Dhaka, March 16 -- In a move to streamline international trade, Bangladesh Bank on Monday announced a new facility allowing exporters to send shipping documents directly to foreign buyers for goods valued up to US $100,000.

The Foreign Exchange Policy Department-1 of the central bank issued a circular in this regard today (Monday) aimed at bringing more speed and flexibility to global business operations.

According to the circular, Authorized Dealer (AD) banks can now permit exporters to prepare shipping documents in the name of foreign importers or their designated parties. Under this new arrangement, exporters are authorized to dispatch these documents directly to the importers or their nominees.

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