DCCI welcomes Commercial Court Ordinance, sees it as boost for business climate
DCCI President Taskeen noted that efficient commercial dispute resolution is a key priority for ensuring a pro-business climate amid an increasingly competitive global economy
The Dhaka Chamber of Commerce & Industry (DCCI) has lauded the government's initiative to establish a Commercial Court, describing it as a timely and transformative step for improving the country's business environment.
DCCI President Taskeen Ahmed said that although Bangladesh has the Artha Rin Adalat and the Arbitration Act-2001, their limited jurisdiction and weak integration into a broader dispute resolution framework have constrained the ideal business-related dispute settlement culture in the economy.
In this context, he said, the recently approved Commercial Court Ordinance 2025 could play a game-changing role, according to a DCCI press release issued today (26 December).
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The DCCI president made the remarks while calling on the former chief justice, Syed Refaat Ahmed, at his office in the Supreme Court on 24 December.
Taskeen noted that efficient commercial dispute resolution is a key priority for ensuring a pro-business climate amid an increasingly competitive global economy.
The DCCI president also appreciated the former chief justice's active role in considering the Commercial Court Ordinance at a time of unusual political and economic state in the country.
He further acknowledged several other initiatives taken by the former chief justice to strengthen judicial independence, including the establishment of the Supreme Court Secretariat, digitisation of court operations and the formation of the Supreme Judicial Appointment Council.
He said these measures would help enhance confidence among the private sector and other stakeholders in the judicial ecosystem.
Responding to the comments, Syed Refaat Ahmed urged the private sector to continue its concerted efforts to turn the Commercial Court Ordinance into a full-fledged Act and ensure its effective implementation to further facilitate trade and investment growth.
He also emphasised the need for shared efforts between the Bangladesh Supreme Court and DCCI to develop a more private sector–friendly regulatory ecosystem.
The recent former chief justice recognised DCCI as one of the strong voices of the private sector and expressed hope that the chamber would play a greater role in accelerating private sector-led investment and trade in the coming days.
DCCI Senior Vice President Razeev H Chowdhury, Vice President Md Salem Sulaiman and Acting Secretary General AKM Asaduzzaman Patwary were also present at the meeting.
