The deal that changes the competitive landscape

The European Union and India reached a sweeping free trade deal granting Indian clothing manufacturers duty-free access to the bloc.

Bangladesh is not fully prepared to face the economic and institutional challenges that will follow its graduation from the least developed country (LDC) category later this year, business leaders and bankers said yesterday, warning that it could expose the economy to serious risks.

The panel inquired about Bangladesh's readiness for graduation

Bangladesh is scheduled to graduate from LDC status in November 2026

The government has not submitted any proposal for the deferral as of now

Business leaders tell UN delegation that past growth figures were inflated

The United Nations Committee for Development Policy (UN CDP), which reviews the least developed country (LDC) category, has invited Bangladesh to report on the progress of its preparation for graduation from LDC.

Short-term image building rather than long-term readiness drove the eagerness to graduate.

TRIPS waiver end poses dual challenge: legal and technological

Its high costs are hindering progress

The path ahead is becoming clearer, and more complicated.

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).