ZCZC
BSS-51
NBR-NSW-DEALS
NBR inks deals with 38 ministries, agencies for nat’l single window
DHAKA, Aug 7, 2018 (BSS) – The National Board of Revenue (NBR) today
signed Memorandum of Understandings (MoUs) with 38 ministries and agencies
for the National Single Window (NSW), a virtual platform to do business from
home.
Finance Minister AMA Muhith attended at the agreement signing ceremony
as the chief guest while Commerce Minister Tofail Ahmed and President of
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) M Shafiul
Islam Mohiuddin were present as special guests.
NBR Chairman M Mosharraf Hossain Bhuiyan presided over the function
jointly arranged by NBR and the World Bank Group.
Muhith said NBR is establishing the NSW to facilitate businesses for
completing all procedures related to import and export through online using
the platform.
“For trade and investment, support from NBR and concerned agencies is
crucial. The agreements will help facilitate better communication between
different ministries and agencies and help improve the path of progress,” he
added.
Tofail said Bangladesh is moving forward achieving Vision-2021 and the
Sustainable Development Goals (SDGs) under the leadership of Prime Minister
Sheikh Hasina.
He said the government has taken the initiative to make the trade and
commerce easier through bringing all the trade related activities under a
single window.
The NSW will deliver a user-friendly electronic system that streamlines
and automates procedures for registered private sector stakeholders and the
government agencies for international trade related permits, licenses,
certificates and custom declaration.
To improve its international trading performance, Bangladesh has
committed to develop and operate a National Single Window with support from
the World Bank Group under Bangladesh Regional Connectivity Project-1 with
Customs Modernisation and NSW Implementation component amounting to US$ 74.1
million.
The NSW for trade will benefit 319,000 Bangladeshi traders by reducing
time and cost of trade in the fifth year of operation.
The average processing time for import is expected to be reduced to 122
hours while average processing time for export to 88 hours.
BSS/ASG/KUC/MRI/2237 hrs