Home / Knowledge / News / Apparel/Garments / Lack of LDC benefits may hit Bangla trade growth: experts

Lack of LDC benefits may hit Bangla trade growth: experts

15
May '19
Pic: CPD Bangladesh
Pic: CPD Bangladesh
Though Bangladesh is on its way to graduate from the Least Developed Countries (LDC) group in 2024, it will continue to enjoy LDC benefits till 2027. But losing out on those benefits beyond 2027 can affect its trade growth, felt experts at a recent forum on ‘Current Debates at the WTO and the LDC Concerns’ organised by the Centre for Policy Dialogue (CPD) in Dhaka.

As the country will graduate at a time when the global trade scenario and the World Trade Organisation (WTO) are not in the best of situations, Bangladesh needs to have a clear understanding of the challenges it will face after graduating and should proceed with a concrete plan to ensure a smooth transition and a sustainable graduation from the LDC list, the experts said.

Bangladesh Garments Manufacturers and Exporters Association ()BGMEA) president Rubana Huq said WTO should consider providing special trade related facilities to Bangladesh’s readymade garments sector after the country graduates from the LDC status, according to a CPD press release. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 8th Aug 2020

Pandemic causes trade decline, dips commodity prices: IMF

Current account surpluses and deficits narrowed modestly in 2019, and ...

Pic: Shutterstock

Textiles | On 8th Aug 2020

Pak ministry working to get textile policy cleared by ECC

Pakistan's commerce ministry is busy trying to get the Textile Policy ...

Pic: Hermès International

Fashion | On 8th Aug 2020

Hermes Int H1 FY20: revenues €2,488 mn; net profit €335 mn

Hermes International SA, a French high fashion luxury goods...

Interviews View All

Saket Garg, Garg Corporation

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Apurva Kothari,

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Francesca Polato,

Francesca Polato

Berto Industria Tessile was founded in Bovolenta, a small town in the...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search