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Bangladesh should negotiate with the World Trade Organisation (WTO) for continuing trade benefits after it graduates from the least developed country (LDC) status in 2026, according to analysts, who say the country should also work on capacity building, export diversification, attracting foreign direct investment and skills enhancement to get prepared for the post-graduation period.
The analysts were speaking at a seminar on ‘WTO MC-12: Implications for Graduating LDCs’ in Dhaka organised by the Support to Sustainable Graduation Project under the government’s economic relations division.
The seminar analysed the key takeaways for Bangladesh from WTO’s 12th Ministerial Conference (MC12) in Geneva in June, according to Bangladeshi media reports.
Bangladesh should negotiate with the World Trade Organisation for continuing trade benefits after it graduates from the least developed country status in 2026, say analysts. It should also work on capacity building, export diversification, attracting foreign direct investment and skills enhancement to get prepared for the post-graduation period, they feel.
The next course of action and how the country should get prepared in the run-up to the next such conference were also discussed at the seminar.
Fibre2Fashion News Desk (DS)
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