Monday, October 21, 2019

Govt targets to reduce time of import, export

Economic Reporter :
The government has targeted to reduce the time of import to two days and export to one day by 2022.
Currently, it takes eight days for releasing import goods while export goods need five days through different customs ports.
The Project Director of NSW, Khondaker Mohammad Aminur Rahman, who is member (customs audit and international trade) of NBR, vowed this on Sunday at a visioning workshop. International Finance Corporation (IFC) organised the programme at a hotel in Habiganj.
The target is expected to be implemented under the National Single Window (NSW) project. Some 39 agencies, both public and private, would be interconnected with the integrated portal to deliver speedy services to the exporters and importers. The National Board of Revenue (NBR) is implementing the project with the support of Bangladesh Investment Climate Fund (BICF II). BICF II is implemented by IFC and funded by DFID. It is providing technical assistance for technical and functional specifications, visioning exercise, NSW memorandum of understanding and legal provisions.