Bangladesh: Proposed Tariff Hike on Raw Cashew Nuts Worries Local Processors

CATEGORY: Customs Regulations
COUNTRY/REGION: Bangladesh

The government of Bangladesh has proposed an increase in import tariffs on raw cashew nuts to protect local producers. However, local processors warn that the measure could backfire: by raising the cost of raw materials, it would reduce the competitiveness of the local processing industry, which relies entirely on imports. The proposal is currently in a public consultation phase, with no official instrument yet published defining the rate increase or application conditions.