The government has been relentlessly working to sustain a business-friendly environment, ensuring required policy reforms and infrastructural development in the country, he told the newly elected board of directors of the Dhaka Chamber of Commerce and Industry (DCCI) during a meeting.
The board members, led by president Mohammad Sameer Sattar, called on him at his secretariat office in Dhaka.
Sattar said Bangladesh would lose preferential market access and face 8-16 per cent export tariff as a developing country after the graduation, a news agency reported.
To overcome export losses, he urged for formulating a transition strategy with the participation of private sector to address the issues of post-LDC era.
He emphasised new market development in the Southeast Asia and Africa region on a priority basis along with product diversification.
He also suggested setting up a separate commercial court to ensure quick disposal of commercial disputes along with necessary reforms to the Arbitration Act 2001.
ALCHEMPro News Desk (DS)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
