DCCI urges new govt to take effective, priority-based measures for quick economic recovery
The chamber also expressed concern over the recent deterioration in the law-and-order situation.
Dhaka Chamber of Commerce & Industry (DCCI) today (17 February) congratulated the BNP for its landslide victory in the 13th national election and urged the newly formed government to take priority-based and effective measures for quick economic recovery.
In a statement, the chamber said the much-anticipated election has enabled people to elect their chosen representatives and expressed hope that capable leadership would help transform Bangladesh into a developed, prosperous and democratic nation.
Highlighting the prevailing economic challenges, DCCI said ongoing global geopolitical uncertainties, particularly reciprocal tariff measures imposed by the United States, along with various domestic constraints, have significantly disrupted local economic activities.
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It pointed out that Bangladesh has long struggled to attract substantial Foreign Direct Investment (FDI), while export-oriented sectors have also failed to make notable progress.
The SME sector has been the worst affected, resulting in reduced marginal employment and disruptions across the manufacturing ecosystem, making it difficult for entrepreneurs to continue business operations, it added.
The chamber also expressed concern over the recent deterioration in the law-and-order situation, which it said has discouraged both local and foreign investors from making fresh investments.
According to DCCI, lack of coordination in port operations and management, delays in implementing reform initiatives of the National Board of Revenue (NBR), uncertainty in energy supply to industries, high interest rates, contractionary monetary policy, prolonged loan processing procedures and inadequate policy support have further impacted the private sector.
DCCI said there is no alternative to the role of elected representatives in addressing these challenges and called upon the government to urgently remove the existing constraints in the country's industrial and commercial sectors to keep the national economy vibrant and resilient.
The chamber expressed its willingness to work closely with the government to ensure sustainable economic development.
