BANGLADESH: Rubber producers seek govt support -- K Trade Fair


BANGLADESH: Rubber producers seek govt support

The rubber cultivators have submitted a memorandum to the Prime Minister through the local administration in Bandarban Hill District seeking government steps to protect the sector by giving subsidies to growers like other rubber producers in the neighbouring countries. A large quantity of rubber has been imported recently from Vietnam and other regional countries in the recent months as international price of the product has come down alarmingly. They said dishonest businesses have imported rubber when the price of local rubber has decreased from Tk 350-400 to Tk 80-100 per kilogram only. Due to large import, all local rubber producers and rubber traders throughout the country have been left with big stock of rubber unsold. Founder-member of the Bangladesh Rubber Board Salimul Hoq Chowdhury has handed over the memorandum to the local administration in Bandarban on behalf of the rubber planters of the country. "The government has imposed a 24 per cent VAT, AIT and other charges on the rubber producers," he said. He alleged that the rubber board that was formed by the government in April 2013 has remained almost inactive due to lack of manpower and financial support. So, the rubber sector people have been devoid of required assistance from the government. In 35 years the rubber planters in Bangladesh have got only Tk 162.8 million as loan from the government, said Salimul Hoq Chowdhury. Source: Daily "The Financial Express", Dhaka; 30 Dec 2014
(Syed Rashid Ali, Karachi, Pakistan)