Reconditioned cars: Importers in serious concerns over the government's plan to stop imports to Bangladesh

2020-09-15 Views: 17

Reconditioned cars: Importers in serious concerns over the government's plan to stop imports to Bangladesh

Large part of the demand for private cars in Bangladesh is fulfilled by reconditioned cars. Bangladesh government is planning to stop importing used cars or reconditioned cars from abroad in a few years, said “Barvida”, the organization of used car importers. Meeting with the concerned officials of the Ministry of Industries of Bangladesh on this Sunday, the leaders of “Barvida” said that they want a domestic car factory to be settled up. Buyers should also have the freedom to choose.

However, the government says it is important to do so in the interest of the country, even if some businessmen object.

The proposed draft policy states:

Draft “Automobile Industry Development Policy-2020” prepared by the Government of Bangladesh proposes that imports of used vehicles to create a locally integrated car market will be gradually reduced.

This way, the import of all types of reconditioned cars will be stopped within six years.

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