BSS-51 Competition act to help raising GDP: BCC Chairperson





Competition act to help raising GDP: BCC Chairperson

DHAKA, Sept 15, 2019 (BSS) – Bangladesh Competition Commission (BCC)
Chairperson Abdur Rouf today said presence and implementation of the
competition act would help the country to raise the Gross Domestic Product
(GDP) by at least 2 percent annually.

“The economy would be expanded by 2-3 percent if we ensure the competition
at every sector,” he said while addressing a seminar on competition in the
market at Economic Reporters’ Forum (ERF) office, said a press release.

Rouf said the countries which introduced such commission have raised their
economies by 2-3 percent.

He, however, said the BCC is yet to start function on full swing due to
lack of adequate rules and regulations.

The government enacted the Competition Act in 2012 and formed Commission in

The BCC so far conducted two cases against business entities for violating
competitive norms in the market.

Rouf said although the two cases are small success stories, but it is
similar to pilot any project.

Commerce Secretary Shafiqul Islam and economist Dr Abdur Razzak also spoke
while ERF General Secretary SM Rashidul Islam moderated the seminar.

BSS/PR/MAK/RY/20:30 hrs