Economic Reporter :
National Board of Revenue (NBR) and International Finance Corporation (IFC) of the World Bank Group will sign a Memorandum of Understanding (MoU) tomorrow to set up the National Single Window (NSW), a virtual platform for business to do business from home.Finance Minister AMA Muhith will be present at the MoU signing ceremony as the chief guest while Commerce Minister Tofail Ahmed, Planning Minister AHM Mustafa Kamal, State Minister for Finance and Planning MA Mannan and President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) M Shafiul Islam Mohiuddin will be present as special guests. NBR Chairman M Mosharraf Hossain Bhuiyan will preside over the function.
NBR member (Customs, Audit, Modernization and International
Trade) Khondaker Muhammad Aminur Rahman said the NSW system will enhance the trade operations by eliminating paper work and reducing time through maintaining up-to-date information.
Through the NSW, the parties involved in trade will lodge standardized information and documents with a single entry point to fulfill all import, export, and transit-related regulatory requirements, he added. He said the virtual platform technology simplifies trade, saves time and money and increases efficiency by submitting export, import documentation and transit-related regulatory requirements through one electronic portal.
National Board of Revenue (NBR) and International Finance Corporation (IFC) of the World Bank Group will sign a Memorandum of Understanding (MoU) tomorrow to set up the National Single Window (NSW), a virtual platform for business to do business from home.Finance Minister AMA Muhith will be present at the MoU signing ceremony as the chief guest while Commerce Minister Tofail Ahmed, Planning Minister AHM Mustafa Kamal, State Minister for Finance and Planning MA Mannan and President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) M Shafiul Islam Mohiuddin will be present as special guests. NBR Chairman M Mosharraf Hossain Bhuiyan will preside over the function.
NBR member (Customs, Audit, Modernization and International
Trade) Khondaker Muhammad Aminur Rahman said the NSW system will enhance the trade operations by eliminating paper work and reducing time through maintaining up-to-date information.
Through the NSW, the parties involved in trade will lodge standardized information and documents with a single entry point to fulfill all import, export, and transit-related regulatory requirements, he added. He said the virtual platform technology simplifies trade, saves time and money and increases efficiency by submitting export, import documentation and transit-related regulatory requirements through one electronic portal.
