Business leaders, regulators push for stronger enforcement of competition law
Participants stressed collaboration between regulators and the private sector to maintain competitive, transparent, and sustainable markets in Bangladesh.
Business leaders and regulators gathered today (25 September) to discuss challenges and opportunities in enforcing the Competition Act 2012, stressing the need for a level playing field for both consumers and companies.
The consultation, hosted by the Foreign Investors' Chamber of Commerce and Industry (FICCI) at its conference hall, aimed to review the law's implementation and explore potential improvements.
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The session was chaired by FICCI President Zaved Akhtar and featured AHM Ahsan, chairperson of the Bangladesh Competition Commission, as the chief guest.
Also in attendance were FICCI Board Member Sumitava Basu, senior commission officials, and representatives from member companies spanning 35 countries and 21 sectors.
Ahsan highlighted the law's role in promoting a healthy market, saying, "The Competition Act empowers the Commission to curb cartels and syndicates, protect consumer interests, and foster investment. Effective enforcement will encourage innovation, create jobs, and drive sustainable economic growth."
Zaved Akhtar underlined the Chamber's commitment to fair competition. "Our members seek a strong and effective law that protects both industry and consumers while ensuring regulations do not unintentionally hinder business growth," he said.
Moderated by FICCI Executive Director TIM. Nurul Kabir, the session featured discussions on the law's practical application and suggestions for amendments.
Participants stressed collaboration between regulators and the private sector to maintain competitive, transparent, and sustainable markets in Bangladesh.
