Bangladesh to form body to pursue trade deals, monitor LDC graduation

18 Apr '25

1 min read

Dhaka to form body to pursue trade deals, monitor LDC graduation

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Bangladesh will set up a permanent trade negotiating committee similar to the Japan External Trade Organisation to ensure all activities related to graduation from the least developed country status are regularly supervised.
The body will comprise government officials, experienced non-resident Bangladeshis and experts from the private sector.
It will also conduct trade negotiations with countries.

Bangladesh will set up a permanent trade negotiating committee similar to the Japan External Trade Organisation and the Office of the US Trade Representative to ensure that all activities related to graduation from the least developed country (LDC) status are regularly supervised.

The body will consist of government officials, experienced non-resident Bangladeshis and experts from the private sector. It will also conduct trade negotiations with countries.

The decision was taken at a recent meeting on LDC graduation chaired by Chief Adviser Muhammad Yunus. The country is scheduled to graduate from the LDC status in November 2026.

Yunus said constant monitoring by a dedicated team is necessary so that no turbulence is seen in this journey’s ‘critical part’.

Yunus directed officials to take all precautionary measures so that no sector is affected due to LDC graduation, according to domestic media reports.

He said Bangladesh would turn into a manufacturing and economic hub in the region and discussed how this hub could be made in a better way after the LDC graduation.

Fibre2Fashion News Desk (DS)

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