The LDC graduation round the corner, which will, reportedly, render existing Free Trade Agreements (FTAs) obsolete, Bangladesh is switching to a new set of policy guidelines titled ‘Regional Trade Agreement or RTA, so as to tackle the post-graduation challenges.
Media reports maintained this adding keeping with the same, Bangladesh has already drafted the policy guidelines focused on larger regional trade — the Commerce Ministry has also prepared the draft RTA policy by updating the existing FTA policy guidelines 2010 by incorporating changing patterns of the present global and domestic trade spirits — even if it has decided to switch over trading instruments as the FTA policy guidelines 2010 is, reportedly, seen ‘not time-befitting’.
Earlier, the Commerce Ministry had asked the Bangladesh Trade and Tariff Commission (BTTC) to update the existing policy guidelines on FTA-2010.
It may be mentioned here that by 2026, Bangladesh is expected to graduate into a
