South Asia’s first trade portal ‘Bangladesh Trade Portal’ launched
14 March 2016, Nirapad News: The first of its kind in South Asia, ‘Bangladesh Trade Portal’ has been launched on March 13 to serve the business community with a one-stop point of information relating to export from and import into Bangladesh.
Commerce minister Tofail Ahmed inaugurated this bilingual portal www.bangladeshtradeportal.gov.bd at Sonargaon Pan Pacific hotel in city this afternoon.
Commerce ministry senior secretary Hedayetullah Al Mamun, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Matlub Ahmad and Trade and Competitiveness Global Practice program manager Mashrur Riaz, among others, were present at the ceremony.
Commerce minister Tofail Ahmed said, ‘Bangladesh Trade Portal is an evidence of digitalization in Bangladesh.’
According to the ministry, this portal is the first of its kind in South Asia. The ministry invites the business community, research institutions, community and the public at large to log on to Bangladesh Trade Portal and make the best use of it.
The portal will improve with time as it continues to get regularly updated to deliver a better service to the users.
Hosted by commerce ministry with support from the Trade and Competitiveness Global Practice, World Bank Group, the portal provides an accessible, logical, helpful window for traders to access important regulatory and procedural information needed to export and import.
Bangladesh Trade Portal is an important step for the government toward improving the predictability and transparency of the country’s trading laws and processes, the organizers said.
This is in line with the government’s commitment to facilitate information sharing, the 7th Five Year Plan which focuses on accelerating economic growth, as well as compliance with Article 1 of the Trade Facilitation Agreement with the World Trade Organization.
The portal stores information relating to existing trade regulations and procedures, including but not limited to laws, administrative procedures, guidance notes, applicable fees, forms, licenses, permits and penalties applicable in case of breach.
In addition, the portal catalogues international, regional and bi-lateral trade agreements to which Bangladesh is a party, including the applicable rules and requirements as well as the benefits devolving there from.
The portal also offers selection of websites of international organizations or institutions that can bring further support to overseas expansion; and enables exporters to undertake trade potential analysis, desk research and market surveys.
Bangladesh Trade Portal seeks to encourage overseas investors that are interested to trade with Bangladesh and provide them with market and regulatory information to help them export to and import from Bangladesh.