Bangladesh Live and Chilled Food Exporters Association (BLCFEA) – the organization of live crab and eel fish exporters has recently demanded a 30 per cent cash incentive on their export earnings as the sector has been severely affected due to Covid-19 pandemic.
However, the sector currently enjoys a 10 per cent cash incentive for crab and eel fish exports.
The exporters cannot export the items to China, the main export market for crab and eel fish, as the pandemic situation has not improved – according to the association.
The association has also sought a 25 per cent cash incentive for the export of chilled fish. Now, the sector gets 5.0 per cent such incentive.
In addition, the country’s export revenue from frozen fish and shrimp is about Tk 45 billion annually. But Crab and eel exporters earned about Tk 6.0 billion in the last fiscal year.