Community Bank Bangladesh PLC and May International Trade Services Ltd have officially signed a Memorandum of Understanding (MoU) at the former’s head office. The agreement outlines the joint implementation of a Global Trade Intelligence Platform. This is a significant move towards improving trade compliance and streamlining international business operations, according to a press release.

The MoU was signed by Kimiwa Saddat, the Managing Director (Current Charge) of Community Bank Bangladesh PLC, and Syed Aminul Kabir, the CEO of May International Trade Services Ltd, representing their respective organisations.

The Global Trade Intelligence Platform is a key initiative for Community Bank Bangladesh PLC in its ongoing efforts to enhance trade compliance systems. The platform aims to integrate advanced technologies for monitoring and facilitating cross-border trade, which will benefit both local and international businesses. This collaboration marks a step forward for the bank in strengthening its international trade operations.

The implementation of the platform will provide real-time trade intelligence, enabling businesses to make more informed decisions while complying with global trade regulations. The initiative reflects Community Bank Bangladesh PLC’s commitment to staying ahead of the curve in global trade innovation and regulatory compliance.

This partnership is expected to foster stronger business ties and elevate the standards of trade compliance, benefitting businesses and partners alike in the global marketplace.