DHAKA, Feb. 19 (Xinhua) -- The Bangladeshi interim government is all set to launch the Authorized Economic Operator (AEO) system, initiated by the World Customs Organization, to streamline import and export processes by providing a seamless clearance facility.

Under the system, which will be launched Sunday, the AEO-certified businesses will be able to directly transport cargo from ports to their factories or warehouses through a green channel without undergoing physical inspections, United News of Bangladesh (UNB) reported Wednesday.

During a recent event on World Customs Day, Bangladesh's National Board of Revenue (NBR) Chairman Abdur Rahman Khan stated that once the system is introduced, compliant taxpayers will no longer face interventions from customs authorities.

"The imported goods will be directly delivered to their premises from vessels under the self-assessment system," he said.

He also mentioned that tax payments will be made through bank-to-bank fund transfers.

The AEO system also provides international benefits if reciprocal agreements are in place with other countries, allowing certified businesses to enjoy similar privileges abroad.

Introduced by the World Customs Organization in 2007, the AEO system aims to enhance global supply chains and expedite trade. Enditem

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