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FSDWC Calls for  Repatriation, Alternative Investment Rules

Stakeholders at the 6th Meeting of the Financial Sector Development Working Committee (FSDWC) of BUILD on June 4, 2017 at Bangladesh Bank stressed simplification of repatriation policy and  facilitating venture capital investment by bringing changes in the Alternative Investment Rules 2015. Business Initiative Leading Development (BUILD) organized the meeting and presented two policy papers; simplification of policies for repatriation and SME financing and the new alternative investment rules. BUILD also shared an issue brief on strengthening green financing in Bangladesh at the meeting. 

The meeting was jointly presided over by Shitangshu Kumar Sur Chowdhury, Deputy Governor, BB and Abul Kasem Khan, President, Dhaka Chamber of Commerce & Industry (DCCI) who are the co-chairs of the working group. Representatives from Bangladesh Bank, Bangladesh Investment Development Authority (BIDA), Bangladesh Securities & Exchange Commission (BSEC), Dhaka Stock Exchange Ltd., Mutual Trust Bank Ltd., Meghna Bank Ltd., Kushiara Power Ltd., venture capital representatives and multinational companies and other concerned representatives from public and private sectors attended the meeting and joined the discussion. 

BUILD highlighted the policy inconsistencies and contradictions and recommended for  a clearly spelt out process maps along with specific time-bound implementation of repatriation policies. It said that repatriation without approval limit should be maintained as per foreign exchange guideline and it also proposed for a threshold amount practiced in some other countries. It also suggested separate threshold rates for  different industries including high –tech industries. BUILD also recommended reduction of the processing time by having the process fully automated. As, provision of service LC and option for Advance payment guarantee(APG) already exist in the Foreign Exchange Guideline (FEG) but BUILD requested BB to have it implemented. 

In respect of Venture Capital financing, BUILD recommended for increasing utilization of BB earmarked funding for each scheduled bank to the amount of BDT 2 billion, as like  as BB has done for SME, Agriculture, agent banking to make the funding popular. Access to CIB for VC Firms, using NITA account for VCs, clear valuation method were some of the other recommendations. A Policy Brief on strengthening green financing in Bangladesh proposed for a green industrial policy with financial incentives, solar park for renewable energy etc.

BIDA representative informed that the organization is in the process of automation of the repatriation services. In regard to a threshold amount it was told that there are some already agreed amount for branch office, similar sectoral threshold can be examined. It was informed that in the BIDA Act 2016 they are supposed to provide Royalty and Technical Know How, Technical assistance and Franchise fee to the concerned industries upon getting its permission while FEG says that up to certain level threshold, permission is not required that confuses the investors. BIDA, Bangladesh Bank would need to sit together to understand the policy inconsistencies and decide on how to remove these barriers. In respect of NITA, DY Governor instructed to a  concept note Bangladesh Bank by VC Association through BUILD.

He also said that VC Funding areas can be broadened for SMEs in some cases. There may be a training and awareness program in collaboration with BB, BIBM, DCCI and BUILD for developing high technical professional VC team. In another presentation, BUILD CEO told that SMEs could be brought under green financing umbrella by allowing cluster-based associations to avail finance. 

Asif Ibrahim, Advisor to BUILD put emphasis on taking an initiative from Bangladesh Bank for a  circular of  good borrowers to encourage the entrepreneurs for continuing this practice. A K Khan, President DCCI and Co-Chair of the committee endorsed the views of  Mr Ibrahim and thanked BB and BUILD for this immensely important Public Private Dialogue which has given the private sector to put forward their opinions directly to the government.

Shitangshu Kumar Sur Chowdhury thanked all participants and noted that financial sector reform is an ongoing process. He appreciated the reform proposals submitted by BUILD and pledged that due review and decisions on the proposals would be undertaken. 

TSP meeting puts thrust on efficient use of water, energy

The 2nd meeting of the Textile Sustainability Platform (TSP) was held on April 30, 2017 at the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) conference room where Asif Ibrahim, Founder Chairman of Business Initiative Leading Development (BUILD)chaired the meeting.

Siddiqur Rahman, President BGMEA and Miran Ali, Director, BGMEA were present and endorsed the meeting proceedings and decisions. CEO BUILD Ferdaus Ara Begum informed the meeting about the implementation progress of the 1st TSP meeting and other related issues and sought all out supports from the TSP members to achieve the goals of the platform.

The findings of the study on "Regulating Private Sector Water Use & Water Pollution in Bangladesh: Mapping of Responsibilities" prepared by BUILD were presented in the meeting. The study has taken stock of roles and responsibilities of 19 government organizations that have primary or secondary relevance in regulating water use, pollution control and management issues in Bangladesh. The report emphasized on the finalization of the Water Rules at the shortest possible time to enable the Water Resource Planning Organization (WARPO) to play an effective role as the key institution responsible for implementing the Water Act 2013 and set right parameters for providing No-Objection Certificate to the private sector.The study also suggested a more active role of the Executive Committee of the National Water Resources Council (ECNWRC) supported by WARPO.

Asif Ibrahim, Co-Chair of TSP, suggested that the recommendations could be advocated through the  Private Sector Development Policy Coordination Committee (PSDPCC) at the Prime Minister’s Office (PMO) as well as Sustainability & Green Growth Working Committee (SGGWC) co-chaired by the Secretary, Ministry of Environment & Forests (MOEF) and President, BGMEA .

The TSP Members offered insightful suggestions and feedback on the study. It was suggested that the recommendations can be streamlined and categorized into short, medium and long term ones for which advocacy activities can be undertaken by TSP. In regard to the Water Rules, discussion revealed that it is almost in the final stage and would soon be submitted to Ministry of Water Resources for approval. The TSP members welcomed the notion of voluntary disclosure of water use and water treatment by the private sector.

Government officials, noted academics, researchers and sector experts, as well as representatives from chamber bodies, international development partners, and brands took part in the meeting.

Meeting with MOEF and UNDP

Business Initiative Leading Development (BUILD) officials met with the MoEF Secretary on April 13, 2017 at MoEF to discuss some key issues related to Sustainability and Green Growth Working Committee and BUILD’s ongoing collaboration with the MoEF.

During the meeting, BUILD CEO briefed the activities and role of the BUILD for business development of the country and also mentioned about BUILD’s initiative to organize public-private dialogue research and advocacy activities under five thematic areas including sustainability and green growth, trade & investment, taxation, SME development, and financial sector development.

Regarding BUILD’s ongoing collaboration with MoEF, she shortly mentioned the decision of the previous meetings and so far activities that have already been done in Sustainability and Green Growth Working Committee.  She briefed the membership formation of SGGWC and also its mandate to engage existing associated and complementary dialogue partners, one of such is the Textile Sustainability Platform (TSP) that focuses specifically on environmental sustainability and resource efficiency in the textile sector of Bangladesh.

UNDP representative  Khurshid Alam mentioned UNDP’s support to BUILD regarding formation of SGGWC. CEO BUILD mentioned about a proposal on Sustainability and Green Growth for Environment Supporting Strategy (SUGGEST) that objectives is to build capacities of the private sector in certain areas where MOEF can support and will give suggestion in that respect in future.

As a distinguished co-chair of SGGWC,  Istiaque Ahmad, Secretary in charge, MoEF mentioned that goal 12 and 13 would be relevant to the agenda of SGGWC. He mentioned that MOEF collaboration with BUILD will continue and the working group will organize the next meeting after the finalization of the committee with both Public and Private sector representative. Finally he said that , MoEF will extend their support to get the representatives from ministries and agencies of GOB for co-option in the SGGWC where UNDP and BUILD will follow up with ministries and agencies so that the committee can be finalized soon.

From MoEF,  Abdullah Al Mohsin Chowdhury, Additional Secretary (Development), Farjana Khanom, Senior Assistant Chief,  Arif M. Faisal, Programme Specialist, Climate Change, Environment and Resilience Cluster, UNDP, Mayeesha Azhar, Research Assistant, UNDP and BUILD officials were also present in the meeting.

Meeting between BUILD and BSCIC

During the meeting, BUILD CEO briefed the activities and role of the BUILD for business development of the country. “We have initiated a study on Land Ownership Transformation Policy and we will place it to the coming SME development Working Committee”, she said. 

 The study, meanwhile finds that BSCIC has so far allocated 10379 numbers of plots among 5799 units in which  4420 units are already in operation but 414 units are either sick or shut down. 349 plots are still not owed yet.  

 The meeting also put lights on the core activities of BSCIC with special focus  on Land Ownership Transformation Policy of the country.

 The Chairman of BSCIC gave a patient hearing and assured BUILD that BSCIC will support the study to go forward and requested BUILD to analyze the activities in and out.

After the meeting, BUILD CEO hands over a set of BUILD Publications to the Chairman.

The delegation was equipped by Khandoker Aminuzzaman, General Manager (Planning Division), BSCIC,  M. A. Hannan, Deputy Manager, BSCIC, Golam Sarwar Basunia, General Manager, BSCIC and Bashir Ahmed, Deputy General Manager (Industrial Estate Division), BSCIC. 

BUILD gets Nihad Kabir as Chairman

Nihad Kabir, Barrister, President of Metropolitan Chamber of Commerce and Industry has  taken over as the Chairman of the Trustee Board of Business Initiative Leading Development (BUILD) for the year 2017. Nihad Kabir succeeds Syed Nasim Manzur who served BUILD as Chairman in 2016.

Nihad Kabir is an Advocate of the Supreme Court of Bangladesh and a Director and shareholder of Kedarpur Tea Co Ltd. . She is a director of Brac Bank, Infrastructure Development Company, Palli Karma-Sahayak Foundation, bKash, and independent director of Square Pharmaceuticals and Apex Footwear. She is also the Chairperson of Brac-EPL Investments and Brac-EPL Stock Brokerage.

The Trustee Board is vested with the authority and responsibility to exercise control over all the activities conducted by BUILD. The Trustee Board for 2017 includes Abul Kasem Khan, President of Dhaka Chamber of Commerce and Industry (DCCI), Mahbubul Alam, President of The Chittagong Chamber of Commerce and Industry (CCCI), Farooq Ahmed, Secretary General of MCCI, H.M Reazul Kabir, Secretary General of DCCI, Engr. MD. Alamgir Chowdhury, Secretary  of CCCI and Asif Ibrahim, Adviser to BUILD Trustee Board. Ferdaus Ara Begum is the Member Secretary to the Trustee Board.

BUILD is a Public Private Dialogue Platform sponsored by Dhaka Chamber of Commerce and Industry, Metropolitan Chamber of Commerce and Industry and Chittagong Chamber of Commerce and Industry providing secretarial support to the Private Sector Development Policy Co-ordination Committee at the Prime Minister's Office (PMO).

BUILD works as the bridge that connects the public and private sectors for better communication, coordination and collaboration in bringing reforms in business policies and procedures to improve the country's investment climate in Bangladesh.

BUILD features public-private dialogue on five thematic areas – Tax, SMEs, Financial Sector and Trade and Investment, Sustainability and Green Growth. It undertakes much of the analysis and advocacy to support the dialogue process, and assist in ensuring that BUILD develops specific, measurable and results-based recommendations for the Government to implement".

Thrust on Separate Economic Zone for Women Entrepreneurs

Business Initiative Leading Development (BUILD) joined a meeting with Paban Chowdhury, Executive Chairman of BEZA at the office of BEZA on January 17, 2017 to discuss separate special economic zone for women entrepreneurs in the country.BUILD CEO Ferdaus Ara Begum referredto the decision made at the 8th PSDPCC (Private Sector Development Policy Coordination Committee) meeting at PMO held on January 13, 2016 and requested for exploring possibilities of setting up a separate Economic Zone (EZ) for Women Entrepreneurs (WE).

Having joined the meeting, Monowara Hakim Ali, President of Chittagong Women Chamber of Commerce & Industry-CWCCItold that they had submitted the proposals for BSCIC industrial plots in 2007 and BSCIC agreed for setting up the first industrial zone for women entrepreneurs in the new industrial park of Bangladesh Small and Cottage Industries Corporation (BSCIC) at Barabkunda, Chittagong but this has not seen the light yet.

In this thread, Paban Chowdhury, Executive Chairman of BEZA told that, for allocating land they have already tendered for investment  in the economic zones of Chittagong. The women entrepreneurs should participate with required proposals mitigating all terms and conditions in order to qualify in the bidding process, he said.

The meeting was attended by Mohammed Ayub, Additional Secretary & Secretary, BEZA, S.M. Nurul Alam, Joint Secretary & General Manager, BEZA, G. A. Rayhan, Business Consultant & CEO, CWCCI.

“Requirements for Separate Economic Zone (EZ) for Women Entrepreneurs (WE)” was presented in the 8th PSDPCC meeting at PMO held on January 13, 2016. For the implementation of the decision of 8th PSDPCC meeting, recently BEZA decided to allocate 100 acre lands for women entrepreneurs at Mirsorai Economic Zone, Chittagong. In that respect, BEZA will make agreement with relevant organizations.

There are a lot of women entrepreneurs in the country who want to expand their business but due to lack of land they cannot expand their business. For that reason a proposal on “Requirements for Separate Economic Zone (EZ) for Women Entrepreneurs (WE)” was presented in the 8th PSDPCC meeting at PMO held on January 13, 2016.


New Trustee Board Shared Plan of Activities with PMO

BUILD Trustee Board Members joined a meeting with Dr. Kamal Abdul Naser Chowdhury, Principal Secretary to the Prime Minister on February 23, 2017 to discuss how Private Sector Development Policy Coordination Committee (PSDPCC) can collaborate further in areas of research, policy and advocacy for private sector development. BUILD Chairman Nihad Kabir shortly put light on the meeting agenda and also briefed about upcoming and overall activities of the organization.

Principal Secretary welcomed the delegation of BUILD and commended the initiative of the private sector that is already working as a conduit to formalize decisions of the Government in a mode of public private collaboration. Like the other Principal Secretaries, I will keep supporting the PSDPCC and our Government has already created the momentum and we need all of your support to keep this momentum going, he said.

He also added that despite challenges, we all need to build our image and the private sector has to do more to demonstrate that Bangladesh is keen to play a part on the global stage and let’s ensure that our voice remains strong to address any fears and propaganda against the country.

Speaking at the meeting, Asif Ibraim, Advisor to BUILD said that establishment of Private Sector Development Policy Coordination Committee (PSDPCC) is a mechanism to meet the demand of research and study for systematic, research-backed and fact-based business operation.

Echoing Asif Ibrahim, Mahbubul Alam, President, Chittagong Chamber of Commerce & Industry requested the PMO to ponder actions for PSDPCC and resolves all business issues through this platform while Abul Kasem Khan, President, Dhaka Chamber of Commerce and Industry underscored the need for research-backed and fact-based business reforms for the ease of business in Bangladesh and thus reducing cost of doing business.

BUILD CEO Ferdaus Ara Begum discussed the agenda of the coming meeting of PSDPCC and sought attention for a meeting date to hold the 9th PSDPCC meeting. The Principal Secretary instantly directed the Policy Coordination Unit of PMO to review all agenda and fix a meeting date for PSDPCC soon. Taking cue from the Principal Secretary, Nafiul Hasan, Director-1 of PMO said that despite PSDPCC is an inter-ministerial approach and it involves a number of ministries, therefore we need ample time.  

BUILD CEO Ferdaus Ara Begum informed that so far 100 plus reforms through PSDPCC has been implemented and it needs more support from the corresponding wings of the Government to get rid from the regulatory issues. In this connection, the Principal Secretary said that the Policy Coordination Unit of PMO will engage and inform all related ministries to support BUILD so that it can invigorate its activities and meet the need of the PSDPCC established and working under PMO.

Farooq Ahmed, Secretary General, Metropolitan Chamber of Commerce and Industry was present at the meeting and spoke.

Chemonics and BUILD sign MOU for regional connectivity

Business Initiative Leading Development (BUILD) signed a Memorandum of Understanding (MOU) recently with Chemonics,  the implementer of the U.S. Agency for International Development (USAID)’s Asia and Middle East Economic Growth (AMEG) project, to coordinate their approach to activities promoting regional connectivity in South Asia through August 2017.

AMEG supports USAID Missions and Bureaus in the Asia and the Middle East regions by providing the necessary tools to conduct successful economic and financial management assessments, strategic planning, diagnostics, pilots, and program designs.

The MOU was signed by Anne Spahr, AMEG Chief of Party, and Ferdaus Ara Begum, Chief Executive Officer of BUILD. Under this MOU , BUILD will serve as a key partner for AMEG on regional activities in 2017 and help identify opportunities for enhancing regional connectivity and trade, facilitate connections with Bangladeshi stakeholders, and provide feedback to the AMEG team when necessary. AMEG will identify opportunities for collaboration with BUILD, develop scopes of work, and enter into agreements that include specific areas for collaboration.

As an example of the work that BUILD and AMEG will do together under this MOU, AMEG and BUILD will help carry out a two-day Task Force Workshop in India in April 2017 to design a demonstration pilot for enhancing regional connectivity. This task force and pilot activity seeks to bring together public and private sector stakeholders to demonstrate the viability and positive impact of allowing express shipments through land ports between Bangladesh and India.

Having signed the MOU, Ferdaus Ara Begum, Chief Executive Officer of BUILD said that all our commitments existing in the MOU will be delivered as planned to enable AMEG activities promoting regional connectivity in South Asia in general and between Bangladesh and India in particular.

Anne Spahr, AMEG Chief of Party said that AMEG is very excited to partner with BUILD in Bangladesh to put some of the recommendations to facilitate trade and new investment into action in the region.

As IPEC Phase III moves forward to support implementation of aspects of the NTB action plan developed in December 2016, Chemonics is partnering with BUILD to provide formal support to implementation of critical activities in Bangladesh and the region. As a subcontractor, BUILD will provide meeting facilitation services for Chemonics consultants traveling to Dhaka, leadership support for the task force workshop in India, and provide assistance to identify opportunities for additional trade facilitation

technical opportunities in the region.

Thrust on bringing  a positive impact on the financial sector

A meeting between the Parliamentary Standing Committee on the Ministry of Finance and Business Initiative Leading Development (BUILD) was held at Bangladesh Parliament on January 8, 2017 in presence of Dr. Md. Abdur Razzak, Chairman, Standing Committee on Ministry of Finance and Ferdaus Ara Begum, CEO, BUILD. The meeting underscored the gaps and laps in policy and high-quality research in supporting financial sector of the country. BUILD CEO Ferdaus Ara Begum shortly briefed about the reforms endeavor of BUILD and its journey in policy research and how BUILD has been working as the Secretariat of Private Sector Development Policy Coordination Committee (PSDPCC) at PMO. She also expressed interest in advocating policy reforms of financial sector development and in this respect sough support through the Parliamentary Standing Committee on the Ministry of Finance in a bid to bringing about a positive impact on the financial sector.

BUILD CEO mentioned that BUILD has already placed 10 Reform Policy Papers at PSDPCC through Financial Sector Development Working Committee and proposed 80 recommendations. The PSDPCC implemented 22 reforms in the financial sector, while 30 is under process for implementation and 24 is under review.

Welcoming the BUILD Team, Dr. Abdur Razzak said that the Parliamentary Standing Committee on the Ministry of Finance will sit with the stakeholders of grassroots level in order to implement VAT and SD Act before the national budget.

He also emphasized the need for reforms in several areas to achieve a double-digit growth, so wants to take steps along with the business and stakeholders to work with them: helping to shape a new approach, setting the template that works for all business.

The meeting finally decided to hold budget dialogue and other consultation meetings with the private sector in the coming days before the  upcoming budget 2017-18  so that private sector can be reflected adequately.

Private Sector in Development- key for SDGs

BUILD Trustee Board Members joined a meeting with a team of UNDP Bangladesh led by its Country Director Sudipto Mukerjee on February 26, 2017 at UNDP’s Dhaka Office to discuss ways and means for more engagement of private sector for sustainable development and strengthening collaboration and network among private sector and development partners. 

Nihad Kabir, Chairman of BUILD and President of Metropolitan Chamber of Commerce & Industry (MCCI), briefly introduced BUILD and said that it is a platform for action-oriented reforms that simplify the process of doing business in Bangladesh by working closely with the government.  

Taking cue from the BUILD Chairman, Ferdaus Ara Begum, CEO of BUILD mentioned that we feature public private dialogue on five thematic areas – Tax, SMEs, Financial Sector, Trade & Investment and Sustainability & Green Growth. We have designed the Sustainability & Green Growth working committee in collaboration with UNDP Bangladesh in order to harmonize economic growth with environmental sustainability, while improving the eco-efficiency of economic growth and enhancing the synergies between environment and economy.

Welcoming BUILD Delegation Sudipto Mukerjee said that UNDP works in nearly 170 countries helping to eradicate poverty and reduce inequality and exclusion. In these countries, we see more and more people, particularly young women and men, push the boundaries of citizen engagement and work towards a future they prefer.

Considering the role of the private sector in Bangladesh, he said that we are keen to see an active engagement of the private sector in Bangladesh which is extremely critical for the much needed acceleration in the progress for the achievement of the Sustainable Development Goals (SDGs) and other internationally agreed development commitments.  

Having agreed with UNDP Country Director, Shaila Khan, Assistant Country Director and Head, Local Governance Cluster at UNDPadded that innovation for development identifies more effective solutions that add value for the people affected by development challenges despite we know.

 Joining the meeting, Khurshid Alam, Assistant Country Director of UNDP said that we need to think about our strategic thinking capacity and foresight capacity about what we want to achieve and where we want to go. We need ongoing dialogues of engagement, capacity building and innovation for both public and private sectors.  

Both organizations decided to continue their ongoing efforts for growth and development of the private sector. The meeting was attended by AHM Rezaul Kabir, Secretary General of Dhaka Chamber of Commerce & Industry, Dr Linda Germanis, Programme Officer- UNV Hub will spoke at the meeting.

Reconstituted TSP fixes strategies for greener textile companies

The first orientation meeting of the Textile Sustainability Platform (TSP) was held on 28 February at BGMEA Conference Room. BUILD in association with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) organised the programme.

The meeting discussed strategies for a sustainable Textile sector, co-chaired by Faruque Hassan, Senior Vice President, BGMEA and Asif Ibrahim, founder Chairman, BUILD.

Underlining his involvement with TSP since its inception in 2014 as part of IFC's PaCT (Partnership for Cleaner Textile) programme, Faruque Hassan said: TSP should be a permanent platform to facilitate dialogue across the public and the private stakeholders to promote resource efficiency and sound environmental management practices to help the sector become competitive.

"I thank BUILD for their endeavor to work for the reconstituted TSP," he observed. "Recommendations backed by evidence-based research will be advocated through BUILD's Sustainability and Green Growth (SGG) working committee (headed by Secretary, Ministry of Environment and Forests (MoEF) and President, BGMEA) to the Private Sector Development Policy Coordination Committee (PSDPCC) at the Prime Minister's Office (chaired by the Principal Secretary, PMO), for which BUILD is providing all secretarial services," said Asif Ibrahim.

He further observed that this mechanism would help push policy reforms that create an enabling environment for better uptake of green measures in the sector.

Ferdaus Ara Begum, CEO of BUILD, in her presentation discussed the goals and objectives of TSP and potential areas of research topics on utilisation of Green Financing and Water Use Rationalistion to achieve the eventual goal of $ 50 billion in exports by 2021.

Businesses need to strengthen peer learning to ensure dissemination and adoption of best practices. Stronger awareness supported by match-making between technological solution companies and textile sector entrepreneurs on cost-effective technological solutions enabling efficient resource use were highlighted.

BGMEA and BUILD, in cooperation with international brands, will organise events and develop platforms to ensure dissemination of knowledge about sustainable solutions.

Bangladesh Bank representative Julhas Uddin mentioned several steps taken by the government to promote green financing, including establishment of USD 200m Green Transformation Fund and setting of the requirement for all banks to extend minimum 5 per cent green financing out of their total financing. BIDA, BSTI, GIZ, H&M, Textile College and PRI representatives also spoke at the occasion.

The meeting decided to co-opt more suitable representatives from BGMEA, Department of Environment (DoE), Dhaka WASA, BEZA, BEPZA, Department of Textile, and so on.

Groundwork Meeting of Express Shipments Pilot at Benapole

Under the Asia & Middle East Economic Growth Best Practices (AMEG) project, Chemonics and BUILD implement the Indo-Pacific Economic Corridor (IPEC) activity  in Bangladesh to promote regional stability and economic prosperity by implementing programs that will build broader cooperation between India and Bangladesh.

For this activity, BUILD and Chenonics joined a groundwork meeting at BUILD on 26 February 2017. BUILD CEO Ferdaus Ara Begum initially put light on possible means for supporting the Express Shipments Pilot at the Benapole/Petrapole land port between Bangladesh and India as well as possible collaboration with Bangladesh Postal Service, Customs and Courier Services on a public-private task force to facilitate the demonstration of best practice in addressing non-tariff barriers to trade.  

Stephen P. Wade, Technical Team Lead/ Senior Trade Advisor, AMEG Project, Chemonics International , Kaitlyn Bacca, Events Coordinator for the Chemonics AMEG Project's Indo-Pacific Economic Corridor (IPEC) activity joined the meeting.  

Joining the meeting, Zulfiqur Ali , Director, Customs  and Regulatory Affairs , DHLand  Motiar Rahman, Member of the Land Port Subcommittee, IBCCI expressed concerns over regulatory issues of express shipment and they also mentioned some major issues like absence of required testing labs, warehouses and  imposing holiday charges.

As a subcontractor of the project, BUILD provides meeting facilitation services for Chemonics consultants traveling to Dhaka, leadership support for the task force workshop in India, and provide assistance to identify opportunities for additional trade facilitation technical opportunities in the region.

As well as this meeting, BUILD supported nine meetings altogether during the trip (25-28 February 2017) of Chemonics Team in Bangladesh.

The Chemonics Team led by Stephen P. Wademet Muhammad Farid Uddin, Member Customs, NBR, John Macy, Private Enterprise Officer, USAID,  , Jahangir Bin Alam, Secretary, CEO, India-Bangladesh CCI,  Sheikh Md. Farid, President, Dhaka Customs Agents Association,  S.S. Bhadra, Additional Director General, Bangladesh Postal Service,  Kazi Borhan Uddin Ahmed, MD Mohna Holdings Ltd,  Mahbubul Anam, President, BAFFA,  Glenn F.J. Mackenzie-Frazer, COP, BTFA.

BUILD One Year Anniversary

Business Initiative Leading Development (BUILD) celebrated its 1st anniversary on 10 November, 2012 in the city.

Finance Minister Mr. Abul Maal Abdul Muhith attended the ceremony as chief guest, Mr. Asif Ibrahim, Chairman BUILD and President Dhaka Chamber of Commerce & Industry (DCCI) presided over the ceremony. Mr. Shaikh Md. Wahid-uz-Zaman, Principal Secretary, Prime Minister’s Office, Mr. A. K. Azad, President, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Mr. Kazi Akramuddin Ahamed, Chairman, Standard Bank Limited were present as special guests. 

Introduction to Business Initiative Leading Development (BUILD)

Dhaka, September 18, 2012: Introduction to Business Initiative Leading Development (BUILD) organized a discussion meeting at Ruposhi Bangla Hotel. The meeting was hosted by Mr. Asif Ibrahim, Chairman BUILD and President Dhaka Chamber of Commerce and Industry(DCCI) and Mrs. Fardaus Ara Begum, Chief Executive Officer (CEO) BUILD. Business editors and senior reporters from leading electronic and print media attended the event and exchanged views on the role of the private sector in advocating business reforms. The event was lively and resulted in constructive dialogue on the concept of BUILD and its potential for acting as a partner to the government in private sector development.

Business Initiative Leading Development (BUILD) is a research-based platform that facilitates interactive dialogue between the private and the public sector through which both sides can work together and address the key constraints that are impeding the growth of the private sector. BUILD works to identify ways to make the investment climate more business-friendly and advocates for positive changes in the regulatory framework of Bangladesh. BUILD is a joint initiative of the Dhaka Chamber of Commerce and Industry(DCCI), the Metropolitan Chamber of Commerce and Industry (MCCI) and the SME Foundation