DHAKA, Jan 02, 2024 (BSS) - Federation of Bangladesh Chambers of Commerce and
Industry (FBCCI) has demanded bringing reforms in the country's tax regime
for materialising the country's development goal, 'Smart Bangladesh'.

The country's apex trade body has also sought business-friendly tax system
and simplification of tax collection process for increasing tax-GDP ratio,
diversification of exports, and foreign investment.

FBCCI President Mahbubul Alam made the suggestions at a workshop titled
"Building a Resilient Economy for Vision 2041: Key Challenges and Way
Forward" organised at FBCCI office in the city, said a press release.

In his speech, Mahbubul Alam observed that one of the tasks and challenges in
building a Smart Bangladesh is to improve the private investment environment.

"Ensuring and facilitating long-term loans for this investment is very
important", he added.

He said the post-Covid crisis situation, the current world geopolitical
context, the economic crisis caused by Russia-Ukraine and the war in the
Middle East are having some negative impact on the overall economic
activities of Bangladesh.

"However, traders are facing the biggest loss. In such a situation, it has
become necessary to take initiatives in the coordinated efforts of the public
and private sectors to organise the economic and commercial sectors in order
to achieve a resilient economy according to the vision 2041," he added.

FBCCI Senior Vice President Md Amin Helaly and Vice President Md Munir
Hossain, among others, were present on the occasion.