There have been many cases of import/export regulation violations where the concerned businessmen could not be traced. To avoid such discrepancies, exporters and importers would have to be members of related trade bodies to carry on with their business.
Faruk Khan, commerce minister has said that businessmen will not be allowed to export or import unless they were members of related trade bodies. He said that the draft of Trade Organisation Act, which will be finalized by the start of next year, will include this provision.
The minister was speaking to reporters following a visit by the outgoing European Union ambassador Stefan Frowein on Wednesday. He said that work was ongoing to implement and finalise the draft of the 'Trade Organisation Act.'
The minister said that a copy of the draft has been provided to the apex trade body, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and opinions of all related parties will be considered before the Act was finalized.
