Updated on July 22, 2025 03:39:40 PM
The GSTP Certificate for Bangladesh is an important document that Bangladeshi exporters need to apply to lower taxes on their exports under the Global System of Trade Preferences (GSTP). This was developed by the United Nations Conference on Trade and Development (UNCTAD) to increase cooperation and trade in the South. The GSTP Certificate Bangladesh also assists exporters in ensuring that their goods conform to the requirements so that they can be offered reduced taxes in member countries and promote the competitiveness of Bangladeshi products in the global market. Due to its participation in the Global System of Trade Preferences, Bangladesh benefits from good trade relationships and better export opportunities.
To take advantage of GSTP trade benefits, exporters must apply for the certificate through the appropriate government agencies. The GSTP certificate application process ensures that only approved goods receive these benefits. Exporters who deal in GSTP-eligible products like textiles, garments, jute goods, and agricultural products can reduce their export costs a lot by taking advantage of GSTP tax benefits. These concessions help Bangladeshi businesses expand their market reach, particularly in other developing countries that are part of the agreement.
Overall, the GSTP Certificate for Bangladesh plays a key role in the country’s trade strategy. It complements other Bangladesh Free Trade Agreements, offering exporters more flexibility and access to new markets. The GSTP Certificate Bangladesh not only boosts export competitiveness but also strengthens the nation’s economic growth and integration within the global South-South trade network.
Table of Content
The GSTP Certificate is part of the GSTP Agreement and helps the country take part in the tax benefits program. GSTP was established in 1988 under the United Nations Conference on Trade and Development (UNCTAD) and focuses on facilitating South-South trade through the elimination of import taxes for eligible products. To be eligible for such benefits, participating countries have to meet certain Rules of Origin requirements. The GSTP Certificate is issued to prove that the exported goods conform to these conditions, thus making the business eligible to benefit from the lower taxes and better market share among the member countries. But it can enhance exports and build up trade relations and partnerships throughout developing countries.
The GSTP agreement includes 42 developing countries, primarily from Africa, Asia, and Latin America. Bangladesh’s key trading partners under GSTP include India, Brazil, Indonesia, and Bangladesh.
The GSTP Certificate is a preferential trade agreement that aims to boost trade between developing nations by lowering tax. Here are the key benefits of a GSTP Certificate for Bangladesh:
The GSTP agreement encompasses various arrangements to facilitate trade, including:
To register for the Global System of Trade Preferences (GSTP) and obtain a Certificate of Origin, exporters must follow a structured process. Here’s a step-by-step GSTP Registration Procedure:
Documents required for GSTP registration include the Importer Exporter Code (IEC), Registration Cum Membership Certificate (RCMC), invoices, and other papers that the issuing authority might consider necessary.
Go to the GSTP official registration website, which is often established by DGFT, and apply for an exporter account, inputting your company and personal data
Once you logged in, you need to go to the COO section. It is necessary to complete the application form with accurate data and the documents for the goods, ITC HS code, the description, and the country of destination
Pay the necessary processing fees which may include the sale price for the blank forms. Fees can either be made online or via bank drafts, depending on the format adopted by the portal.
After filling the application form, make sure you review the form and then submit the application. The submitted documents and all the information shall be checked and confirmed by the relevant authority.
If all requirements are met, the Certificate of Origin will then be issued either online or physically, depending on the prevailing procedures of the issuing authority
GSTP registration for Bangladesh requires specific documents to ensure your business complies with export regulations. Here's a list of the essential documents needed for the process.
The total cost for GSTP registration is ₹6,235, covering a ₹736 government fee, ₹500 one-time registration fee, ₹2,000 application fee, and ₹2,999 professional fee, ensuring a smooth registration process. Below is the detailed structure:
| Particulars | Amount |
|---|---|
| Government fee | ₹736 |
| One-time registration fee | ₹500 |
| Application fee | ₹2,000 |
| Professional fee | ₹2,999 |
| Total cost of registration | ₹6,235/- only |
Note This certificate is generally valid for one year from the date of issuance. After this period, exporters must renew the certificate for continued use in international trade.
Conclusion
The importers require the GSTP Certificate for Bangladesh to be able to take advantage of lower taxes, which has been a strategy for expanding their markets in other countries. It also reduces export costs, eases customs formalities, and increases the export competitiveness of Bangladeshi products in the GSTP member countries. They are easy to access, cheap, and offer a great opportunity to get better trade opportunities, high export levels, and a better place in the international market. Acquiring the GSTP Certificate has strengthened Bangladesh’s ability to increase exports as well as facilitate economic relations among developing countries.
At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
Frequently Asked Questions (FAQs)
The GSTP Certificate enables Bangladeshi exporters to access reduced tariffs in GSTP member countries, boosting export competitiveness and encouraging South-South trade cooperation.
Any Bangladeshi exporter dealing in GSTP-eligible goods, like textiles or jute products, can apply through authorized government agencies to receive tariff concessions.
It provides tariff reductions, simplifies customs procedures, enhances market access, and increases export opportunities in GSTP participating developing countries.
Exporters must register online, submit necessary documents, complete the application form, pay fees, and receive verification before the certificate is issued.
You need an application form, commercial invoice, packing list, bill of lading, export declaration, and relevant declarations of origin or manufacturing processes.
Certification fees are ₹350. Additional professional service fees may apply for consultation and application support, depending on your chosen service provider.
The GSTP Certificate is generally valid for one year from the date of issue and needs renewal for continued export benefits under GSTP.
GSTP member countries include India, Brazil, Indonesia, and others from Africa, Asia, and Latin America that provide preferential tariff access.
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