The Foreign Investors’ Chamber of Commerce and Industry on Thursday held a consultation meeting titled ‘Competition Act 2012 and the Functions of the Bangladesh Competition Commission’ at its conference hall in the capital.Â
The meeting was chaired by FICCI president Zaved Akhtar, with Bangladesh Competition Commission chairman AHM Ahsan present as chief guest, said a FICCI press release.
Addressing the event, AHM Ahsan underlined the importance of the law in strengthening market fairness.
‘The Competition Act is a cornerstone for a healthy free-market economy. Enacted in 2012, it empowers the Commission to curb cartels and syndicates, protect consumer interests and foster investment,’ he said.Â
‘Effective enforcement will encourage innovation, create jobs, and drive sustainable economic growth,’ the chairman noted.
FICCI president Zaved reaffirmed the chamber’s commitment to promoting fair business practices.Â
‘FICCI represents nearly 200 leading companies from 35 countries across 21 sectors. Our members believe in fair competition and a level playing field. We want a strong and effective law that protects both industry and consumers,’ he said.Â
The meeting, moderated by FICCI executive director TIM Nurul Kabir, included insights from officials of the Competition Commission. Â
Representatives from FICCI member companies also shared their perspectives on the law’s implementation and potential amendments.
FICCI board member Sumitava Basu, senior commission officials and representatives from FICCI’s member companies were also present at the meeting. Â
