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For price stabilisation

December 30, 2009 00:00:00


THE government should, without wasting time, reactivate the Trading Corporation of Bangladesh (TCB). With TCB in the market, it would be possible to help stabilise the prices. It can provide some comfort to consumers. The TCB was wound up to facilitate market economy, which does not allow government to be involved in business. But it turned out to be an incorrect decision.
The market economies have not all discarded state trading. State agencies are needed to help create market competition with intervention, when needed. These economies can then keep undue profiteering in check. It would, therefore, be nothing wrong for Bangladesh to revive its state trading agency. With TCB importing essentials, it would be easy to break the monopolies tormenting consumers.
Shajib Chowdhury
Naya Paltan, Dhaka

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