Mahmood cited foreign investors as often saying that they are delighted when a government says “yes” and they can move forward with investment plans. “If local investors are discouraged by regulatory uncertainty, foreign investors will be even more so. All foreign investors face challenges, which can be dynamic as the local laws are from the British period, the tax code is complex, among many others, but the way of expediting it is what matters, he added. Asked about the potential impact on confidence of foreign investors, Bangladesh Investment Development Authority (BIDA) Executive Chairman Md Sirazul Islam said both foreign and local businesses have to abide by the law of the land. “But if any foreign investment faces legal issues which do not proceed as per the legal framework, they will obviously be discouraged,” he added.

Source: Dhaka Tribune September 08, 2021 14:34 UTC