The central bank stated that to increase Bangladesh’s participation in online-based global markets, Bangladesh Bank has taken new policy initiatives. To facilitate and streamline cross-border e-commerce, the central bank has allowed exports under the Business-to-Business-to-Consumer (B2B2C) framework.

On Monday (24 November), Bangladesh Bank’s Foreign Exchange Policy Department issued a circular in this regard.

According to the circular, Authorized Dealer (AD) banks will now be able to process export transactions in cases where the foreign consignee is not the final buyer but acts as an intermediary platform or marketplace. This means products can be exported from Bangladesh through Amazon, eBay, Alibaba, Etsy, or any international subsidiary or third-party warehouse.

For such export activities, exporters must submit proof of their registration with the relevant global platform or warehouse to the AD bank. As traditional sales contracts are generally absent in the B2B2C structure, the fair value of export goods may be declared on the basis of a proforma invoice. Additionally, if the consignee is only a service provider, the bank can accept shipping documents prepared in their name.

Simplification has also been introduced for export proceeds. Export earnings may be received not only through normal banking channels but also via international payment service operators. Since payments for various shipments in online platform-based exports may arrive in combined form, banks will be able to adjust export proceeds following the First-in, First-out policy.

According to industry stakeholders, this decision by Bangladesh Bank will further accelerate cross-border e-commerce. New markets will open for small and medium exporters, and Bangladesh’s position in global online marketplaces will become stronger. The new framework will also play a significant role in increasing diversified exports of Bangladeshi products by connecting them to international digital retail channels.