Dhaka: The Foreign Investors’ Chamber of Commerce and Industry (FICCI) today hosted a consultation session titled ‘Competition Act 2012 and the Functions of the Bangladesh Competition Commission’ at its conference hall. The session was chaired by FICCI President Zaved Akhtar, with Bangladesh Competition Commission Chairperson AHM Ahsan as the chief guest.
According to Bangladesh Sangbad Sangstha, FICCI Board Member Sumitava Basu, senior Commission officials, and representatives from FICCI’s member companies were also present at the event. During the session, AHM Ahsan emphasized the significance of the law in promoting market fairness. He noted that the Competition Act is a key element for maintaining a healthy free-market economy, empowering the Commission to combat cartels and syndicates, protect consumer interests, and encourage investment. Effective enforcement of the law is expected to foster innovation, generate employment, and support sustainable economic growth.
In his address, FICCI President Zaved Akhtar reiterated the chamber’s dedication to fair business practices. He highlighted that FICCI represents nearly 200 leading companies from 35 countries across 21 sectors. Akhtar stressed the importance of a robust and effective law that safeguards both industry and consumers while ensuring that regulations do not inadvertently impede business growth.
The session, moderated by FICCI Executive Director TIM Nurul Kabir, included constructive contributions from officials of the Competition Commission and representatives of FICCI member companies. These participants shared insightful perspectives on the implementation and potential amendments of the law.