AmCham – BIDA Virtual Meeting
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20 May 2020
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3:00 pm
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Online
The video conferencing took place on May 20th 3pm to measure persisting challenges for business operation during the pandemic .
The American Chamber of Commerce in Bangladesh , AmCham and Bangladesh Investment Development Authority (BIDA) held a video conferencing on May 20th 3pm to identify persisting challenges for businesses in continuing their commercial operation during the pandemic, expectations of business entities for developing strategic policy recommendations, and opportunities for enhanced inflow of FDI from the United States of America.
The participants shared a number recommendations during the meeting that included launching a regulatory policy package similar to neighboring countries, Allowance of expedition of policy procedures to help private sector sustain, waiver of supplementary duties on imports temporarily, allocation of more resources to Ports (Chittagong and Benapole) as significant traffic has led to significant disruptions in supply chains, extension of waiver of penalties for delayed utility services bill payment to businesses, expedited payment processes of matured bills, consideration of including Category A businesses to qualify for stimulus packages, ensuring transition to cashless society to ensure smooth business operation and few more:
•Launch a regulatory policy package similar to that of India.
•Allow expedition of policy procedures to help private sector sustain.
•Waive supplementary duties on imports temporarily.
•Allocate more resources to Ports (Chittagong and Benapole) as significant traffic has led to significant disruptions in supply chains.
•Extend waiver of penalties for delayed electricity bill payment to businesses.
•Expedite payment processes of matured bills.
•Consider including Category A businesses to qualify for stimulus packages.
•ensure transition to cashless society to ensure smooth business operation
