US trade show opens in capital
Friday, 29 February 2008

Staff Correspondent

The reforms being carried out by the interim government will have far-reaching impacts on the country's governance although common people may not understand their significance at the moment, said Mahbub Jamil, special assistant to the chief adviser, on Wednesday.

Jamil, who is in charge of industries, civil aviation and tourism and youth and sports, also said that major reforms such as separation of the judiciary would yield positive results in the long run.

'Common people do not understand the significance of the multiple reforms that we have initiated. They talk about price hike; and yes, that is also an issue in a country like ours. The reforms will have long-term impacts,' he told the opening ceremony of the US Trade Show at the Dhaka Sheraton Hotel.

A total of 61 institutions are showcasing various products and services in the three-day fair, the 17th of its kind in Bangladesh, co-sponsored by the American Chamber of Commerce in Bangladesh and the US embassy.

Jamil, a business leader who has recently been inducted into the interim government, expressed his conviction that the government's current drives against corruption would not be enough unless there was a social movement against corruption and corrupt elements. 'We need to make the corrupt socially unacceptable,' he said. He said that the interim government was pledge-bound to hold a free and fair election.

'Election, election and only a fair election is our agenda… and we will not stay in power even a day more [than the timeframe],' he added.

Addressing the function as special guest, the charge d' affaires of the US embassy in Dhaka, Geeta Pasi, expressed the hope that the caretaker government would implement the roadmap for holding the elections in due time.

She observed that the US companies had interests in Bangladesh's political developments, especially in improving the business and investment climate.

'Partnership of US and Bangladeshi companies in building this wonderful country is very vital,' she said adding that such trade show would help strengthen bilateral relations.

The American chamber president, Syed Ershad Ahmed, mentioned that Bangladesh could not grab the potential of foreign direct investment because of delay in making decisions and other problems despite having immense possibilities.

He noted with optimism that that the reforms being carried out by the present government would help improve the business climate in Bangladesh.

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