90% export loss to be account on Bangladesh after graduation to developing country 
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
MONDAY, MAY 23, 2022
MONDAY, MAY 23, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
90% export loss to be account on Bangladesh after graduation to developing country 

Economy

TBS Report 
04 March, 2021, 03:35 pm
Last modified: 04 March, 2021, 04:47 pm

Related News

  • Bangladesh and the Graduating Commonwealth LDCs
  • Nearly $25.45b govt debt kept out of calculation: Debapriya
  • Only implementing efficiency can offset rises in foreign loan cost
  • ‘The NBR should no longer be in charge of tax policy’
  • Focus on diversified export-oriented industrial sector: Speakers at Dhaka Chamber Dialogue

90% export loss to be account on Bangladesh after graduation to developing country 

Bangladesh's export loss will be equivalent to about 14.3 percent of the country’s global export

TBS Report 
04 March, 2021, 03:35 pm
Last modified: 04 March, 2021, 04:47 pm
File photo of TBS
File photo of TBS

Almost 90 percent export loss will be on account on Bangladesh among 12 countries after graduating to developing country from LDCs , according to World Trade Organization (WTO) Secretariat estimates. 

Bangladesh's export loss will be equivalent to about 14.3 percent of the country's global export. 

After graduation to developing countries from LDC group, Bangladesh will no longer be eligible for duty free and quota free market access beyond 2026.

However, this will not be applicable for Bangladesh in EU till 2029.

The information was made in a Dialogue on "Moving out from the LDC group: Strategies for graduation with momentum" of Centre for Police Dialogue on Thursday by CPD Fellow Mustafizur Rahman. 

Bangladesh was among very few LDCs which has been able to reap most benefits originating from preferential market access offered by developed countries. Consequently, it has the most to lose. 

Seventy per cent of Bangladesh's global exports are covered by preferential access, one of the highest in the world.

Among the 12 candidate graduating LDCs, Bangladesh is going to face the highest rise in tariffs.

However, for Nepal and Bhutan, for example, since they have bilateral FTAs with India, their key trading partner, effective tariff rise will be much lower. 

The impact of loss of preferential access will be significant for Bangladesh.

A time line, 2026, has been fixed for Bangladesh's graduation from the group of LDCs to a non-LDC developing country. 

The journey of four and half decades (Bangladesh was included in LDC group in 1975) will come to an end in 2026, after five decades. 

Meanwhile, CPD also recommended strategies for graduation with momentum.

Bangladesh / Top News

LDC graduation / developing countries / Centre for Policy Dialogue (CPD)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BPC hunts for dollar to import fuel oil
    BPC hunts for dollar to import fuel oil
  • Representational Image. Photo: Mumit M/TBS
    Govt to list products to suspend imports amid dollar crisis
  • Infographic: TBS
    With 2 months left, 45% ADP fund still unspent 

MOST VIEWED

  • Representational Image. Photo: Wikipedia
    European buyers back AP Møller-Maersk to run Patenga Container Terminal
  • Inflation jumps to 6.29% in April
    Inflation jumps to 6.29% in April
  • Infographic: TBS
    Businesses reel under soaring costs
  • Monthly Tk1,000 allowance sought for unemployed, poor
    Monthly Tk1,000 allowance sought for unemployed, poor
  • Concerns over india's wheat export ban
    Tough conditions get in way of Indian wheat import
  • Dollar price comes down to Tk98 day after crossing Tk100 
    Dollar price comes down to Tk98 day after crossing Tk100 

Related News

  • Bangladesh and the Graduating Commonwealth LDCs
  • Nearly $25.45b govt debt kept out of calculation: Debapriya
  • Only implementing efficiency can offset rises in foreign loan cost
  • ‘The NBR should no longer be in charge of tax policy’
  • Focus on diversified export-oriented industrial sector: Speakers at Dhaka Chamber Dialogue

Features

Why everybody wants to be like TikTok

Why everybody wants to be like TikTok

15h | Panorama
Illustration: TBS

How the ban on porn sites spawned a local cybersex industry

18h | Panorama
3 best affordable sunscreens for all

3 best affordable sunscreens for all

18h | Mode
Warah uses three types of khadi material: a sheer and light one, a medium count and a thicker one.

Warah: Embroidered with culture and womanhood

20h | Mode

More Videos from TBS

Investors, public to suffer from electricity price hike

Investors, public to suffer from electricity price hike

8h | Videos
Health benefits of summer fruits

Health benefits of summer fruits

9h | Videos
The way Bangladesh saves almost extinct fish

The way Bangladesh saves almost extinct fish

9h | Videos
Padma’s Char now largest grazing-ground

Padma’s Char now largest grazing-ground

9h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

3
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

4
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

5
BSEC launches probe against Abul Khayer Hero and allies
Stocks

BSEC launches probe against Abul Khayer Hero and allies

6
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab