Bangladesh’s business environment is in urgent need of regulatory reforms, said industry leaders at an Investment Climate Roundtable oraganised by the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) and Policy Exchange Bangladesh (PEB).
Supported by the Australian Government’s Department of Foreign Affairs and Trade (DFAT), the event focused on how regulatory changes could unlock the potential for economic recovery and growth.
Bangladesh’s economy has struggled with low investment, weak foreign direct investment (FDI) inflows, and a fragile logistics system, speakers said. The roundtable highlighted how these challenges, compounded by macroeconomic issues since 2022, have hampered growth. However, with the interim government’s reforms since 2024, there is renewed hope for economic recovery.
Chief Guest, Secretary of the Ministry of Commerce Mahbubur Rahman stressed that regulatory reforms are key to building a competitive business environment and restoring investor confidence. He called for policy alignment with global standards to attract both local and international investments.
BIDA Member Shah Mohammad Mahboob and Austrade Trade & Investment Commissioner Ben Carson echoed these views, highlighting the importance of global partnerships and regulatory improvements to drive sustainable growth.
In his keynote address, Policy Exchange Bangladesh Chairman & CEO Dr. Masrur Reaz emphasized the need for clear investment priorities and stronger governance to unlock the country’s economic potential.
Panelists, including LafargeHolcim Bangladesh CEO Mohammad Iqbal Chowdhury, Newage Group Vice Chairman Asif Ibrahim, and ERF President Doulot Akter Mala, discussed the key challenges businesses face and how regulatory changes could help tap into opportunities for growth.
The session also saw high-level participation from figures such as Canadian High Commission Senior Trade Commissioner Debra Boyce, JETRO Country Representative Kazuiki Kataoka, Eastern Bank Ltd. Additional Managing Director Ahmed Shaheen, Shasha Denims Managing Director Shams Mahmud, Grameenphone Senior Director Hossain Sadat, and Snehasish Mahmud & Company Managing Partner Snehashish Barua. Their collective insights underlined the urgency of reforms and the importance of creating an environment conducive to both local and foreign investments.
