Bangladesh has long been striving towards simplifying its regulatory procedures to ensure better integration into the global trading system. It is in this context that the Bangladesh Customs plays a crucial role in implementing pragmatic risk management procedures to maintain supply–chain security. Automation of customs procedures and enforcing the three–step selectivity process are part of the existing risk management framework. Such regulatory controls are, then, aimed at maximising trade facilitation through effective and efficient functioning of the compliance management framework which comprises of four critical elements: legislative base, client service, compliance assessment, and enforcement/recognition.
Global Trade and Customs Journal