Experts at a roundtable talks on Wednesday emphasized on strict coordination between businesses and government agencies to ensure market stability.
They mentioned that there have some challenges like interruption of complex customs procedures, multiple intermediaries within the supply chain, production of counterfeit products by unscrupulous businessmen to maintain price stability in the market.
Dhaka Chamber of Commerce & Industry (DCCI) organized the Multi stakeholders’ roundtable on strengthening business-agency collaboration at DCCI on Wednesday with a view to implement the vision of the Prime Minister’s SMART Bangladesh,
Mayor of Dhaka North City Corporation (DNCC) Md. Atiqul Islam was present as the Chief Guest while Senior Secretary, Ministry of Commerce Tapan Kanti Ghosh was present as special guest.
Pradip Ranjan Chakrobarty, Chairperson, Bangladesh Competition Commission and President, FBCCI Mahbubul Alam were present as Guest of Honour. DCCI President Barrister Md. Sameer Sattar chaired the roundtable dialogue.
DCCI President Barrister Md. Sameer Sattar in his presentation urged for full automation of VAT return and refund process.
He pleaded for rational application of VAT to reduce cost of doing business. Regarding quality of products, he said that we need to address the issues of limited harmonization between local and international standards, increase testing facilities, increase expertise to enforce standards.
To maintain price stability, he highlighted few challenges like interruption of complex customs procedures, multiple intermediaries within the supply chain, production of counterfeit products by unscrupulous businessmen.
Mayor of Dhaka North City Corporation (DNCC) Md. Atiqul Islam said that government will give us policy support and we will just comply with that. Focused market monitoring should be strong, he added.
We are proud of our RMG sector now; we have many compliance green factories in the country. Collaboration among the stakeholders is must, he emphasized.
Senior Secretary, Ministry of Commerce Tapan Kanti Ghosh said that government is never against the businessmen rather public sector always tries to facilitate the private sector to grow since the contribution of private sector to the GDP is the highest.
