The American Chamber of Commerce in Bangladesh put forward a set of recommendations, including trade facilitation, public sector modernisation and enhancing digital payment infrastructure to attract foreign direct investment and improve the ease of doing business in the country.
These proposals were submitted to Salehuddin Ahmed, adviser to the Ministry of Finance and Commerce, during a meeting on Wednesday at the Secretariat in Dhaka, according to a press release.
A nine-member delegation from AmCham, led by its president Syed Ershad Ahmed, presented the recommendations.
The delegation emphasised the need for economic discipline, reforms to the current legal framework, and the importance of strengthening cybersecurity, the release said.
Additionally, they highlighted the promotion of renewable energy, climate-centric initiatives, stabilising law and order, improving traffic management and ensuring smooth supply chain operations as essential to fostering a business-friendly environment.
During the meeting, Salehuddin Ahmed acknowledged that the government was addressing trade and economic challenges with top priority.
He said that tasks were being delegated to the relevant departments for efficient management and implementation, the press release read.
He also noted that the recommendations would be carefully reviewed, taking into account the legal framework and other relevant factors.
Md Moinul Huq, country officer for Citibank NA, Syed Mohammad Kamal, country manager for MasterCard, and Ala Uddin Ahmad, chief executive officer of MetLife, among others, were present at the meeting.
