Wednesday, April 10, 2013

Govt to reactivate TCB: minister

Govt to reactivate TCB: minister
Staff Correspondent
The commerce minister, Faruq Khan, in the parliament on Tuesday said the government was planning to reorganise the Trading Corporation of Bangladesh in view of controlling essential goods prices.
   ‘The commerce ministry has formed a high-powered committee to look into the possibilities of making the corporation more effective,’ Faruq said in the house in reply to a question of Shahiduzzaman Sarker, the lawmaker for the Naogaon 2 constituency.
   In reply to a question of Abu Talha, the lawmaker for the Natore 1 constituency, he said the government would take tough stance against businessmen under the existing laws if specific allegations of syndication could be found against them.
   He said his ministry with the help of the corporation and the deputy commissioner in monitoring the market to control the prices of essential goods.
   In reply to another question of M Abdul Latif, the lawmaker for the Chittagong 10 constituency, Faruq said the government had plans to establish a trade centre of international standards and it would be built by 2011.
   Answering another question, he said Bangladesh had a trade imbalance of $1341.516 million with all but two SAARC countries in the 2008–09 financial year. The government is trying its best to bring down the trade imbalance.
   The current imbalance with Bhutan is $3.944 million, with Nepal $38.551 million, with the Maldives $16.826 million and with Pakistan $91.676 million. The country has the highest trade imbalance with India of about $1194.46 million.
   The government is organising trade fairs, taking initiatives to develop testing labratories and expanding the areas of bilateral trade treaty to reduce the trade gap.
   Bangladesh enjoys trade surplus with Sri Lanka and Afghanistan, he said.

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