Bangladesh
National Export Trophy President calls for crackdown on unscrupulous traders
Own Correspondent, Dhaka, April 8: President Md. Abdul Hamid has said that a section of traders syndicate on the holy month of Ramadan and Eid to destabilize the country's market. By syndicating and increasing the price of goods, they create misery. The government should be more strict against these dishonest traders.
The President said these while speaking as the chief guest at the 'National Export Trophy' presentation ceremony on Thursday (April 7). He joined the event virtually from Bangabhaban.
The President said, "The holy month of Ramadan is in full swing. Eid-ul-Fitr is coming. In our country, as soon as various festivals including Ramadan and Eid come, the prices of some products go up suddenly. In different countries of the world, the prices of national and religious festivals are reduced. On the occasion of Ramadan, the prices of products have been reduced in different countries including Saudi Arabia. But in our country the opposite is seen. Small and big businessmen are lurking to cut people's pockets by capitalizing on the festival."
He said, "Syndicate is the most talked about word these days. The syndicate is blamed for increasing or decreasing the price of goods in any sector. The government must be strict in bringing those who syndicate increase the suffering of the people under the law."
Abdul Hamid said, "It is not the lack of supply and demand that we have here, it is the price of goods that is being manipulated. It's not desirable at all."
The President said, "We have to be vigilant so that the vicious circle does not increase the suffering of the people in any way. The government has to work with a plan in advance. Then the manipulation in the market will decrease. In this case, importers and traders must take concerted action."
Addressing the traders, he said, "Some of our products have reached the top in the world market. In 2024, the export target has been set at 80 billion USD. We believe that it will be possible to achieve this goal through new export policy, adoption and implementation of strategies, new initiatives of exporters."
In the event, 65 companies from 27 sectors were nominated for the award for their contribution in the export sector. Seventeen gold, 23 silver and 15 bronze trophies were handed over.
