Over the past 15 years, large businesses with ties to the former government allegedly manipulated commodity prices, gaining market control and pushing out smaller enterprises. At a Dhaka discussion, experts criticized price gouging, supply chain extortion, and the unfair benefits these firms received, such as gas connections for new factories. Despite tariff reductions on essentials like edible oil, sugar, and rice, prices remain high due to high exchange rates and freight costs. The government is implementing measures, including an Import Development Fund and monitoring mechanisms, to stabilize prices, particularly ahead of Ramadan. The Bangladesh Competition Commission has settled 52 out of 102 anti-competition cases, though most await High Court rulings. Additionally, Trading Corporation of Bangladesh (TCB) plans to expand subsidized product distribution. Experts stress the need for stronger market supervision and fair taxation to reduce economic disparities, as indirect taxes disproportionately impact lower-income groups.
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