None can exert influence in the market single-handedly; Tofail

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DHAKA, March 29, 2018 (BSS) – Commerce Minister Tofail Ahmed today said none can exert influence in the market single handedly, rather all concerned would have to work with due responsibility to ensure competition.

“The government has taken all necessary measures to ensure competition in the market,” he said.

The Minister was addressing a seminar titled “Ensuring competition in trade and commerce: the role of Bangladesh Competition Commission,” held at the CIRDAP Auditorium in the city. The newly formed Bangladesh Competition Commission organized the seminar, said a ministry press release.

Chaired by Bangladesh Competition Commission Chairperson M Iqbal Khan Chowdhury, Commerce Secretary Shubhashish Bose, FBCCI President Shafiul Islam Mohiuddin spoke at the seminar as special guests. Business Studies faculty dean of Dhaka University Dr Shibli Rubaiyat ul Islam presented the key-note paper at the seminar.

Senior research fellow of Bangladesh Institute of Development Studies (BIDS) Dr Naznin Ahmed, Emeritus fellow of Unnayan Somunnoy Dr Enamul Haque and chief economist of Bangladesh Bank Dr Faisal Ahmed also spoke at the seminar.

Speaking on the occasion, the Commerce Minister said the government is working with due priority to keep the price of all commodities including the price of essentials at a normal level side by side ensuring sufficient supply of the commodities.

“The government has been taking strict measures so that any artificial crisis is not created in the market or no one dares to create such crisis,” he added.

Tofail said the newly formed Bangladesh Competition Commission would work to ensure competition in the market adding that the Commission would be made time befitting to protect the interest of the consumers and as a whole the country’s people.

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