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Bangladesh govt forms national committee on exports

adv-07

Desk Report: Bangladesh government has formed a national committee to oversee the country’s exports as a whole, deal with export-related crises, and the challenges before and after graduation from Least Developed Country (LDC) status.

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The 44-member body consists of 11 ministers, 16 top officials and executives of various ministries, divisions, and organisations, and presidents of 16 export-oriented trade associations.

The committee, headed by the prime minister, will hold regular meetings and the commerce ministry will provide secretarial assistance to this committee, said the notification.

The body will also decide on the signing of bilateral and multilateral free trade agreements with various countries in light of the abolition of the Generalized System of Preferences (GSP) facility in 2028, once Bangladesh graduates from being a Least Developed Country (LDC).

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