The interim government is taking steps to remove obstacles and dismantle syndicates to establish good governance and ensure a genuine ease of doing business, said Lutfey Siddiqi, special envoy to the Chief Adviser on international affairs.

He made the remarks while speaking as a special guest at a seminar titled ‘LDC Graduation: Impacts on Agro Sector, Export Diversification and The Way Forward,’ held at the Economic Reporters' Forum (ERF) auditorium in Paltan on Tuesday.

The event was jointly organised by the ERF and the Bangladesh Agrochemicals Manufacturers Association (BAMA).

He highlighted Bangladesh’s strategic advantage in becoming a manufacturing hub, leveraging its large workforce.

The interim government is identifying problems and working to resolve them to dismantle business syndicates and streamline services, he said.

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Citing an example, he added, “One of the benefits of this initiative is evident in air ticket prices which were previously inflated due to syndicates.”

On agrochemical manufacturing, he assured that the government would take necessary steps to promote local production to ensure smooth agricultural output.

Chief Adviser’s Press Secretary Shafiqul Alam said  for the past 20 years, ease of doing business was mostly discussed on paper.

“The interim government, led by Professor Muhammad Yunus, is working to ensure a real and effective ease of doing business,” he said .

BAMA President KSM Mustafizur Rahman delivered a presentation on Bangladesh’s agrochemical production and market potential.

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He stressed the need to facilitate local agrochemical manufacturing at a lower cost to reduce import dependency.

Ashraful Haque Chowdhury, president of the D-Chamber of Commerce, also spoke at the event.