Economic Reporter :
Another lockdown is not a solution to prevent Covid infections, rather it increases the misery of low-income people and affects the country’s trade and economy, said FBCCI President Md. Jashim Uddin on Wednesday.
He came up with the remark while responding to a question at ‘Meet the Reporters program’ organised by Dhaka Reporters’ Unity.
He urged people to abide by the restrictions imposed by the government to prevent the third wave of the coronavirus pandemic.
“A lot of export orders are coming now. Fresh lockdown decision will actually disrupt the industry’s growth and hurt the economy in the long run. The countries that resorted to lockdown suffered the worst,” he said.
Addressing the programme, FBCCI president said the main obstacle to foreign investment was the lack of adequate infrastructures. But now, various development projects undertaken by the present government including Padma Bridge, Karnafuli Tunnel, Metrorail and 100 economic zones have created investment-friendly environment in the country, he said.
Meanwhile, the FBCCI president urged banks to lend more to small and medium enterprises.
“Bangladesh will face several challenges to protect local industries after the country’s graduation from LDC category. The six blocks account for 90 percent of world trade, so FTA can be signed with six blocs – Regional Comprehensive Economic Partnership (RCEP), European Economic Union, USA, EU, UK and African Continental Free Trade Agreement, said Jashim.
