Bangladesh
Bangladesh No syndicate can exist in Bangladesh: Minister of State for Commerce
New state minister for commerce Ahsanul Islam Titu said that hoarding will be suppressed with a strong hand, we want to manage smart market in smart Bangladesh.
He said this to reporters when he came to the Secretariat for the first time at the Ministry of Commerce.
The state minister said that no syndicate can exist in Bangladesh. Action will be taken if anyone creates instability in the market by doing any manipulation.
He said, "We want to control commodity prices through fair market management. It is not a fear. All those who do business in this country are patriots. We believe they will work for the welfare of people."
"It will be our responsibility to bring them into transparency and accountability. Especially those who deal with our essential products. We will ensure that those who work with products like oil, sugar, salt work with transparency and accountability," he said.
Minister of State for Commerce said, "We are self-sufficient in agriculture. We have achieved unprecedented success in agriculture. We have no shortage of rice, vegetables, fish, eggs, chicken. But market management, smart want to do smart market management in Bangladesh. Want to reduce delivery time from producer or importer to consumer level. If the supply is good then no one will have a chance to manipulate the market and no one will have a chance to sell at high prices."
He also said, "We want to diversify exports. We are very dependent on garments. The Prime Minister yesterday (January 13) directed us to provide similar facilities to those in the leather industry and those in the jute industry as in garments. Our value addition is very high there."
