Cross-Border Digital Commerce Policy Awaits Final Approval
The much-anticipated Cross-Border Digital Commerce Policy 2024, aimed at simplifying the import and export of goods between Bangladesh and other countries through digital platforms, is currently at a standstill. Although the policy promises to align Bangladesh's digital commerce framework with global standards, its progress remains stalled as it awaits the approval of the Commerce Advisor. Once approved by the advisor, the draft will be sent to the Cabinet Division for final endorsement.A review of the draft reveals several progressive initiatives, including provisions to integrate internationally accepted payment systems with the country's existing financial infrastructure to facilitate cross-border payments. A cross-border escrow service will be introduced in coordination with the Ba...
