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122 foreign, 192 local cos join trade fair

All barriers to export promotion to go: PM
Prime Minister Sheikh Ha-sina said an excellent environment exists now in Bangladesh for liberal and free trade under a dynamic regime, reports UNB.
"Healthy atmosphere /or investment and the package of incentives for investors in the industrial sector are there for every one to avail." she said inaugurating a month-long International trade fair in the city yesterday morning.
A total of 122 companies from 24 countries and 192 ones from Bangladesh are,- participating in the Dhaka 'International Trade Fair '97. the biggest trade show held annually in the country, at Sher-e-Bangla Nagar.
The countries takittg part in the exhibition are: the UK. Japan. Australia. Germany. Canada. Italy. China.- Iran, Republic of Korea. Democratic People’s Republic of Korea, Pakistan. India. Malaysia, Singapore, Hong Kong. Taiwan. Spain, Thailand, Turkey, the UAE, Denmark. Indonesia. Sri Lanka and Bhutan..
Hasina said the government's commitment for Tree market economy had increased direct capital investment as well as exports from the country.
The Prime Minister said her government was determined to remove all the retraining barriers to export promotion.
A dynamic industrial policy can revitalise domestic production base of the country, which she said is the conviction of her government.
The Prime Minister said a number of pragmatic steps had been taken to diversify exports, besides strengthening the Export Council.
She regretted that only a single meeting was held between 1993 and 1996 while the council was to meet twice a year.
But. this government. Hasina said, has already met once to resolve a number of important issues.
The 'Task Force' on export has also started meeting regularly and steps are underway to eliminate factors deterring export promotion.
Listing the measures taken for creating a business-friendly climate, the Prime Minister said the government had already taken steps for devolution of power for prompt decision and speedy implementation to promote export.
The Prime Minister said the Dhaka International Trade Fair which is an outcome of collective endeavour would streng-then commercial transactions and boost mutual cooperation among nations.
She hoped this fair would go a long way in the development of trade and commerce, particularly the export trade of Bangladesh.
"We are confident that this fair will help Bangladesh consolidate her position in the arena of International trade and create an opportunity for widening the horizon of the popularity and familiarity of our products." she said.
The function was also addressed by Commerce and Industries Minister Tofael Ahmed.
Later, the rime Minister went round the fair, where a large array of world's latest industrial output is on sale and display.