Home ›› 18 Nov 2022 ›› Back
Commerce Minister Tipu Munshi on Thursday said that there is a need to move forward with a long-term plan to increase the country’s exportable items and also to expand the export markets considering the smooth LDC graduation.
The minister said this while chairing working session-1 (Preferential market access and WTO issue) and working session-2 (investment and export diversification) under the ‘National Seminar on LDC Graduation’ at a hotel in the capital.
The seminar was organised by the Economic Relations Division (ERD) under its ‘Support of Sustainable Graduation Project’.
The minister informed that the government has been working with due priority to sign Preferential Trade Agreements (PTAs) and Free Trade Agreements (PTAs) with different countries to gain various trade related benefits.
He said the government wants to move ahead to accomplishing its tasks properly in line with the rules and regulations of the WTO while the country also aspires to attain the SDGs by 2030 and become a developed country by 2041.
Tipu said since Bangladesh would have to face many challenges for smooth LDC graduation by 2026, massive preparations have been undertaken to face these challenges.
He noted that all concerned stakeholders would have to perform their duties properly from their respective positions since the country would have to shoulder many responsibilities following the LDC graduation.
Tipu said, the RMG as being the largest exportable item of Bangladesh, has made a big market in the EU, USA and also in India.
“There is a huge scope for increasing the export of RMG items and we need to capitalise this opportunity. It won’t work to keep the sector dependent on only one commodity,” he said.
He mentioned that some 100 special economic zones are being set up across the country to attract both the local and foreign investments while construction work of many of those is nearing completion.
