage imports.

On October 20, the NBR reduced import duties to 25 percent from 62.5 percent to help regulate the local rice market.

BDST: 1532 HRS, NOV 01, 2024
MN