Economic Reporter :
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has announced that the trade body has been preparing a 10-year master plan for the development of trade and the economy of the country.
The president of the apex trade body Md Jashim Uddin informed it at a press conference held at the FBCCI office on Saturday afternoon, adding they are developing the master plan to determine the necessary strategies for logistics in the coming days.
“After becoming a developing country from a Least Developed Country (LDC), innumerable possibilities will be created for Bangladesh. The economy will create demand for new products in the trade and export sectors. The size of the economy will also be bigger,” Jashim pointed out. He added that once the implementation of various infrastructure projects taken up by the government is completed, foreign investment will also increase. Then the capacity of transport of goods and ports will also have to be gone up.
The press conference was organized on the occasion of “Bijoyer 50 Bochhor: Laal Shobujer Mohotshab” a 16-day gala celebration.
The FBCCI chief said that the biggest challenge in post-LDC period will be to increase sector-based capacity to meet the changing global demand.
“To address this challenge, FBCCI will also set up an innovation center to enhance the capacity of domestic industries,” he added.
“The concept paper will be submitted to the government next month,” Jashim said adding North South University has been working with the FBCCI on circular economy and recycling.
He also expressed hopes that with the completion of these ongoing activities, power generation and recycled products from the country’s waste will increase.
Highlighting the recent visit to the United Kingdom and France, the FBCCI president said that the 2nd and 3rd generation of Bangladeshi expatriates have been closely associated with the main economies of the two countries. But they do not have much idea about Bangladesh.
“If these expatriate entrepreneurs can be connected with the international trade of Bangladesh, it will be easier to capture the mainstream market of the two countries. To this end, the FBCCI has signed a memorandum of understanding with the mainstream trade organizations of the United Kingdom and France,” he also added.
FBCCI has also signed a memorandum of understanding with HSBC to list new potential products outside of readymade garments, to explore their export opportunities and barriers.
As a result, Jashim pinned hopes that the wheel of economic progress of Bangladesh will be further accelerated by utilizing the potential of a developing nation.
