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Nat’l roadmap, coverage reforms, incorporated OSS key to attracting FDI: DCCI

Dhaka Chamber of Trade and Business (DCCI) President Md Sameer Sattar on Tuesday underscored the desire for a time-bound nationwide roadmap for attracting international direct funding (FDI) in Bangladesh, to carry the FDI to GDP ratio to five%.

“FDI to GDP ratio is these days 0.80%. To draw FDI, a learn about will have to be undertaken to peer if the One Forestall Carrier (OSS) is working in a useful and efficient means conducive to the buyers,” he stated whilst main the DCCI Board of Administrators in a choice with Bangladesh Funding Building Authority (Bida) Govt Chairman Lokman Hossain Miah.

DCCI President Barrister Sattar additionally prompt the Bida chairman to carry the entire OSS portals underneath one nationwide unmarried window referred to as the Nationwide Unmarried OSS, stated a press unencumber.

He stated each the non-public and public sectors will have to paintings in combination for steady development of a pro-investment local weather in Bangladesh to strengthen each native and international funding.

Barrister Sattar emphasized well timed institutional and criminal reforms, particularly putting in a separate industrial court docket to take care of contract enforcement instances, overview the Arbitration Act, and to modernise the insolvency regulations in keeping with different advanced jurisdictions. 

If achieved promptly, it’ll additional ease the international funding local weather in Bangladesh.    

Since post-LDC, Bangladesh will lose the preferential remedy in export markets, particularly within the EU, he urged forming a Nationwide Strategic Committee enticing all key stakeholders in order that the essential ratified conventions can also be applied in Bangladesh. 

It will permit the committee to barter with the EU on how those conventions can also be applied somewhat.

Bida Govt Chairman Lokman Hossain Miah stated, “We’re dedicated to keeping up a excellent financial dating with all.”

He additionally stated the OSS might be absolutely useful inside the subsequent 3 months.

With regards to FDI enchantment, the Bida government chairman stated the enterprise neighborhood is the most productive ambassador of the rustic to draw international investments. Because of the Russia-Ukraine warfare, the worldwide financial system is dealing with some demanding situations, however Bangladesh’s financial system remains to be in a excellent form.

Additionally, having a powerful demographic dividend, an enthusiastic enterprise neighborhood, and a business-friendly surroundings, Bangladesh will be capable to growth forward within the days to return, he added.  

He later emphasized excellent governance and transparency to verify higher responsibility within the executive sector.  

DCCI Senior Vice President SM Golam Faruk Alamgir, Vice President Md Junaed Ibna Ali, and participants of the DCCI Board of Administrators had been additionally provide.

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