National Single Window by 2021 | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 16, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 16, 2025
National Single Window by 2021

Trade

Abbas Uddin Noyon
19 October, 2019, 08:40 pm
Last modified: 20 October, 2019, 11:53 am

Related News

  • Bangladesh, Vietnam stress trade deal and economic partnership
  • 1 June set for verdict on Jamaat-e-Islami's appeal to regain party registration
  • Jamaat’s registration: Appellate Division adjourns hearing till tomorrow
  • Tea exports jump by 58% in 2024
  • Mongla port corridor can boost Bangladesh-Nepal trade, says envoy

National Single Window by 2021

Import-export schedule will speed up fourfold

Abbas Uddin Noyon
19 October, 2019, 08:40 pm
Last modified: 20 October, 2019, 11:53 am
File Photo/ Pexels
File Photo/ Pexels

Even after trade registration, a food importer must secure further approval from a number of government agencies including the Bangladesh Food Safety Authority and the Ministry of Commerce, before any goods can be imported. 

The importer then has to jump through several hoops, visit multiple departments concerned and must open a letter of credit from a bank, before unloading a single crate of imported goods. 

Aside from the financial burden associated with all that running around, the whole approval process can take up to 20 working days. The export process also has a similar level of complexity.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

With the aim to further ease and speed up the process of export and import, the government has taken the initiative to launch the National Single Window project by 2021. A total of 39 ministries, government agencies and organizations will come together under the leadership of the National Board of Revenue.

The initiative will allow importers and exporters the ease of access to perform necessary tasks such as getting trade registrations, attaining export-import permits, opening letters of credit, securing permission to unload imported goods and paying taxes, everything under one roof.

A dedicated office will handle all these tasks, eliminating the need for traders to visit dozens of other offices.

"National Single Window - set to be implemented by 2021 - will save the companies a lot of money. The importer and exporters will also be able to speed up there schedule fourfold," said project director and revenue board member of customs modernization Dr Khandaker Aminur Rahman.

He added that the project will introduce an automated and integrated task processing system. 

"The business community will no longer have to run from one office to another, as a dedicated office will offer all related services," Dr Khandaker told The Business Standard.

Providing further details, he said, "A total of 39 ministries and government agencies will work together under the project, which began back in 2018. There is also an initiative to bring the business community under the initiative.

"The process is on to include ten more organizations under the project, including the PwC Bangladesh, the Federation of Bangladesh Chambers of Commerce & Industries and the Bangladesh Garment Manufacturers and Exporters Association."

Dr Khandaker revealed that the project still needs to adopt a legal framework and a meeting with all stakeholders has been scheduled next Sunday to discuss the matter.

"We are optimistic that a legal framework outline of the project will take shape in the meeting," he added.

The World Bank is supporting the National Board of Revenue with the National Single Window project, which has a budget of $74.1 million or Tk625 crore. 

Sources from the revenue board said the project will allow traders to use a dedicated online software to connect to different ministries and agencies, and help them complete all processes related to import and export in the shortest possible time. 

Dr Khandaker pointed out that the software will tremendously benefit the business community and prevent culprits from evading taxes by importing goods through false declaration. 

The United Nations Centre for Trade Facilitation and Electronic Business made the National Single Window software. 

The United Nations Economic Commission for Europe recommended the implementation of the system back in 2004. According to a World Bank report published in 2012 titled "Trading Across Borders," a total of 69 countries implemented the system as yet. 

Among The Association of Southeast Asian Nations (ASEAN) countries, Indonesia, Malaysia, Philippines, Brunei, Singapore and Thailand have adopted the system.

The business community is optimistic that the implementation of the National Single Window project will become a milestone for ease of doing business in Bangladesh.

"The project will boost cross border businesses and it should be implemented as soon as possible," said Shafiul Islam, former president of the Federation of Bangladesh Chambers of Commerce & Industries.

Bangladesh / Economy / Top News / NBR

Import / export / Trade / registration

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Rais Uddin, general secretary of the university's teachers' association, made the announcement while talking to the media last night (15 May). Photo: Videograb
    JnU teachers, students to go on mass hunger strike after Friday prayers
  • Banks struggle in their core business as net interest income falls
    Banks struggle in their core business as net interest income falls
  • Selim Jahan. TBS Sketch
    Ending the stalemate and thereafter: The IMF loans in Bangladesh

MOST VIEWED

  • Chief Adviser Muhammad Yunus speaking at Chittagong Port on 14 May 2025. Photo: CA Press Wing
    Ctg port must emerge as best with int'l standard facilities for economic growth: CA
  • Shahriar Alam Shammo. Photo: Collected
    3 arrested over JCD leader Shammo killing
  • Up to 20% dearness allowance for govt employees likely from July
    Up to 20% dearness allowance for govt employees likely from July
  • Chief Adviser Muhammad Yunus on a visit to Chattogram on 14 May 2025. Photo: TBS
    CA Yunus begins Chattogram tour with packed engagements
  • Infograph: TBS
    Govt plans to align official land price with market rates
  • Infographics: TBS
    $3.5b loan unlocked with shift to market-based exchange rate

Related News

  • Bangladesh, Vietnam stress trade deal and economic partnership
  • 1 June set for verdict on Jamaat-e-Islami's appeal to regain party registration
  • Jamaat’s registration: Appellate Division adjourns hearing till tomorrow
  • Tea exports jump by 58% in 2024
  • Mongla port corridor can boost Bangladesh-Nepal trade, says envoy

Features

Hatitjheel’s water has turned black and emits a foul odour, causing significant public distress. Photo: Syed Zakir Hossain

Blackened waters and foul stench: Why can't Rajuk control Hatirjheel pollution?

5h | Panorama
An old-fashioned telescope, also from an old ship, is displayed at a store at Chattogram’s Madam Bibir Hat area. PHOTO: TBS

NO SCRAP LEFT BEHIND: How Bhatiari’s ship graveyard still furnishes homes across Bangladesh

1d | Panorama
Sketch: TBS

‘National University is now focusing on technical and language education’

2d | Pursuit
Illustration: TBS

How to crack the code to get into multinational companies

2d | Pursuit

More Videos from TBS

Ben Cohen arrested for protesting US support for Israel

Ben Cohen arrested for protesting US support for Israel

2h | TBS News Updates
What is the secret behind the success of Pakistan's Chinese J-10C fighter jet?

What is the secret behind the success of Pakistan's Chinese J-10C fighter jet?

3h | Others
Why are Jagannath University students and teachers on a blockade?

Why are Jagannath University students and teachers on a blockade?

3h | Podcast
Is Real ID USA security or immigration confusion?

Is Real ID USA security or immigration confusion?

3h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net