Maldives Signs $10 million National Single Window Project with ADB

18 June 2019

The Government of Maldives has signed a $10 million project with the Asian Development Bank (ADB) for its National Single Window Project. The agreement was signed on 17 June 2019 at the sidelines of the Maldives Partnership Forum by Finance Minister Ibrahim Ameer and Mr. Ronald Butiong, Director for Regional Cooperation and Operations Coordination, South Asia Department, ADB.

Maldives is establishing a national single window system to help standardize the country’s customs and international trade procedures, under the South Asia Subregional Economic Cooperation (SASEC) partnership. The system will allow local entrepreneurs, traders, and service providers to transact business using electronic forms, thereby reducing delays and lowering costs for the clearance of goods at Maldives borders. The national single window project will also help regulatory agencies maintain controls over fees and duties on imports or exports.

ADB funding includes a loan of $5 million and a grant of $5 million from ADB’s Asian Development Fund. Technical assistance will also be provided to finalize the legal framework for operating the national single window system, capacity development of regulatory agencies, and pilot-testing of a blockchain system for tracking goods and documentation.

The national single window is in line with the operational priorities for trade facilitation under the South Asia Subregional Economic Cooperation (SASEC) program (grouping Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka). It is aligned with ADB’s Strategy 2030, which promotes the use of innovating technology and delivering integrated solutions.


Related Links:

Mr. M. Shahidul Islam, Secretary General of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation...

Read More


The Government of Myanmar plans to reduce the number of products requiring import licenses. Mr. Khin Maung Lwin,...

Read More


Mr. Piyush Goyal, Minister of Commerce and Industry of the Government of India, informed the Rajya Sabha, the...

Read More


An Indian cargo ship carrying a shipment of stone aggregate from Bhutan has arrived in Bangladesh. It passed...

Read More


Nepal exported 350 megawatts of surplus electricity to India in July, putting into practice energy banking between the...

Read More


The Asian Development Bank (ADB) has been tasked by the Ministry of Finance of the Government of India...

Read More


The Ministry of Foreign Affairs of the Government of Nepal organized the Seventh Meeting of the Nepal-India Oversight...

Read More