Bangladesh, Aug. 1 -- Experts have called for sweeping regulatory reforms to reduce administrative burdens on businesses, saying simplified rules and digitalised licensing systems are essential to encourage formalisation, improve the business climate and support the growth of micro, small and medium enterprises (MSMEs) in Bangladesh.

Advertisement The observations came at a stakeholders' consultation titled "Regulatory Streamlining for an Enabling Business Environment for Formalization", jointly organised by Business Initiative Leading Development (BUILD), the Ministry of Industries (MoI) and the International Labour Organization (ILO) at the ministry's conference room in Dhaka on Thursday.

The event brought together senior government ...