The UK Developing Countries Trading Scheme (DCTS) is highlighted as essential for deeper integration into global supply chains. This will also ensure Bangladesh retains preferential access to the UK market after it graduates from the least developed country (LDC) status in 2026, the report noted.
The report also stresses on the need for infrastructural development in ports, logistics and digital systems to facilitate smoother bilateral trade. Aligning regulatory frameworks and fostering skill development through partnerships is also mentioned as vital to sustaining this synergistic partnership.
Over 240 British businesses hold key investments in Bangladesh in diverse fields ranging from textiles, banking to education.
Commissioned by HSBC, the study initiated in November last year was conducted by EY Bangladesh and Quay Asia, according to Bangladesh media outlets.
ALCHEMPro News Desk (DS)
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