In line with a recent consensus of LDC ministers, Bangladesh has decided to lower its expectations by shortening the duration of trade preferences after graduation from the previously planned 12 years.
Fishing and its fuel subsidies, agricultural issues, the moratorium on electronic commerce, national regulations on trade in services would also be kept on the agenda for discussions at the next conference, according to Bangla media.
At the 12th Ministerial Conference of the World Trade Organization, Bangladesh plans to offer continuity of preferential trade treatment for six to nine years after graduating from least developed country status so that it is not suddenly exposed to open competition. The conference is scheduled from November 30 to December 3 in Geneva.
A four-member delegation from the Bangladesh Ministry of Commerce would put the issues on the table at the conference. Bangladesh will attend the conference as an LDC graduate for the first time this year.
Fibre2Fashion Information Office (DS)