Home Economy Bangladesh waives import duty on poultry items

Bangladesh waives import duty on poultry items

By Xinhua

Dhaka : Bangladesh has withdrawn import duty and the mandatory pre-shipment inspection (PSI) from all kinds of poultry items in view of the heavy financial losses caused to the farmers due to bird flu.

Bangladesh’s National Board of Revenue has issued an order to wave the import duty from poultry feed items and all kinds of machinery used in poultry farms, officials said Sunday.

Bangladesh poultry farmers import around 500,000 tonnes of poultry feed annually from India, China, Thailand and Myanmar.

According to the livestock ministry, the bird flu has so far affected 46 out of the country’s 64 districts, since the virus was first detected early last year.

The government has set up a fund of 1 billion taka (around $14.3 million) to compensate the farmers, who have incurred losses due to bird flu.