As Bangladesh is all set to make the LDC transition, which will come with its own set of implications including on apparel exports, the FBCCI or the Federation of Bangladesh Chambers of Commerce & Industries has recommended the Government to scale up engagements with six major trade blocs to address the challenges that might stem from graduation to developing country.
FBCCI President Jashim Uddin, reportedly, maintained this recently while adding Bangladesh should approach the trade blocs — he referred to the trading alliances like the European Economic Union, USA, EU, Regional Comprehensive Economic Partnership (RCEP), post-Brexit UK and African Continental Free Trade Area, which he said control more than 90 per cent of world trade — for joining them, or sign trade agreements with the members belonging to the coalitions.
Underlining bilateral free trade agreements preferential trade agreements would be needed to make export sustainable and to survive the competition with the market peers, the FBCCI President said Bangladesh’s exports will experience tough competition both in terms of price and quality even as the local industries will also lose the shield of protective tariff and tax measures following the LDC transition.
Bharat Tex Special Report 2026 
