“LDC graduation is likely to bring in certain challenges and affect export competitiveness. Bangladesh will face up to 7.5 per cent exports loss, according to the United Nations Conference on Trade and Development. Then a study by the World Trade Organisation said LDC graduation will have the greatest impact on the exports of Bangladesh. In the absence of LDC tariff preferences, exporters will find it difficult to compete with rival suppliers when taka is overvalued. Although LDC graduation would pose a “challenge” for the country, the government has taken enough preparations to face it, said Commerce Secretary Md Jafar Uddin.

Source: Dhaka Tribune December 20, 2020 18:45 UTC