This was mentioned in a new World Bank report titled “Moving Forward: Connectivity and Logistics to Sustain Bangladesh's Success” launched in a Dhaka hotel on Wednesday. “Bangladesh’s congested transportation and often unsophisticated logistics systems impose high costs to the economy,” Mercy Tembon, World Bank country director for Bangladesh and Bhutan said at the report launching. The report argues that efficient logistics has become one of the main drivers for global trade competitiveness and export growth and diversification. It notes that improving Bangladesh’s logistics requires a system-wide approach based on greater coordination among all public institutions involved in logistics and with the private sector, increasing the effective capacity of core infrastructure, and removing distortions in logistics service markets to reduce costs and improve quality. At a regional level, harmonizing its logistics systems and aligning its customs with that of its neighbours could turn Bangladesh into an important node for regional freight flows and further boost its trade.

Source: Dhaka Tribune November 13, 2019 10:44 UTC