Economists stress non-political, dynamic leadership at FBCCI

Economists and business leaders have underscored the need for dynamic and honest leadership at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) to help the private sector face the challenges of the global trade war and the post-LDC transition.

Speaking at a seminar titled “Bangladesh’s Actions in the Context of Trade War and the Role of FBCCI” organised by the Bangladesh Business Forum (BBF) in Dhaka on Monday, they said the apex trade body must be free from political influence to revive industries, reform policies, and attract investment. The BBF was formally launched at the event.

Former caretaker government adviser Hossain Zillur Rahman said the FBCCI has largely functioned as a political platform over the past 15 years, which has hindered its effectiveness.

“Unemployment has now turned into a famine in the country. Poverty has also increased. Bangladesh needs economic dynamism and quick decisions to move the economy forward,” he said.

He stressed the need to identify new “growth drivers” to sustain economic momentum amid political changes and recommended that harassment in business activities be treated as a “state malady,” similar to corruption.

Dr Masrur Reaz, chairman of Policy Exchange Bangladesh, called for new thinking on populism, digital diplomacy, and climate diplomacy to expand trade and attract investment.

He noted that the global trade war has created opportunities for Bangladesh, as American imports shift away from China.

“Bangladesh, as a non-aligned and non-political country, can become a promising destination. But to capitalise on such opportunities, competitiveness, trade facilitation, product diversification, and governance must improve,” he said.

Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) president Mohammad Hatem also called for a non-political FBCCI for the sake of private sector development.

“We want leadership at FBCCI that can resolve our problems, including issues related to customs, VAT, and taxes,” he said.

Abdul Haque announces candidacy

At the same event, Abdul Haque, president of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA), announced his candidacy for the FBCCI presidency for the 2025-27 term.

He unveiled a 10-point manifesto, pledging to revitalise the federation with skilled professionals, diversify exports beyond garments, and strengthen SME participation.

Haque also promised to build FBCCI’s research capacity, create special funds for small businesses, and push digital transformation with e-governance, online member services, and blockchain-based trade facilitation.

“We must rebuild the FBCCI as a platform for unity in business, not politics,” he said.