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Businesses not equipped to analyse trade laws

Regulatory Reforms Commission chief says

UNB, Dhaka
The business community is unaware that existing business laws require amendments to bene-fitthem.
This was viewed by Regulatory Reforms Commission (RRC) Chairman Dr Akbar Ali Khan yesterday as he explained the reasons for poor response from the private sector to make reforms in the existing business laws and regulations.
"Those who are involved in business don't know business laws and regulations properly, and there is lackof research among the chambers in this regard," Dr Khan told reporters after a meeting of RRC at his office in Dhaka.
He said the meeting passed certain recommendations for the government to improve the busi-
ness laws and regulations.
The government should reduce the timeframe for giving clearance certificates from the environment offices. Specified time for venue clearance for setting up industries under red' category should be 30 . days in place of 60 days.
The 'red' category industries include tannery, chemical colour, power generation, cement, sugar and costic soda.
Clearance certificate for industries under Orange Ka' category' should be issued within 15 days instead of 30 days, and those under 'Orange Kha’ in 15 days instead of 60 days.
'Orange Ka' includes dairy and poultry’ firms, while PVC pipe industry falls under 'Orange Kha’.
For environmental clearance certificate, the RRC recommended
a reduction from 90 days down to 45 days for the 'red category’, from 15 days down to 7 days for the Orange Ka category', from 30 days down to 15 days for 'Orange Kha category’, and from 15 days down io 3 . days, for 'Green', category industries.
Radio, TV and toys manufacturing industries are included in the 'Green' category.
There are 69 types of industries, under red' 'Orange Kha' category, 26 industries under 'Orange Ka" and 22 industries under 'Green' category.
The RRC also made a recommendation to look into the justification of two types of clearance certificates.
"We suggest to reduce the number of red' category industries to improve investment number," Dr Akbar Ali Khan said.