BGMEA underscored the need for constructive dialogues, research, economic diplomacy and engagement with governments and stakeholders at international level so that the momentum behind Bangladesh’s economic growth continues to build after LDC graduation.
BGMEA President Faruque Hassan made the observations during a meeting with Masud Bin Momen, Foreign Secretary of Bangladesh, and Ambassador Rabab Fatima, Permanent Representative of Bangladesh to the United Nations held at the Permanent Mission of Bangladesh to the UN in New York on September 28, a press release said.
Director of Giant Group Sharmeen Hassan Tithi was also present on the occasion. The discussions encompassed the issues regarding graduation of Bangladesh from LDC, possible changes in the tariff regime in export markets and how preferential market access can be continued in the post-LDC status.
Faruque Hassan said finding pragmatic ways for retaining the market access facilities is vital to remain competitive in export markets while creating new market opportunities will be equally important to explore.
He laid emphasis on efforts in securing continuation of trade benefit for Bangladesh for 12 years after the graduation from the LDC category in 2026.
