The interim government is making efforts to stabilise the market ahead of Ramadan, though there is no magic wand to achieve immediate control, stated Commerce Adviser Sheikh Bashiruddin.
"Government is committed to maintaining market equilibrium during the holy month," he said while speaking to reporters at the secretariat after a meeting with Turkish Trade Minister Dr Ömer Bolat on Thursday (9 January).
The adviser highlighted Turkey’s interest in investing in various sectors of Bangladesh, including infrastructure, health, and energy.
Notably, Turkey has shown enthusiasm for investing in renewable energy and trade-based military sectors.
He further mentioned that a joint economic commission would be established in the future to facilitate discussions and decisions on mutual interests between the two nations.
Addressing concerns about the rice market, Sheikh Bashiruddin acknowledged some apprehensions but assured that there is no shortage of rice stock.
To encourage imports, import duties have been reduced from 63% to 3%.
Additionally, he noted that the rice market is expected to stabilise with the harvesting of Boro paddy in April.
