To ensure that Bangladesh is not suddenly exposed to open competition, the country (Bangladesh) is preparing to propose continuity of preferential trade treatment for six to nine years after LDC graduation at the upcoming meet of the World Trade Organisation, scheduled to be held from 30 November to 3 December, in Geneva.
Reports claimed this while adding that Bangladesh has decided to cut its expectations through shortening the post-graduation trade-preference tenure from previously-planned 12 years, as per recent consensus of the LDC ministers even as Bangladesh is, reportedly, going to attend the WTO ministerial conference as a graduating LDC for the first time this year.
… the country would place its proposals as LDC-graduating country, not for LDC-graduated ones, reportedly, stated Md. Hafizur Rahman, Director-General of the WTO cell of the MoC, sharing Government’s priority points of discussion at a virtual dialogue on the upcoming MC12: Bangladesh’s expectations and possible stance recently.
