http://www.theindependent-bd.com/details.php?nid=154533
Raw jute ready for shipments gets export ban exemption
December 21, 2009
Raw jute ready for shipments got exemption from the export ban that came into effect last week.
The government last week imposed an indefinite ban on exporting raw jute to help meet the local demand.
Shipments of raw jute at Chittagong port remained suspended following the decision, but an inter-ministry meeting decided Sunday to allow export of raw jute awaiting shipments.
Minister for Textile and Jute Abdul Latif Siddiqui chaired the meeting, attended by the representatives from the ministries of finance, foreign affairs and commerce.
The ministry of textile and jute at another meeting on Sunday also took some major decisions to revive the glory of the country’s golden fibre-jute.
The decisions include providing Bangladesh Jute Mills Corporation (BJMC) with the state guarantee for bank loan and paying the interest on credit to BJMC by this month.
The meeting also advised the commercial banks to provide loans to the private sector for producing jute and jute goods.
High government officials and representatives from different organisations of the jute industry were present at the meeting.