• Monday, Dec 06, 2021
  • Last Update : 01:15 am

PM Hasina: WTO rules will help Bangladesh more after LDC graduation

  • Published at 01:34 pm October 21st, 2021
FILE PHOTO: Prime Minister Sheikh Hasina addresses the weekly Cabinet meeting via videoconferencing on Tuesday, October 19, 2021 PID

Bangladesh will get more opportunities to expand its export and investment in the country, says the prime minister

Dismissing the apprehension that Bangladesh will finally be a “loser” as a developing country, Prime Minister Sheikh Hasina on Thursday said the country will be able to avail of much more alternative facilities under WTO rules.

“Many people, perhaps, have a doubt that we will be deprived of many facilities as a developing country. But we will be able to avail of much more facilities than what we will be deprived of. It will be a big deal [scope] for us,” she said.

The prime minister made the remarks while inaugurating the newly-constructed Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal.

She opened the eye-catching exhibition centre virtually from her official residence Ganabhaban.

The centre, equipped with modern facilities, is the permanent venue for different product-based fairs round the year. It was built by the Export Promotion Bureau (EPB) under a project jointly financed by Bangladesh and China.

Sheikh Hasina said: “Bangladesh is now a developing country. We will avail of the alternative facilities that are available for a developing country under the rules and guidelines of the WTO. We will be able to do that. So, I think there will be no big problem here.” 

“We will get much more scope to expand our export and investment in the country,” she said.

Product diversification

The prime minister urged the business community to produce quality products, diversify goods, expand the export basket and explore new export markets in order to sustain in the competition of the fast-changing global market.

More to follow...

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