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Political differences hinder trade and commerce: Muhith

Bangladesh Sangbad Sangstha . Dhaka

Visitors look at textile machines at the 11th Dhaka International Textile and Garment Machinery Exhibition at Bangabandhu International Conference Centre in Dhaka on Wednesday. — New Age photo Visitors look at textile machines at the 11th Dhaka International Textile and Garment Machinery Exhibition at Bangabandhu International Conference Centre in Dhaka on Wednesday. — New Age photo

Finance minister Abul Maal Abdul Muhith on Wednesday said political differences sometime affect country’s trade and commerce.
He said this while inaugurating the 11th Dhaka International Textile and Garment Machinery Exhibition at Bangabandhu International Conference Centre in the city.
Bangladesh Textile Mills Association, Chan Chao International, Taiwan, and Yorkers Trade and Marketing Service, Hong Kong jointly arranged the exhibition.
BTMA president Jahangir Alamin presided over the inaugural session while president of Federation of Bangladesh Chambers of Commerce and Industry Kazi Akram Uddin Ahmed spoke as special guest.
Muhith said works are going to establish a number of Special Export Processing Zones in the country.
But, he pointed out; scarcity of land is a serious problem to this end.
The finance minister in his speech touched a number of compliance issues in the industry sector including labour standard, occupational safety and welfare of workers.
Kazi Akram said country’s trade and commerce would have been grown further had the political instability not occurred.
He described businessmen as the ‘engine of economic growth’ and hoped that country will witness eight per cent growth and earn US$40 billion by the next 2/3 years.
‘We’re expecting to get US$250 million as spot orders from the exposition,’ said the BTMA leader.
A total of 850 companies from 31 countries are displaying garment and textile machineries in 1050 stalls in the expo.
Australia, Austria, Bangladesh, Belgium, China, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Netherlands, Pakistan, Singapore, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, UK, and USA and some other countries are taking part in the expo.
The exhibition included spinning, weaving, knitting, dyeing, printing, finishing, sewing, iron & hanger system, CAD/CAM, testing and other related machinery, equipment and spare parts.




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