Bangladesh : Improving Competitiveness through Trade Policy Reforms

Bangladesh : Improving Competitiveness through Trade Policy Reforms

In an increasingly competitive, globalizing world, Bangladesh needs to rationalize its tariff structure and lower overall protection so that its exports can compete in world markets. At the same time, the government needs to protect revenues in a...

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Bibliographic Details
Main Author: World Bank
Format: Foreign Trade, FDI, and Capital Flows Study
Language:English
Published: Washington, DC 2012
Subjects:
CD
CDS
COMPETITIVENESS
CONSUMER GOODS
CONSUMERS
CUSTOMS
CUSTOMS DUTIES
CUSTOMS DUTY
CUSTOMS REVENUE
DEVELOPING COUNTRIES
DOMESTIC INDUSTRIES
DOMESTIC TAXES
ECONOMIC EFFICIENCY
ELASTICITY
EXCHANGE RATE
EXCHANGE RATE SYSTEM
EXPENDITURES
EXPORT BASKETS
EXPORT BIAS
EXPORT GROWTH
EXPORTS
FINAL GOODS
GDP
GLOBAL COMPETITION
GLOBAL MARKET
IMPORT DUTIES
IMPORT DUTY
IMPORT REGIME
IMPORT SUBSTITUTION
IMPORTS
INCOME TAX
INDIRECT TAXES
INFRASTRUCTURE DEVELOPMENT
INTERNATIONAL MARKETS
LEVIES
PROTECTION CAN
PROTECTIONIST
PROTECTIVE TARIFFS
QUANTITATIVE RESTRICTIONS
RATES OF PROTECTION
TARIFF CHANGES
TARIFF PROTECTION
TARIFF REDUCTION
TARIFF STRUCTURE
TAX
TAX BASE
TAX EXEMPTIONS
TAX EXPENDITURES
TAX RATES
TRADE LIBERALIZATION
TRADE POLICY
TRADE POLICY REFORM
TRADE POLICY REFORMS
TRADE PROTECTION
TRADE REGIME
WORLD MARKETS
Online Access:http://documents.worldbank.org/curated/en/2007/05/16267505/bangladesh-improving-competitiveness-through-trade-policy-reforms
http://hdl.handle.net/10986/8095
Description
Summary:In an increasingly competitive, globalizing world, Bangladesh needs to rationalize its tariff structure and lower overall protection so that its exports can compete in world markets. At the same time, the government needs to protect revenues in a fiscally-constrained year. This note proposes a package of tariff reforms that simplifies the rate structure, lowers average nominal protection, improves economic efficiency and is virtually revenue neutral. Adverse revenue impact, if there are any, could be addressed by strengthening the large taxpayers units, reducing the numerous exemptions in value-added tax (VAT), and expanding the tax base.

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