FROM PAGE B1

He pointed out that foreign direct investment (FDI) in the food processing sector reached $379 million in fiscal year 2024-25, largely driven by Dutch investors. But Bangladesh’s impending graduation from the Least Developed Country category brings both opportunities and pressure.

“Export subsidies and cash incentives may need to be phased out under World Trade Organization rules post-graduation. Support must now focus on productivity, certification, and research and development,” said Moazzem.

Currently, he noted that only 12 percent of agro-processing firms meet international safety certification standards, posing a major barrier to premium markets such as the European Union and North America.

He stressed the need for a one-stop digital investment portal, improved labour governance, and green technology adoption to maintain competitiveness.

The economist also emphasised shifting from cash-based incentives to more sustainable support measures such as low-cost finance, technology upgrades, and sustainability-linked subsidies.

Also speaking at the event, Kamruzzaman Kamal, marketing director of Pran-RFL Group, said his company has long contributed to agricultural development by sourcing most of its raw materials locally and exporting products to 148 countries.

“The quality of Bangladesh’s agro-processed products has now reached international standards,” he said, adding that efficient solutions to challenges in raw material collection, processing, and marketing are key to advancing the industry.

Reaz Ahmad, editor of the Dhaka Tribune, highlighted the role of the media in promoting the sector.

“The media doesn’t just report; it shapes perceptions and policies. Sharing success stories of farmers, innovations, and export potential will help advance the agro-processing sector and, by extension, the national economy,” he said.