The World Bank, which supports the Ministry of Commerce’s initiative, says this is a first-of-its-kind portal in South Asia.
Commerce Minister Tofail Ahmed launched the portal,www.bangladeshtradeportal.gov.bd, on Sunday at a Dhaka hotel, and said this would open “a new horizon” to doing business in Bangladesh.
“Through this, Bangladesh will remain connected with the rest of the world,” he said.
The portal stores information related to existing trade regulations and procedures including laws, administrative procedures and guidance notes, both in Bangla and English.
Information of all relevant government ministries, agencies, private sectors, port authorities, standards institutions and customs will also be made available in the portal.
Officials of the Irish PM Group, which helped in developing the portal, said this would help increase the speed of doing business and reduce the cost as well as bureaucratic processes.