Export, import licence registration goes online
The commerce ministry yesterday launched an online platform where exporters and importers can both register and renew their licences, a development aimed at hastening the process and curbing corruption.
Commerce Minister Tipu Munshi inaugurated a seven-day fair at a convention hall in the capital’s National Sports Council Tower facilitating fast and hassle-free renewals, says a statement from the ministry.
Munshi said Bangladesh has signed a World Trade Organisation agreement on going paperless to ease business processes and to reduce procedural costs of supply chains.
In the current global trade scenario, there is no alternative to paperless trade as almost all countries have adopted technology-based trading systems, he said.
Progressing a lot digitally, Bangladesh has been seeking foreign direct investment and if it cannot show improvements in technology adaptation, foreign investors will not feel encouraged to invest here, the minister said.
Moreover, the government wants to serve businesspeople through digital platforms so that they do not face any kind of hassle, Munshi said. Md Mofizul Islam, senior secretary to the ministry, also spoke.