Bangladesh has formed a 22-member National Task Force on Deregulation and Ease of Doing Business to simplify the business and investment environment. Chaired by the finance and planning minister, the body was established through a Cabinet Division notification issued on August 9. The government says the initiative aims to identify and reform unnecessary rules, approvals and administrative complexities affecting businesses and investors.
The task force will approve sector-based reform road maps and review implementation progress. It will identify excessive licences, approvals, clearances and administrative steps in areas including taxes, duties, banking, capital markets, construction, environmental services and local services, and direct measures to reduce them. It will also provide policy guidance on introducing a single window, service level agreements, deemed or automatic approvals and online tracking systems.
The panel includes ministers, advisers, the Bangladesh Bank governor, the executive chairman of BIDA and senior officials from relevant ministries and agencies. Presidents of major business bodies, including FBCCI, FICCI, DCCI, MCCI, BGMEA and BKMEA, are also members. A dedicated website is planned through the Invest Bangladesh Authority to monitor complaints, irregularities and service delays. The task force will review reform progress every three months.
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