The Bangladesh Economic Zones Act, 2010 (Act No. 42 of 2010). Country/Territory Bangladesh Document type Legislation Date 2010 Source FAO, FAOLEX Long titleAn act to make provisions for the establishment of economic zones in all potential areas including backward and underdeveloped regions and development, operation, management and control thereof including the matters ancillary thereto with a view to encouraging rapid economic development through increase and diversification of industry, employment, production and export. Subject General Keyword Authorization/permit Business/industry/corporations Classification/declassification Financing Institution Internal trade International trade Monitoring Processing/handling Subsidy/incentive Public private partnership (PPP) Geographical area Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, South Asian Seas, Southern Asia Abstract The Bangladesh Economic Zones Act, 2010 provides for establishment of economic zones and special economic zones to encourage rapid economic development in the country. The Act allows for acquisition of land, appointment of developers, division of economic zones into various areas, financial and other benefits to the industrial units within the economic zones. It also establishes the Bangladesh Economic Zones Authority to perform the duties and functions laid down in the Act. There shall also be a Governing Board to formulate policy, monitor the activities, approve proposals and perform other such functions mentioned in the Act. The Act requires the Authority, economic zone developers, industrial units, and all other parties to comply with international commitments recognized by the Government of Bangladesh including compliance to all the existing laws on environment and environmental protection. Full text English Website bdlaws.minlaw.gov.bd References - Legislation Amended by Bangladesh Economic Zones (Amendment) Act, 2023 (Act No. 43 of 2023). Legislation | Bangladesh | 2023 Keyword: Business/industry/corporations, Governance Source: FAO, FAOLEX Bangladesh Economic Zones (Amendment) Act, 2015 (Act No. 29 of 2015). Legislation | Bangladesh | 2015 Keyword: Business/industry/corporations, Governance, International relations/cooperation Source: FAO, FAOLEX