* **National Board of Revenue (NBR) - Customs:** Customs authorities, under the NBR, are responsible for implementing the IPO and EPO at the borders. verify declarations, and enforce compliance with trade regulations. They closely scrutinize consignments against the restricted and prohibited lists.
* **Bangladesh Bank (BB):** As the central bank, Bangladesh Bank plays a crucial role in regulating foreign exchange transactions related to imports and exports. They monitor the flow of funds, approve Letter of Credits (LCs), and ensure adherence to foreign exchange regulations.
* **Other Regulatory Agencies:** Depending on the nature sri lanka phone number list of the goods, other ministries or agencies may be involved. For example, for agricultural products, the Ministry of Agriculture's quarantine department might be involved; for pharmaceuticals, the Directorate General of Drug Administration.
### Practical Implications for Businesses
For businesses engaging in or aspiring to engage in international trade in Bangladesh, a thorough understanding of these lists and policies is not just about compliance; it's about strategic planning and risk mitigation.
* **Due Diligence is Paramount:** Before initiating any import or export, businesses must conduct thorough due diligence. This includes consulting the latest IPO and EPO to verify the status of the goods, understanding specific requirements (e.g., pre-shipment inspection, specific licenses), and identifying any potential restrictions or prohibitions.