ADB Approves $1.78 Billion for SASEC Dhaka-Sylhet Corridor to Improve Transport and Regional Trade in Bangladesh
ADB has approved a $1.78 billion loan to improve regional trade along the Dhaka–Sylhet trade corridor in Bangladesh. The project, under the SASEC partnership, will support trade by helping connect Chattogram Port with India's northeastern states.
Bangladesh's National Board of Revenue Issues Rules to Expedite Release of Perishable Goods
Bangladesh’s National Board of Revenue has issued the 'Speedy disposal and Release of Perishable Goods Rules-2021.' The rules were drafted as per the condition of the WTO TFA to facilitate ease of doing business. It aims to allow the expeditious release of the perishable goods to maintain quality and quantity, and provide stability to Bangladesh’s supply chain.
E-Commerce Portal Makes “Made in Bhutan” Products Accessible Globally
The Royal Monetary Authority of the Government of Bhutan launched an e-commerce portal that promotes “Made in Bhutan” products and makes it accessible to the international market.
India Central Board of Indirect Taxes and Customs, Maldives Customs Service Ink Data Sharing Deal
India’s Central Board of Indirect Taxes and Customs signed a data sharing agreement with the Maldives Customs Service on 22 July 2021 that will enable automatic exchange of customs data between the two countries on a real time basis. This agreement aims to reduce the time for customs clearance and discourage misdeclaration of trade and/or smuggling.
Sri Lanka: National Port Master Plan Technical Assistance Rated Successful
The Asian Development Bank’s Independent Evaluation rated the Sri Lanka: National Port Master Plan technical assistance “successful” in their overall assessment. This policy and advisory technical assistance identified priority projects that would contribute to scaling up future ADB interventions.
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