City Reporter: The directors of the Chittagong Chamber of Commerce and Industry had an exchange of views with Bangladesh Competition Commission Chairperson Pradeep Ranjan Chakraborty. This exchange of views was held at the Chamber office at the World Trade Center today, Saturday (June 24) afternoon.
At this time, member of Bangladesh Competition Commission Md. Hafizur Rahman, former senior vice-president of the chamber Omar Hajjaz, directors of the chamber. K. M. Akhtar Hossain, Anjan Shekhar Das, Mohammad Adnanul Islam and Mohammad Nasirul Alam (Fahim) and National Consumer Rights Protection Directorate Deputy Director Mohammad Faiz Ullah were present.
Pradeep Ranjan Chakraborty, Chairperson of Competition Commission, said that with the aim of ensuring fair competition practices in the field of business, the government enacted the ‘Bangladesh Competition Act’ in 2012 and the Ministry of Commerce established the Bangladesh Competition Commission in 2016 to implement this law. Many people are not aware of this law. Therefore, the commission is concerned with raising awareness about the law
Communicating with stockholders. At the same time, the main objective of the commission is to make the law more simple and up-to-date through higher research on the opinions of traders.
He also said that competition law will play an important role in facilitating business and market monitoring as per Trade Facility Agreement.
Chamber leaders said that before the implementation of the Competition Act, it is important to amend the laws and policies of the Ministry of Commerce related to imports. Because the government has given instructions to reduce time and cost in the business sector, artificial crisis is created in the market due to some policies of the Ministry of Commerce for not releasing the products on time. As a result, the price of the product increases. As a result, the people’s breath rises. Therefore, the Competition Commission was urged to consider the rationale of the laws and regulations and recommend amendments to the laws. At the same time, to transform into a developed country by 2041, proper implementation of competition laws is essential to create a fair business environment for investors.
