BIDA moves to ease investment, export procedures

The Bangladesh Investment Development Authority (BIDA) has taken several steps to simplify investment and export procedures, including launching a centralised one-stop service and integrating export-related services into its digital platform.

The measures are part of the government’s efforts to improve the business climate, attract investment and make trade-related services faster and easier for businesses.

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BIDA’s One-Stop Service allows businesses to access a range of government services through a single platform. This reduces the need for entrepreneurs to visit different government offices separately, saving them time and money, according to a press release issued yesterday.

The authority has also integrated the Export Promotion Bureau’s Export Management and Electronic System (EMES) with its BanglaBiz Central Platform. The move is expected to streamline export-related services and further digitise export procedures.

Meanwhile, Bangladesh and South Korea officially signed a landmark Comprehensive Economic Partnership Agreement (CEPA) on August 4, under the government’s 180-day programme, according to the statement.

Under the signed agreement, Bangladesh receives preferential duty-free access on 8,428 products (nearly 97 percent) in the South Korean market, while South Korea receives similar access for 1,054 products in the Bangladeshi market.

In another development, the World Bank has approved $450 million in financing for banking sector reforms under the Financial Sector Support Project-II. Of the total, $351 million is planned for the Deposit Insurance Fund.

BIDA's policy recommendations have also been reflected in the national budget for fiscal 2026-27. Of its 17 sector-specific and policy recommendations, 14 have been fully or partially reflected in the budget.

The government has also accepted 12 of BIDA’s 19 recommendations on deregulation, aimed at making it easier to do business.

Overall, the measures are aimed at reducing procedural hurdles for investors and exporters and expanding their access to digital government services.