November 10, 2021 | less than a minute read

Experts for greater focus on regional trade blocs to attract trade, investments

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Rafiqul Islam

Senior Marketing Manager

Get in touch

Rafiqul Islam

Senior Marketing Manager

Bangladesh should take advantage of its strategic location as regional transport and trade hub by improving its competitiveness. In this journey, Bangladesh needs to work more in policy reforms, product diversification, market diversification, business process simplification, competitive tax and tariff regime, infrastructure development to harness the economic potentials.

At the same time, improve private sector investors and attract investment, increase the productivity of agriculture and export value-added products, enhance the skill of the workforce to support the industry at home and abroad.

Bangladesh needs to work more on policy reforms, product and market diversification, business process simplification, competitiveness of tax and tariff regimes and infrastructure development to harness the economic potentials presented by its geographical position in the Asia and Pacific region, said experts.