Commerce ministry to ink Mou with 39 govt bodies for trade portal update

DHAKA, Commerce Ministry on August 8 would sign a memorandum of understanding (MoU) with 39 government bodies involved in offering trade related services.

The ministry has taken the move to update the trade portal round the clock so anyone could know the update immediately along with other information.

Talking to BSS, Md Hafizur Rahman Khan, director of the WTO Cell of Commerce Ministry, today said they have taken the move to update the portal to ease trade.

We want to ensure that businessmen and others can get the last update from the trade portal immediately, he added.

Hafizur also revealed they would assign a focal point officer for the trade portal who would ensure the update by communicating with related government bodies.

Bangladesh has launched the online trade portal, the first of its kind in South Asia, on March 14, 2016 to serve the business community with onestop point of information for exportimport.

The portal would provide an accessible, logical, helpful window for traders to access important regulatory and procedural information needed to export and import.

It stores information relating to existing trader regulations and procedures, administrative procedures, guidance notes, applicable fees, forms, licenses, permits and penalties applicable in case of breach.

The portal showcases wide variety of contents such as overview of Bangladesh economy, business start up process, import and export guide, custom's terminology, as well as information special economic areas, export processing zones, crossborder trade and GSP automation.

Source: Bangladesh Sangbad Sangstha (BSS)