Even as Bangladesh is all set to graduate from the league of Least Developed Countries (LDC), this would come with its own share of challenges, to offset which, the Government has decided to find an alternative for cash subsidies on export so as to enable the exporters to remain competitive even after the LDC transition in 2026.
According to reports, this was underlined by experts in knowledge of things, who further went on to claim the Government will also introduce bonded warehouse facilities for at least 10 sectors with high export potential in order to keep their earnings unhurt after the LDC graduation.
Decisions to this end were reportedly taken at a recent meeting of the National Committee on Exports, chaired by Prime Minister Sheikh Hasina in the capital Dhaka and attended by various ministers and their secretaries, senior officials of government agencies, and leaders of different businesses and trade bodies, the focus of which was on Bangladesh’s preparedness for facing challenges in trade after graduation, when the country will no longer enjoy preferential trade benefits.
