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Trading Across Borders: Initiatives Agreed

To improve the current score of Trading Across Borders from 31.76 to the expected score of 84.33, the total cost and time for Trading Across Borders need to be reduced. Initiatives have already been taken for reducing time and number of processes associated to administrative requirements of border compliance from 168 hours to 36 hours for Export and 216 hours to 72 hours for Import. Also initiatives for reducing time and number of processes associated to administrative requirements of documentary compliance from 147 hours to 2 hours for export and 144 hours to 24 hours for import have also been taken. Other initiatives include, amending Customs Act and import-export policy order 2015-18 for reducing cost of border compliance for export from USD 408 to USD 200 and for import USD 900 to USD 180-210 and also reducing cost of documentary compliance for export from USD 225 to USD 100 and for import from USD 370 to USD 50.

The following are proposed recommendations for the improvement of “Trading Across Borders” indicator in Bangladesh:

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Reduce time for border compliance for export and import: MoC, NBR, CCI&E and Bangladesh Bank have been recommended to reduce time and number of processes associated to administrative requirements of border compliance. The line agencies have agreed to reduce time and number of processes associated to administrative requirements of border compliance from 168 hours to 36 hours for export and 216 hours to 72 hours for import.

Reduce time associated to administrative requirements of documentary compliance for export and import: MoC, NBR, CCI&E and Bangladesh Bank have been recommended to reduce time and number of processes associated to administrative requirements of documentary compliance and send Export form via online until EXP form can be replaced by BIN. The line agencies have agreed Reduce time and number of processes associated to administrative requirements of documentary compliance from 147 hours to 2 hours for export and 144 hours to 24 hours for import and also have also agreed and implement to deliver Export form via online until EXP form can be replaced by BIN.

Reduce number of documents required for documentary compliance required for bill of entry/export: NBR has been recommended to amend their SRO no. 12/2001/duty and issue SRO notification for reducing the number of documents to be submitted with custom declaration during export and imports.

Reduce time and number of processes associated to administrative requirements of documentary and border compliance for import and specifically eliminating pre-requirement of having a membership with a professional association to obtain IRC/ERC: MoC has been advised to amend Import Policy Order to reduce administrative requirement for documentary and border compliance. The amendment of Import policy order will reduce number of documents to be submitted from 10 to seven during import.
Implement 24 hours e-payment mechanism: Port authority and NBR has been advised to introduce e-payment mechanism for 24 hours payment facility. E-payment system integrating for all banks has already been introduced.

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