German companies want Bangladesh Economic Zones Authority (Beza) to provide them a special Economic Zone.
They made the suggestion on Saturday, in a business event organised by Bangladesh-German Chamber of Commerce and Industry (BGCCI).
According to a press release issue by BGCCI, leading German companies including ABB, TÜV SÜD, Schenker, Rosenberger, Pulcra Chemical, TÜV Rheinland, Brenntag, Fugro & Wilo participated in the event.
Among Bangladeshi companies Sanofi Bangladesh, BECC, Jamuna Bank, Green Delta Capital, Shanta Group, Auko Tex, Homebound, Austan & Leisure Bangladesh also joined the program.
Addressing the event, BGCCI president Omar Sadat discussed the impact of pandemic on business.
He informed the participants of five strategies to mitigate business risks during the ongoing Covid-19 pandemic.
The strategies are, namely— readiness assessments, risk management plan, business impact analysis, policy management and incident management.
Meanwhile, BGCCI's General Counsel Ms. Ivonne Stein discussed BGCCI's role in improving the business environment.
During the event, a large number of German companies raised their concerns about problems faced in customs, tax, and banking related issues. There were also suggestions to request Bangladesh Economic Zones Authority (Beza) to provide a special Economic Zone for German and EU companies.
The event was chaired by Shahed Akhtar, executive advisor and CEO of BGCCI and former ambassador to Spain, Thailand, and Cambodia.
Citing a recent Asian Development Bank report, he said Bangladesh is managing the Covid-19 situation and experiencing economic recovery & growth.
The former ambassador urged Bangladeshi companies to set up offices in Germany to increase trade between the two countries.