Bangladesh might lose some of its businesses as it will graduate from LDC status

In addition, to increase competitiveness in exports, the document mentioned that the government has continued to provide export incentives to 36 products as in the previous fiscal year.

The government has identified 17 products to boost exports in the aftermath of the epidemic, which is expected to play a strong role in sustaining export growth after Bangladesh transitions from the least developed countries in 2026.

To reduce the trade deficit, the document said, measures are being taken to remove tariff and non-tariff barriers by executing bilateral trade agreements. Such agreements have already been signed by 44 countries.

Bangladesh, as per the rules and regulations of the World Trade Organization (WTO), might lose some of its businesses as it will graduate from the LDC status.