Negative impact of geopolitics is beginning to take its toll: FBCCI

Negative impact of geopolitics is beginning to take its toll: FBCCI

Mahbubul Alam, president of the apex trade organization FBCCI, believes that the economic crisis caused by the current world geopolitical context has already started to have a negative impact on the overall economic activities of Bangladesh. He said, the businessmen of the country are facing the biggest loss.

Mahbubul Alam said these words while addressing the traders at the annual general meeting of the Federation of Bangladesh Chamber of Commerce and Industry held at the Bangmata Sheikh Fazilatunnesa Mujib Convention Hall in the capital on Saturday. This information was informed in a press release in FBCCI.

The FBCCI president said that the business community should be united to advance the country’s economy on the path of prosperity by following the motto ‘Politics belongs to everyone, economy belongs to everyone’. He also commented that there is no alternative to move the country’s economy forward by forgetting political violence and differences. Mahbubul Alam said that businessmen are the lifeblood of the country’s economy. Businessmen play a very important role in driving the economy forward. He also said, “Businessmen of the country want to manage their business properly. A business-friendly environment is very important for the expansion of business, trade and investment in the country.

The FBCCI president also urged the political parties to refrain from ‘intolerant activities’ ahead of the national elections to keep the country’s business and economy moving.

Mahbubul Alam said that in 2026, trade environment and policies have to be modernized to face the challenges of transition from developing country. In this regard, various issues such as cross-border trade and connectivity, investment, formulation of private sector recommendations for building Smart Bangladesh, customs and taxation, infrastructure, supply chain and logistics support, energy, impact of climate change, fourth industrial revolution, technical and vocational and technical education. It is important to specifically highlight the position and recommendations of the private sector at the policy-making level.

The President of FBCCI highlighted the various initiatives taken by the current Board of Directors for the welfare of traders since assuming office. At this time, plans to open a new branch office in Old Dhaka and set up a vocational center in Uttara, open an expanded office of FBCCI in Gulshan, inaugurate the FBCCI Innovation and Research Center, receive a maximum installment of Tk 50 lakh for women entrepreneurs without a male guarantor, extend the income tax filing deadline by two months. Mahbubul Alam highlighted the role of the current board of directors in protecting the private sector of the country through advocacy.

Minutes of the last Annual General Meeting, Annual Report of FBCCI, Audit Report of Income and Expenditure and appointment of a new company as auditor were unanimously approved in the meeting.

In the meeting, among others, the senior vice president of the organization. Amin Helali, Vice President Khairul Huda Chapal, Mohammad Anwar Sadat Sarkar, Dr. Jashoda Jiban Debnath, Shami Kaiser, Rashedul Hossain Chowdhury, Md. Munir Hossain, Directors and General Council members of FBCCI were present.

According to the prothomalo

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