THE decision by the Bangladeshi Government to attract foreign investment in the Export Processing Zones (EPZ) in the country, through a number of steps, has proved a timely and pragmatic measure. The decisions were taken at the sixth meeting of the Board of Governors of the Bangladesh export Processing Zones Authority chaired by Prime Minister Begum Khaleda Zia. In order to attract more foreign investors and set up export-oriented industries in the country, new liberal policy measures have been announced. Overseas investors will now be able to circumvent lengthy procedures when investing in Bangladesh. Key decisions include simplification of customs clearance procedures for investors in the Export Processing Zones; the issuance of multiple visas for unlimited entry to expatriates for a two-year work period; and permission to import three duty-free vehicles. The government has also taken steps to establish an offshore banking unit and set up advanced telecommunications systems in the Export Processing Zones. There are also moves to ensure an uninterrupted and stable power supply in the EPZs.