Speakers in a discussion on Wednesday emphasized full automation of VAT return and refund process and rational application of VAT to reduce the cost of doing business.

They also urged improving product quality along with improving the certification capacity of BSTI to balance local and international standards and increase expertise to enforce standards.

They said this at a roundtable discussion titled “Strengthening Business-Agency Collaboration” organized by the Dhaka Chamber of Commerce & Industry (DCCI) in its auditorium.

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Mayor of Dhaka North City Corporation (DNCC) Md. Atiqul Islam speaking as the chief guest said that trade licenses in Dhaka North  went online and businessmen can avail of this facility from any place.

Tapan Kanti Ghosh, senior secretary, ministry of commerce, and Mahbubul Alam, President of FBCCI, were the special guests in the program. Pradip Ranjan Chakraborty, Chairperson, of Bangladesh Competition Commission, and other business leaders also spoke at the function.

“We want to be cash-less and soon we can make our markets cash-less. Traffic signals will be run by artificial intelligence (AI) in the near future,” Mayor Atiqul said.

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FBCCI President Mahbubul Alam said, “We need to upgrade our sea ports to international standard with full automation and faster implementation of logistic policy.”

To create a smart Bangladesh, initiatives are needed for free trade agreements, international business diversification, and FDI attraction, he added.

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Tapan Kanti Ghosh, senior secretary, ministry of commerce, and Mahbubul Alam, President of FBCCI, were the special guests at the program.

Pradip Ranjan Chakraborty, Chairperson, Bangladesh Competition Commission, and other business leaders also spoke at the function.

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