FBCCI President Sheikh Fazle Fahim has said Bangladesh will get new facilities in commerce besides increasing status of the country for LDCs (Least Development Countries) graduation meeting all the three criteria of graduation.
He said LDCs graduation is a big achievement and pride of the country. By achieving the success, foreign investment will be increased in Bangladesh and more employment opportunities will be created which will boost country’s economy.
Sheikh Fazle Fahim came up with the assertion while addressing at an online workshop titled “Effective Partnership with the Private Sector for Sustainable Graduation” organized by Support to Sustainable Graduation Project (SSGP) of Economic Relations Department on Saturday as the guest of honor.
The FBCCI President said after LDCs graduation Bangladesh may face some challenges on International Support Measures (ISM) which includes duty and quota free market access, preferential treatments, TRIPS etc.
He said, “It will be needed to build capacity of the private sector. FBCCI has taken an initiative with the support of international trade centre and international strategic partners on strengthening of trade support institutions, export competiveness, product and market diversification, no-tariff barriers, standardization and certification, economic diversification, micro, small, medium-sized enterprises (MSME) support, investment and entrepreneurship, export strategy development, women’s economic empowerment, upgrading value chains including in service, promoting digital economy, and e-commerce, regional trade, training on commercial diplomacy, trade and market intelligence, promoting public-private dialogue and business advocacy, understanding impacts of Bangladesh’s LDC graduation, implementation of the trade facilitation agreement, supporting innovation, start-ups, and their ecosystem, sustainability and inclusive growth”.
“Our capacity building activities will be taken integrating indigenous inputs with global standard knowledge and all chambers and associations will be included in this platform”, he added.
Sheikh Fazle Fahim said celebration of the birth centenary of Bangabandhu Sheikh Mujibur Rahman and Golden Jubilee of the country during LDCs graduation period has become more meaningful, prestigious and colorful which was a dream of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Principal Coordinator (SDG Affairs), Prime Minister’s Office and Chair of National Task Force on LDC Graduation Zuena Aziz presided over the workshop and Economic Relations Division Secretary Fatima Yasmin presented the key note while the Finance Minister A H M Mustafa Kamal FCA, was the chief guest in the workshop.
