Transition from Least Developed Principal Advisor Professor Dr. Muhammad Yunus has directed all concerned to be ready to face any possible challenges after graduating from the Least Developed Country (LDC) next year. He gave this instruction at the Advisory Council meeting on Thursday, his press secretary Shafiqul Alam said. Shafiqul Alam said, “Several position papers have been prepared to deal with the situation after graduating from the LDC. We are making adequate preparations. After graduating from the LDC in 2026, Bangladesh’s international status and business capacity will increase.”
In a briefing at the Foreign Service Academy, Alam said that the issue of graduating from the LDC had been under discussion for a long time and the final decision to graduate in 2026 was taken in Thursday’s meeting.
As a result of graduation, Bangladesh may lose various trade benefits, including duty-free benefits. At the same time, the Trade-Related Intellectual Property Rights (TRIPS) Agreement will have to be strictly adhered to.
Transition from Least Developed However, Bangladesh will enjoy duty-free market benefits for another three years after graduating from the developing country, he said. The expansion was approved by 166 member states at the World Trade Organization (WTO) ministerial conference in Abu Dhabi last year.
Deputy Press Secretary to the Principal Advisor Apurba Jahangir, Abul Kalam Azad and Senior Assistant Press Secretary Faiz Ahmed were present at the briefing
