29 May 2024

Amazon wants bonded warehouse in Bangladesh,Titu says

By Redoy K

The American e-commerce giant Amazon is seeking to establish a central bonded warehouse facility in Bangladesh to enjoy tax benefits and use the country as a transshipment hub for its global supply chain. State Minister for Commerce Ahasanul Islam Titu revealed this, stating that Amazon wants to bring in goods through Bangladesh before sending them to destination countries to reduce tax burdens. The government plans to amend the e-commerce policy to allow local companies to engage in international transactions and facilitate the formation of an Amazon-like company for global distribution.