Industry

Parliament passes bill allowing foreign companies to form joint trade bodies

Parliament on Tuesday passed the Trade Organisation Bill, 2022 was allowing foreign traders to form joint-trade bodies in Bangladesh.

Commerce Minister Tipu Munshi moved the bill and it was passed by voice vote.

This will replace the Trade Organisations Ordinance, 1961.

The legislation stated that some legal bases have been laid down for the women entrepreneurs in trade organisations through licensing.

A provision has been made for a joint chamber of commerce and industry (between countries) and a chamber of commerce and industry alliance.

The foreign traders will be able to form a joint chamber.

Source: United News of Bangladesh