Commerce minister Tofail Ahmed said that despite graduation from least developed country to developing one, Bangladesh would get generalised system of preferences in the European Union till 2027 and later on the country would be eligible for getting GSP plus. Bangladesh would face the post-graduation challenges related to the trade and business successfully as the country achieved the position through facing various challenges, he said on Bangladesh’s graduation at his Ministry office in Dhaka.
“We will fully graduate from the LDCs in 2024, but those countries which provide us GSP facility will continue it till 2027, and then we will get GSP plus,” Tofail said. He said Bangladesh is getting duty-free market access in many countries and the government is trying to sign free trade agreement with those countries which do not provide duty-free market access to Bangladesh. “Bangalee is the nation of heroes and we know how to face challenges,” he said. ‘United Nations has made the announcement of Bangladesh’s graduation as developing nation on the birthday of the Father of Nation Bangabandhu Sheikh Mujibur Rahman, which is a pride for Bangladesh,’ he said. “The announcement of the UN proved that Bangladesh has become Sonar Bangla today,” he said.