Even as Bangladesh inches closer to LDC graduation there are apprehensions, this might have adverse implications on the country’s export earnings, which was underlined yet again by recent report that maintained Bangladesh may lose out significantly for facing greater adversities and stricter rules-of-origin (RoO) requirements in export destinations, where it enjoys trade preferences, post the LDC graduation.
Media reports maintained this while adding as per the latest UNCTAD report, Bangladesh is likely to lose 14.28 per cent or US $ 5.73 billion worth of export earnings annually after it makes the transition to a developing nation from the least-developed country (LDC) status even as the report predicted Bangladesh’s prospect of trade loss is greater compared to other Asian graduating countries.
And this is primarily because of Bangladesh’s overwhelming dependence on trade preferences and other factors on the domestic front.
