Numerous concerns regarding the investment climate in Bangladesh, notably the prolonged customs procedures, were articulated by foreign investors during a seminar titled Investment Climate: Current Landscape and Mission 2041.
This discourse took place at the culmination of a two-day exposition organised by the Foreign Investors’ Chamber of Commerce and Industry (FICCI) in commemoration of its 60th anniversary, in Dhaka recently.
Rupali Chowdhury, the former president of FICCI and the managing director of Berger Paints Bangladesh Limited, emphasised the tangible challenges faced, stating, “We have real problems, and we have to solve them.”
The dialogue, instigated by Yuji Ando, the country representative of JETRO (Japan External Trade Organization), shed light on the protracted nature of customs procedures in Bangladesh.
Ando highlighted that expediting this process could significantly enhance the country’s appeal to foreign investors.
Echoing these sentiments, Rupali Chowdhury asserted, “All the companies are actually facing it.”
Commerce Secretary Tapan Kanti Ghosh meanwhile urged foreign investors to engage directly with Bangladesh and voice their concerns rather than criticizing the country from a distance.
