BGMEA urges NBR to streamline business procedure

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA Faruque Hassan, has called upon the National Board of Revenue (NBR) on Thursday to extend cooperation and provide essential support to RMG industry to maintain competitiveness at global stage.

He said the dynamic landscape of the global market influenced by technological advancements and rapidly changing consumers demands, besides lead time and cost efficiency were vital factors for the competitiveness of export-oriented RMG industry.

He said complexities in current business procedures often lead to delays and additional costs, significantly impacting trade operations and competitiveness.

The BGMEA president made the call at a meeting with NBR chairman Abu Hena Md Rahmatul Muneem at NBR office in the city, said a press release.

Shafiul Islam Mohiuddin, former president of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) and BGMEA, and Md Munir Hossain, vice-president of FBCCI, were present at the meeting also attended by Md Masud Sadiq, member customs policy and ICT wing of NBR.

Faruque congratulated Muneem on his reappointment as chairman of NBR for two years. In the meeting, he also urged the NBR to streamline business procedures and expedite the delivery of services to the RMG industry.

Specifically, he emphasised the need for removing customs, VAT, Tax and bond-related issues hindering the growth of the apparel and textile sector.

The BGMEA president underscored the critical importance of the NBRs prompt and hassle-free services to the RMG industry.

He called for a proactive approach to overcome challenges and enhance the efficiency of trade operations. In response, the NBR chairman assured the BGMEA president of measures to address the issues raised in the meeting.