Preparation Staff asked 2 months ago Bangladesh is on track to graduate from the United Nations' Least Developed Countries (LDC) category to a developing nation status on 24 November 2026. This transition is the culmination of sustained economic growth, improvements in social indicators, and meeting specific criteria set by the UN for LDC graduation.
The decision to proceed with this graduation was confirmed by the country's advisory council, which emphasized the importance of preparing for the challenges and opportunities that lie ahead post-graduation. This move is expected to enhance Bangladesh's global standing and open up new avenues for trade, investment, and international cooperation.
However, this transition also means that Bangladesh will lose certain trade benefits associated with LDC status. To mitigate potential challenges, the World Trade Organization has agreed to extend duty-free market access for graduating countries like Bangladesh for a specified period beyond graduation. This extension aims to provide a smooth and sustainable transition, allowing Bangladesh to adjust to the new status without significant economic disruptions.
The graduation from LDC status is a significant milestone in Bangladesh's development journey, reflecting decades of progress and resilience. It necessitates comprehensive preparations across various sectors, including trade, industry, and social services, to ensure that the gains achieved are sustained and further built upon in the coming years.
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