Bangladesh Sees New Global Economic Opportunities: Experts

 
The workshop, titled “WTO Rules and Trade Challenges for Bangladesh and Ensuring Fair Competition in Business: Bangladesh Perspective and Global Insights,” was organized by the Bangladesh Chamber of Industries (BCI) at the BCI boardroom in the city.
 
The inaugural session was presided over by BCI Director Dr. Delowar Hossain Raja.
 
Key participants and trainers included Md. Hafizur Rahman, the former Director General of the WTO Cell under the Ministry of Commerce and former Administrator of FBCCI, and Md. Khaled Abu Naser, the former Director of the Bangladesh Competition Commission.
 
 Sixteen representatives, comprising BCI members and delegates from various institutions, participated in the training.
 
During the discussions, BCI Director Md. Jahangir Alam reiterated the view that Bangladesh is poised for new possibilities in the global economy.
 
He emphasized that a business environment reliant on prudence, good governance, efficiency, and fair competition will be instrumental in building a strong future Bangladesh.
 
Dr. Delowar Hossain Raja said bin his introductory remarks that the BCI regularly organizes training programs focusing on critical laws and policies related to national industrialization, foreign trade, and business, emphasizing that this specific workshop is part of that ongoing continuity.
 
In the first session, Md. Khaled Abu Naser detailed strategies for ‘Ensuring Fair Competition in Business’.
 
 His topics included fair competition, the prevention of the misuse of a dominant market position, anti-competitive behaviours, and the prevention of cartels and illogical pricing practices.
 
Naser also highlighted the importance of governance and shared international experiences regarding these issues.
 
Crucially, Naser underscored the necessity of implementing the Competition Act, rigorous market monitoring, and ensuring ethical business conduct to elevate Bangladesh’s business environment to meet international standards.
 
He also pointed out the active role customers must play in this effort.
 
The second session focused on international trade frameworks. Md. Hafizur Rahman addressed ‘WTO Rules and Trade Challenges for Bangladesh’.
 
He elaborated on important rules and regulations concerning WTO Goods, Services, and Intellectual Property.
 
Furthermore, Rahman highlighted the type of impact these WTO rules might have on Bangladesh following its graduation from Least Developed Country (LDC) status.
 
The workshop concluded with participants sharing their feedback, and BCI Director Dr. Delowar Hossain Raja distributed certificates to all attendees, reports BSS.