Bangladesh should pursue EU GSP+ facility for post-LDC era

The country should simultaneously pursue with the World Trade Organisation (WTO) for continuation of international support measures (ISMs) for six years after a country graduates from the least developed country (LDC) status, experts at the seminar said.  

As an LDC, Bangladesh is now availing duty-free and quota-free market access in the EU under the EBA scheme. However, it may not be able to avail this facility following a three years’ transition period after the LDC graduation.

Bangladesh Bank governor Abdur Rouf Talukder said the enhanced capacity acquired through the LDC graduation process would also enable the country to attain other national development goals, according to Bangla media reports.

ALCHEMPro News Desk (DS)