Tipu Munshi seeks FBCCI support to modernise trade

Staff Correspondent

15 June, 2021 12:00 AM printer

Commerce Minister Tipu Munshi has urged newly elected leaders of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to come out of their typical activities and play an active role in modernising trade.

The minister called upon the businessmen to get prepared for facing the challenges of LDC graduation while a 45-member FBCCI delegation led by its new president Jasim Uddin called on him at his office on Monday.

As part of an initiative to address the challenge, the government is taking preparation to form sector-wise sub-committees that will have FBCCI representative.

Trade bodies’ more proactive role is required as, Tipu Mushi said, the government is trying to sign Free Trade Agreement (FTA) or Preferential Trade Agreement (PTA) with different countries. “Overdependence on RMG industry in export trade won’t pay off. The huge export potential in ICT, leather, plastic, jute and jute goods, and light engineering sectors should also be tapped,” a release quoted Tipu Munshi as saying. 

“The government has taken initiative to make these sectors skilled in export trade. Businessmen also have to come forward to this end,” he added.

He informed that the government has a plan to raise export earning to $50 billion in the next fiscal year, where businessmen have a very important role to play.

He reiterated that Sheikh Hasina’s business-friendly government is providing all out support to the businessmen.

“After LDC graduation, a big challenge will emerge in business and trade, which should be face skillfully,” he stressed. 

Hailing the proposed budget, FBCCI leaders assured of wholehearted support to the government for LDCs graduation and achieving SDGs.

They called for adoption of business-friendly policy and their execution apart from government initiatives conducive to creating new exportable goods. They also requested for increasing trade facilities. 

New Commerce Secretary Tapan Kanti Ghosh and a number of FBCCI leaders also spoke on the occasion.