The Bangladesh Economic Zones Authority (BEZA) has given policy approval to establish the country’s first Free Trade Zone (FTZ) in Anwara upazila of Chattogram. The decision was taken at a BEZA governing board meeting chaired by Chief Adviser Professor Muhammad Yunus in Dhaka’s Tejgaon. BEZA Executive Chairman Chowdhury Ashiq Mahmud Bin Harun said the proposed FTZ will cover about 600 to 650 acres and operate as an offshore territory exempt from customs duties, allowing storage, re-export, and production of goods.

Mahmud explained that the FTZ aims to significantly reduce the time required to supply raw materials to export-oriented industries. Materials such as cotton could be stored within the zone and used instantly by local factories or re-exported to other countries like Vietnam. He cited Dubai’s Jebel Ali Free Zone as a global example, noting its major contribution to Dubai’s GDP. The proposal will now go to the Cabinet for final approval, and legal amendments will be required for implementation.

The BEZA board also approved plans for a Defense Industrial Park in Mirsarai and to convert the Kushtia sugar mill area into a full industrial park under BEZA’s supervision.