Introduce ATA Carnet System to boost export: Mosharraf | 2019-03-20 |

Introduce ATA Carnet System to boost export: Mosharraf

Staff Correspondent

20 March, 2019 12:00 AM printer

National Board of Revenue (NBR) Chairman M Mosharraf Hossain Bhuiyan on Tuesday said it is very important for Bangladesh to sign the Istanbul Convention on ATA Carnet with a view to facilitating international trade.

“To make best utilization of those forums, agreements and treaties, it is very important for Bangladesh to introduce ATA Carnet System. This system will open a new door for the international buyers and traders to import temporarily samples for exhibitions, trade fair and many other purposes in an easy and a trade friendly way without paying duties and taxes,” he said.

The NBR chairman was speaking as the chief guest at a day-long Workshop on ATA Carnet System, organized jointly by International Chamber of Commerce-Bangladesh (ICCB) and NBR at a city hotel, said a press release.

Mosharraf Hossain mentioned that Bangladesh is an active partner of various regional forums like Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Bangladesh, Bhutan, India, Nepal (BBIN) and South Asia Subregional Economic Cooperation (SASEC).

There are numbers of agreements and treaties where Bangladesh is a signatory like SAARC Preferential Trading Arrangement (SAPTA), Asia-Pacific Trade Agreement (APTA), River protocol with India and Bhutan, Transit Agreement with India, Nepal and Bhutan, he added.

He suggested ICC Bangladesh to keep close contact with NBR for pursuing govt. to sign the latest Istanbul Convention on ATA Carnet.

ICC Bangladesh President Mahbubur Rahman delivered welcome speech at the workshop while adviser to the former caretaker government and former NBR chairman Abdul Muyeed Chowdhury and Dhaka Chamber of Commerce and Industry (DCCI) President Osama Taseer, among others, were present.

Mahbubur Rahman said it is utmost important for Bangladesh to introduce ATA Carnet System for improving ease of doing business ranking.

“Bangladesh economy has kept up an impressive annual average growth rate of more than decade and in fiscal 2017-18, Bangladesh’s GDP growth rate was 7.86. Trade volume is also increasing at mentionable rate,” he added.