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The Bangladesh government has begun work on a draft revised Gold Policy 2018, aiming to move the country’s gold sector from an informal condition into a legal, recognized and accountable business sector. At a meeting at the Commerce Ministry in the Secretariat on August 6, Commerce Minister Khandaker Abdul Muktadir instructed relevant government agencies and stakeholders to submit written opinions on the draft by next Sunday.

The meeting was chaired by Commerce Ministry Secretary Md Ataur Rahman Khan and included Bajus President Enamul Haque Khan, Export Promotion Bureau Vice Chairman Mohammad Hasan Arif, and representatives of the National Board of Revenue, Bangladesh Bank and the gold sector. The minister said the sector had not become fully institutional because of inadequate policy and regulatory structures, and that regulatory weaknesses should also be considered rather than placing responsibility solely on businesses.

The proposed framework calls for every stage of purchasing, selling and storing legally imported gold to be recorded and monitored by regulators. The government is also considering employment, lawful imports, revenue collection, transparency and the potential for value-added jewellery exports. After stakeholder views are compiled, another meeting may be held if needed before work proceeds to finalize the revised policy quickly.

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Amar Desh 06 Aug 26

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