Facilitating Trade through Simplification of Trade Processes and Procedures in Bangladesh
The push for simplification of trade processes and procedures in the context of trade facilitation is nothing new. For decades, countries around the globe have been adopting strategies and spending resources to minimize cumbersome trade processes and garner maximum benefits from bilateral, multilateral and regional trading agreements. As a member of the international trading system, and more as a least developed country (LDC), Bangladesh has been focusing on the issue of trade facilitation for several decades now. Various policies adopted in the context of trade liberalization and automation of customs procedures surely bear this out. However, the country still faces significant challenges in terms matching the standards set by its trading partners...