Customs authority in Bangladesh, which operates under the country’s National Board of Revenue (NBR), has decided to downsize the NSW trade clearance mechanism even as dozen entities may be dropped in trimming the jumbo National Single Window (NSW) mechanism by the revenue authorities.
Media reports maintained this adding the move has been undertaken to avert duplication with the Asycuda World (AW) system even as the stakeholders concerned feel the desired integrated action for quicker trade clearance may be affected by the move.
The reports further added the customs has sorted out lists of 12 organisations that are already connected with AW, including the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), and Export Promotion Bureau (EPB).
Meanwhile, underlining that AW and NSW are complementary to each other and not a contradictory system, the Founder and Chairman of Policy Exchange of Bangladesh, Dr. M Masrur Reaz on his part reportedly suggested the NBR should reconsider the move even as economists reportedly said this may affect the integrated action meant for quickening export-import time.
