To celebrate the golden jubilee of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the apex trade body of the country, will host the three-day ‘Bangladesh Business Summit 2023’ on March 11-13 at the Bangabandhu International Conference Center (BICC) in the capital Dhaka. Prime Minister Sheikh Hasina will inaugurate the summit, FBCCI president Md. Jashim Uddin told journalists at a press conference on Saturday.
Bangladesh Business Summit is an international trade and investment promotion event that is envisaged to become the country’s flagship business event. The summit will highlight the economic and market strengths of Bangladesh, and the concrete trade and investment opportunities of the country by convening national and global business leaders, investors, policymakers, practitioners, policy and market analysts, academia, and innovators. Besides, it will also highlight the success story that has set the foundations for the sustainable growth trajectory of Bangladesh.
leaders will also have
to play a crucial role to
maintain peace ahead
of the election
‘Bangladesh Business Summit 2023’ will also showcase the dynamic business investment opportunities and the improvements and business environment reforms, and gain insights into the investment priorities of the global investors to improve policy, facilitate the exchange of investment success stories and good practices among investors.
Needles to say, it will be an import and a big event for the business leaders as the world is now facing a complex combination of challenges because economic recession is created due to Covid-19 pandemic and Russia-Ukraine war. Inflation has increased, prices of all essentials have gone beyond the purchasing capacity, as a result, not only the developing nations like Bangladesh but developed countries are also struggling.
The Covid-19 pandemic and the Russia-Ukraine crisis have resulted in an abnormal increase in energy price, food price, agricultural production cost, industrial raw materials’ price and transportation cost. High inflation is also affecting the currency exchange rates adding that rising cost of doing business have made it difficult for local entrepreneurs to survive in the global competition.
Private sector should prepare from now on to face the challenges encompassing Bangladesh’s graduation from the LDCs. Business leaders will also have to play a crucial role to maintain peace ahead of the election.