Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
National Board of Revenue(NBR) has appointed PwC to conceptualise, design, develop the technological, governance and operational framework for the roll out of National Single Window in Bangladesh.
As a part of the project, PwC will also support financial and technical requirements and implement its development which will revolutionise trade in the country.
The World Bank-funded project aims to transform international trading operations by adopting a user-friendly system that streamlines and automates procedures for all international trade related permits, licenses, custom declarations.
Once implemented, traders can submit all their trade related documents on a single digital platform, instead of relying on various government agencies thereby cutting down on paperwork and facilitating trade.
Md. Mosharraf Hossain Bhuiyan, Chairman of NBR said "The National Single Window for trade will benefit Bangladeshi traders significantly by reducing time and cost of trading in the fifth year of operation. The average processing time for imports and exports is expected to be reduced substantially. In this regard, all agencies to work together towards a common goal of customs modernisation and trade facilitation, be compliant and cut down costs."
Mamun Rashid, Managing Partner, PwC Bangladesh said, “We’re proud to partner National Board of Revenue as they set out to transform the trading industry. The National Single Window will definitely be a win-win for both Government and the business fraternity as it will boost ease of doing business in the country and enable Bangladeshi traders to compete with global trading giants.”
Amulya Patnaik, Partner- Government & Public Sector, PwC said "The Bangladesh National Single Window would act like a catalyst to streamline international trade procedures, minimising the time, effort, and resources needed to conduct trade, while maintaining all requisite government controls. This will go a long way in transforming Bangladesh’s economy and make it future ready."
-rmc//