Bangladesh Trade Facilitation

Risk Management

Why


  • To reduce time and cost of agro and food products clearance at ports
  • To meet the obligation under WTO TFA Article 7.4
  • To make the goods inspection and sampling process data-driven & scientific
Goal


Reduce Average Release Time by 15%

Decrease Inspections at Port by 8%-10%

Milestone


  • 4 Risk Management Units established
  • 3 agencies in the process of permanent institutional setup
  • Pool of officials trained on RM tools and techniques
Best Practice

The inspection rate of Carrots, turnips, salad beetroot, salsify, celeriac, radishes, Ginger, saffron, turmeric, and other spices (not for planting) is 5% in the United Kingdom.


Partner


  • National Board of Revenue
  • Department of Agricultural Extension
  • Department of Livestock Services
  • Department of Fisheries
  • Bangladesh Standards and Testing Institution
Resource

What BTF is doing


Article 7.4 of WTO Trade Facilitation Agreement (TFA) mandates the countries to base their physical inspection, sampling and testing in import and export function on risk-based measures rather than controlling 100 percent of the consignments. As part of the obligation, BTF is working with the agro-trade and food regulatory agencies to develop a holistic capacity in implementing Risk-based compliance management in cross-border trade. The objective is to ensure the facilitation and expedited release of low-risk consignments and enforce stringent regulations for high-risk ones to achieve time and cost efficiency and address the sensitivity of SPS issues.


BTF is providing holistic support to the agencies in introducing the RM  system for faster clearance. The system is expected to work with the Customs Risk Management function.


Activities include:

  • Incorporation of a legislative foundation for introducing cross-border trade risk management
  • Development of risk indicators, criteria, and profiles for plant, animal, fish, and food products
  • Establishment of institutional structure for managing Risk Management operation
  • Development of a dedicated IT system for Risk Management operation
  • Training of officials to introduce and implement Risk Management System