Steel and iron industry leaders have urged the removal of tariff complications on the import of raw materials and capital equipment during a meeting of the FBCCI Standing Committee on Iron, Carbon Steel, Stainless Steel, and Re-rolling Industries. They called on the interim government, led by the chief adviser, to take necessary actions.Â
The FBCCI President, who joined the meeting virtually, emphasized the critical role of the iron and steel industry in the country’s economic development and highlighted the broader challenges posed by the current tariff process. He also pointed out the need to address the issue of inflated assessment values of imported goods at ports. The FBCCI Senior Vice-President suggested leveraging the chief adviser’s international reputation to enhance Bangladesh’s image globally. Business leaders also discussed the importance of maintaining stable bank interest rates, reducing turnover tax and VAT, and ensuring an uninterrupted supply of quality gas to all industries.Â
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