Based on the need assessment, extension of the trade benefit for the graduating LDC (least developed countries) will be allowed to specific countries only.
Reports claimed this while adding as per recommendations of the developing nations in the 12th Ministerial Conference (MC12) of the World Trade Organisation (WTO), the LDCs might not enjoy trade benefit under a common platform after graduation.
It may be mentioned here after LDC transition, Bangladesh would set to lose 26 types of benefits, including tariff preferences, subsidies and privileges on disputes, settlements, amongst others.
Reports, citing sources, further added the USA and some other developing nations were not in favour of continuation of the trade benefit on a wholesale basis.
