The Bangladesh Bank has issued detailed guidelines for the operation of the country’s first Free Trade Zone (FTZ), streamlining import procedures for businesses operating within them. A key feature of the new directive allows businesses in FTZs to import raw materials and goods on a shipment basis, eliminating the need for Letters of Credit (LCs). This aims to facilitate easier trade and reduce bureaucratic hurdles for companies involved in FTZ activities. Furthermore, the guidelines permit duty-free storage, processing, repackaging, relabeling, and re-export of raw materials. This move is expected to boost investment and enhance the competitiveness of businesses operating within the FTZ. The initiative signifies Bangladesh’s commitment to trade liberalization and attracting foreign investment. These new regulations are intended to simplify business operations and expedite the flow of goods.