The Role of Time Release Study (TRS) and the Bangladesh Trade Facilitation Initiative
TRS stands for Time Release Study, a tool that measures the time it takes for goods to be released after they arrive. In Bangladesh, the TRS is used to measure how long it takes to release goods at the port. 2022, Bangladesh held a national pilot TRS to improve the country's ability to conduct periodic TRSs. The pilot TRS included hands-on exercises, discussions, and mock sessions to validate and interpret data. Bangladesh has already implemented couple of steps to automate and AI driven clearance mechanism at different port to impart an effective boost to the international and inland trade. BTF initiative aims to train customs and other trade stakeholders in Bangladesh. The goal of BTF is to reduce the time it takes to release goods and make trade facilitation more efficient.