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Rules of anti-dumping duty, countervailing steps soon

Tariff Commission chief says

STAR BUSINESS REPORT
Bangladesh Tariff Commission (BTC) will soon finalise the rules of anti-dumping duty and countervailing measures.
"We are in the process of finalising the rules of anti-dumping and countervailing measures. We hope to do so within a few months as these will play very significant role in the WTO regime," said Professor M A Taslim, chairman of BTC, while presiding over a technical session on 'WTO -- The Beginning'.
The Institute of Cost and Management Accounts of Bangladesh (ICMAB) organised the continuing professional education (CPE)-2003 at its auditorium in Dhaka Thursday. Earlier,
Commerce Secretary Suhel Ahmed inaugurated the CPE as chief guest while Md Nurul Hassan, former president of ICMAB, made the keynote presentation.
In his speech, Suhel Ahmed mentioned least developed countries are not going to get benefits from open market regime if developed and developing nations do not take steps to relax the rules of origin for importing products from the poor nations.
Demanding withdrawal of restrictions on temporary movement of natural persons, he said if it is done it would help LDCs to enter the rich markets with their skilled manpower.
Prof Taslim said as LDCs con-
tribute only 0.4 per cent to the total global trade, poor nations are not going to improve the situation by not participating in the WTO.
Rather than concentrating on import-substitute industries, countries should focus on strengthening their ability to produce exportable items. "Every country has comparative advantage in producing some commodity which should be exploited," he felt.
In his presentation, Nurul Hassan said WTO has succeeded in lowering international trade barriers to a large extent.
Referring to imbalance between rich and poor nations, he added 30 to 40 of the total WTO members are
unable to afford a mission in Geneva, where the WTO is based and they cannot participate in many important events. "Many have only one representative, who cannot attend all meetings even if invited," Hassan said.
The second technical session of the CPE was 'Venture Capital Investment: Prospects & Problems in a Developing Economy'. BMM Mozaharul Huq, secretary of the Ministry of Disaster Management and Relief, chaired the session while Md Maksudur Rahman Sarkar, a fellow member of ICMAB, made presentation on the topic.
Md Abdur Rashid, president of ICMAB, and Md Abdul Aziz, chairman of seminar and conference committee, also spoke.