According to British High Commissioner Robert Chatterton Dickso, Bangladesh will continue to benefit from a widely agreed generalized system of preferences (GSP) until 2027, i.e. up until three years after its LDC graduates. Both countries will find a trading system that will benefit both countries after 2027. Dickso elaborated on the results of the latest UK-Bangladesh Trade and Investment Dialog in Dhaka, saying that for all goods other than firearms and arms, the GSP gives quota and tariff-free market entry to the UK.
According to him, Great Britain is Bangladesh’s third-largest export destination and retains a strong trade balance with the United Kingdom. The principal export commodities are ready-made clothing, frozen fruit, IT technology, leather, jute and bicycle products.