Attracting FDI, expansion of trade, reforms of tax, VAT, duty and tariff structure, policy reforms, skill development, improving backward linkage industry are key to economic recovery of the country, experts opined.
Speakers also said facilitating ADR system, financial inclusion, utilizing capital market for long-term financing, access to finance for small and cottage industry, strong negotiation skill and product diversification would also help the country to economic recovery.
The speakers said this at a Webinar on “Bi-annual economic state and future stance of Bangladesh economy: private sector perspective” organized by Dhaka Chamber of Commerce & Industry (DCCI) on Saturday, said a press release.
Planning Minister M A Mannan joined the webinar as the chief guest while Professor Dr. Mohammed Farashuddin, former Governor of Bangladesh Bank joined as guest of honour. The keynote paper was presented by the DCCI President Rizwan Rahman
The Planning Minister said that the private sector is in the driving seat of stimulating the economy.
“Government has a good collaboration with the private sector which will take Bangladesh to a new destination. For policy reforms, tax reforms or tariff structure reforms, government will continue its attachment with the private sector for framing out a better policy regime,” he said.
Mannan said the government is giving focus on better living, better values of life, more freedom, more democracy and independence of people. “The present government is the most business friendly ggovernment in the country,” he said.
Regarding prevailing Covid-19 crisis, he said mass vaccination has been start. “Hopefully we will overcome the situation shortly.” added the Minister.
Guest of honour Professor Dr Mohammed Farashuddin, former governor of Bangladesh Bank said Father of the Nation Bangabandhu Sheikh Mujibur Rahman has always been a pragmatic and private sector friendly leader.
