Speakers at a dialogue emphasized the critical need for customs automation to enhance competitiveness in the global market.
They also highlighted issues streamlining legal and approval processes, BIDA’s role in capital machinery import, continuing a long-term policy, service enhancement at BIDA’s One-Stop Service portal.
Ameriican Chamber of Commerce in Bangladesh (AmCham) hosted the dialogue with Chowdhury Ashik Mahmud Bin Harun, Executive Chairman, Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) at the Westin Hotel, Dhaka on Monday.
AmCham members shared challenges and recommendations for trade facilitation and attracting more FDI in Bangladesh.
AmCham President Syed Ershad Ahmed joined as the Session Chair while John Fay, Commercial Counselor, U.S. Embassy Dhaka also attended the event.
Treasurer Al-Mamun M Rashel and Executive Committee members Md. Moinul Huq, Mirza Shajib Raihan and Rubaba Dowla and a few AmCham members including Syed Mohammad Kamal, Country Manager, MasterCard, Habib Bhuiyan, Country Manager, Excelerate Energy Bangladesh, Reza Ur Rahman Mahmud, Managing Director, Philip Morris Bangladesh Ltd, Syed Shakil Ahmed, Chief Executive Officer, Kirtonkhola Tower Bangladesh Limited and Muhammad Imrul Kabir Corporate Affairs Director, Chevron Bangladesh. From BIDA, Dr. Khandoker Azizul Islam, Secretary (Additional Secretary) and Md. Ariful Hoque, Director General and from BEZA, Musarrat Jebin, Joint Secretary, Director General, (Investment Promotion) also attended the breakfast meeting.
AmCham President Syed Ershad Ahmed delivered welcoming remarks in the dialogue.
He emphasized the critical need for customs automation to enhance competitiveness in the global market. AmCham members shared challenges and recommendations for trade facilitation and attracting more FDI in Bangladesh.
Some key issues highlighted were streamlining legal and approval processes, BIDA’s role in capital machinery import, continuing a long-term policy, service enhancement at BIDA’s One-Stop Service portal, establishing an effective feedback mechanism, and branding Bangladesh as a prime investment destination to promote a conducive environment for foreign investment and also ensure the continuation of existing investment.
Chowdhury Ashik Mahmud Bin Harun provided an overview of BIDA’s ongoing efforts to facilitate trade.
He appreciated the constructive feedback and recommendations shared during the session and took notes to resolve some pressing issues.
