The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged all concerned to shun hartals, blockades, and any intolerant political programmes to maintain the country's economic stability.

The country's top trade body also today (November 01) expressed deep concern about the country's business, trade, and economic situation amid the current political violence.

A statement issued by FBCCI said the long-standing COVID-19 pandemic across the globe alongside the impacts of the Russia-Ukraine war have had a long-term negative impact on the global economy.

It has also affected the economy of Bangladesh. In addition to the damage to global supply chains, the dollar crisis, rising fuel prices and rising transportation costs have resulted in an abnormal increase in the cost of doing business.

The FBCCI said the drop in imports has already reduced production and hampered exports. "This has adversely affected the overall economic activity. Meanwhile, the newly added Gaza-Israel war situation has made the country's economic activities more fragile," he added.

In this situation, political unrest including hartals and blockades in the country are pushing the national economy towards an alarming situation.

The FBCCI said hartals and blockade programme called by various political parties is severely disrupting the supply chain which already has an impact on the market price of commodities and also on exports.

BDST: 1739 HRS, NOV 01, 2023
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