Bangladesh’s overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study.
From FY25 beginning today, the maximum rate of export incentive has been set at 10% and the minimum at 0.3%
The forthcoming FY2024-25 national budget must show that we mean business.
It is especially important now as Bangladesh is set to graduate from its LDC status and become a developing country by 2026.
Bangladesh should make the most of the LDC-linked trade benefits during the extended three-year period agreed by the member countries of the World Trade Organisation (WTO), said experts yesterday.
It will require close collaboration between Bangladesh government and private sector
Bangladesh will keep enjoying duty-free market access for three more years after its graduation to a developing nation in 2026 as the extension was endorsed by 166 members of the World Trade Organisation (WTO) at its Ministerial Conference that concluded in Abu Dhabi on Friday night.
Bangladesh will continue to get duty benefit for three more years after the graduation to a developing nation from the least developed country (LDC) in 2026 thanks to the decision taken at the 13th Ministerial Conference of the World Trade Organisation (WTO).
Bangladesh is set to enjoy duty-free market access beyond its graduation from the least-developed country bracket in November 2026 after the World Trade Organisation yesterday decided to extend support measures for graduating countries.
The Cabinet yesterday approved the draft National Tariff Policy 2023 aiming to make Bangladeshi products more competitive in the international market
The Asian Development Bank yesterday said it is ready to provide all-out support to Bangladesh to face its immediate and long-term challenges to becoming an upper-middle-income country by 2031.
The prospective loan programme of the International Monetary Fund will prime Bangladesh for graduation from the least-developed country bracket and reach middle-income country status by 2031, said the lender’s top official.
Bangladesh and Japan today jointly started a feasibility study for signing a Free Trade Agreement (FTA) or Economic Partnership Agreement (EPA) to boost bilateral trade.
The Asian Development Bank (ADB) will prioritise its assistance to Bangladesh for graduation from LDC, climate change and sustainable development goals.
Bangladesh has become eligible for LDC graduation at the triennial review of the Committee for Development Policy (CDP) held in March 2018 by meeting the thresholds for graduation: Gross National Income (GNI) per capita, the Human Assets Index (HAI) and the Economic Vulnerability Index (EVI). Bangladesh has been able to satisfy all the three graduation criteria and that also with significant comfort margins.
People across the country yesterday celebrated Bangladesh becoming eligible for graduating to Developing Country by bringing out
Giving credit to people for meeting the eligibility criteria for Bangladesh's graduation to a developing country, Prime Minister Sheikh Hasina yesterday said the people can achieve anything. “It is an achievement of the people of Bangladesh. I think the country's people are the main source of all power. They can achieve anything,” she said.
In an inspirational show of unity and joy, the people from all walks of life have had a unique opportunity to celebrate the country's historic achievement of getting eligibility for graduating to a developing country.
There are challenges to the graduation from Least Developed Country (LDC) status for Bangladesh, however there are possibilities as well, Finance Minister Abul Maal Abdul Muhith says.
