LDC graduation and challenges
LDC graduation is a great achievement for Bangladesh. Though it will be finally declared in 2024. After LDC graduation Bangladesh will face a number of challenges.
Bangladesh is now enjoying different preferential market access facilities in USA, Canada , European Union countries. After graduation Bangladesh will loose this facilities.
Duty free and quota free market access under WTO agreement will be unavailable for Bangladesh.
Development cooperations provide specific facilities to support LDC countries. That also will be unavailable.
Soft loan from different international organization, foreign grants, technical support will be no more for Bangladesh.
More subscription fee have to be paid for getting aid for trade from UN
There are a lots of challenges waiting for Bangladesh, but according to current condition Bangladesh have ability to overcome those challenges. Hope she can.