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
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
The government will soon find an alternative for cash subsidies on export so that local exporters can remain competitive even after Bangladesh graduates from the list of least developed countries (LDCs) in 2026, according to experts.
The lobbying will start from next month
Bangladesh needs proper macroeconomic management to avoid middle income trap
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
Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.
The government will soon find an alternative for cash subsidies on export so that local exporters can remain competitive even after Bangladesh graduates from the list of least developed countries (LDCs) in 2026, according to experts.
The lobbying will start from next month
Bangladesh needs proper macroeconomic management to avoid middle income trap
Bangladesh and other graduating least-developed countries (LDCs) might not have received a clear-cut extension of the current duty-free trade benefit at the ministerial conference of the World Trade Organization (WTO) that concluded today (June 17, 2022), but their demand was recognised at the declaration.
