Businesses in Bangladesh have to stand by 11 days and 6 hours to get their freight released after landing in seaports in the country.
According to the Time Release Study (TRS) 2022 — TRS is a method endorsed by the World Customs Organisation to measure the time taken by the authorities to release import or export cargoes and is recognised as a means of identifying bottlenecks and improving performance in the export or import process — of Bangladesh’s National Board of Revenue (NBR).
As per the findings from the study released recently at an event held in Dhaka, land ports in comparison take 10 days and 8 hours to release goods while seven days and 11 hours to clear their cargoes from airports.
Seven days and 11 hours-the time taken to get cargoes from airports is the lowest time taken by the international entry points.
Chittagong is Bangladesh’s principal seaport and is responsible for handling lion’s share of imports and exports.