CA for finding ways to move forward for LDC graduation
The CA also expresses deep concern over the prolonged neglect of Bangladesh’s leather industry
Chief Adviser Professor Muhammad Yunus has instructed the relevant authorities to take necessary steps to explore pathways for Bangladesh's transition from a Least Developed Country (LDC) to a developing nation.
Speaking at a high-level meeting at the Chief Adviser's Office (CAO) in Tejgaon, Muhammad Yunus ordered authorities to arrange another meeting within the next two months to discuss the matter.
"We have to do these things in our own interest, in the interest of our economy. We have to find ways to move forward by changing the policies and laws that are not working. These are fundamental issues. We have to do these things for our transition," Prof Yunus said.
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He further said the country's leather industry was not evaluated properly.
"We were supposed to benefit economically from this industry, but that did not happen," he said.
The progress of implementing 16 decisions was discussed during the meeting. Of those, the National Board of Revenue (NBR) is working on four decisions, while the Ministry of Industries on three, the Economic Relations Department on two, the Ministry of Commerce on three, and the Chief Adviser's Office on four decisions.
At the meeting, NBR Chairman Md Abdur Rahman Khan said the NBR is working for the full implementation of the National Single Window.
Some 19 bodies have already been added to the window and more entities are being included, he said.
In addition, the NBR chief informed the Chief Adviser about the preparation of the implementation work-plan for the Tariff Policy 2023 and the progress of its implementation.
The meeting discussed providing necessary cooperation and incentives to other export sectors like the ready-made garment industry and providing duty-free facilities for the import of raw materials related to man-made fibers and machineries for this industry.
The full operation of the Effluent Treatment Plant (ETP) established in Tanari Village in Savar, the full-scale launch of the API Park in Gazaria, Munshiganj, and the measures taken to update the industrial policy 2022 were also discussed during the meeting.
