Graduating from the least developed country (LDC) category will be a challenge for Bangladesh and there are many debates surrounding it, but the country has to graduate by 2026, Finance Adviser Salehuddin Ahmed said yesterday.
Chief Adviser to the interim government Professor Muhammad Yunus yesterday called for urgent and coordinated action from all relevant agencies to ensure Bangladesh's smooth and timely graduation from the least developed country (LDC) status.
There is no possibility of reversing the decision to graduate from LDC status, as the chief adviser has instructed all officials to ensure strong monitoring so that every sector remains unaffected, and the maximum benefits are reaped from the transition.
The monster of lawlessness, once unleashed, is not easily contained.
Bangladesh needs effective economic diplomacy to navigate global challenges post-LDC graduation.
The government has proposed removing and reducing import duties and supplementary duties on 282 products in fiscal year 2024-25 as it continues its efforts to prepare the nation for its graduation out of the Least Developed Country grouping.
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
The World Trade Organisation’s (WTO) decision to continue LDC-linked trade benefits for graduating least-developed countries will not only help Bangladesh avoid potential export losses for several years beyond 2026 but also allow it to attract much-needed investments, experts said.
Munshi made the comments after a meeting of the commerce ministers of the Commonwealth nations at the Marlborough House in London between June 5 and 6.
Graduating from the least developed country (LDC) category will be a challenge for Bangladesh and there are many debates surrounding it, but the country has to graduate by 2026, Finance Adviser Salehuddin Ahmed said yesterday.
Chief Adviser to the interim government Professor Muhammad Yunus yesterday called for urgent and coordinated action from all relevant agencies to ensure Bangladesh's smooth and timely graduation from the least developed country (LDC) status.
There is no possibility of reversing the decision to graduate from LDC status, as the chief adviser has instructed all officials to ensure strong monitoring so that every sector remains unaffected, and the maximum benefits are reaped from the transition.
The monster of lawlessness, once unleashed, is not easily contained.
Bangladesh needs effective economic diplomacy to navigate global challenges post-LDC graduation.
The government has proposed removing and reducing import duties and supplementary duties on 282 products in fiscal year 2024-25 as it continues its efforts to prepare the nation for its graduation out of the Least Developed Country grouping.
In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.
The World Trade Organisation’s (WTO) decision to continue LDC-linked trade benefits for graduating least-developed countries will not only help Bangladesh avoid potential export losses for several years beyond 2026 but also allow it to attract much-needed investments, experts said.
Munshi made the comments after a meeting of the commerce ministers of the Commonwealth nations at the Marlborough House in London between June 5 and 6.
Experts say at a seminar
