23 news articles tagged with "LDC Graduation"
Bangladesh will need approximately $421 billion in extra funding over the next five years to attain the Sustainable Development Goals (SDGs), according to a new government assessment unveiled at a national workshop in Dhaka.
Bangladesh has reminded the Bangladesh Trade and Tariff Commission to submit its Japan market report by July 25, as exports to Japan declined 3.65% to $1.36 billion despite the new Economic Partnership Agreement.
The Asian Development Bank has warned that Bangladesh's economy may struggle to regain momentum in FY2027, with exports having declined in nine of the last twelve months despite broader recovery hopes.
Bangladesh's non-traditional exports rose 15.76% to $742.5 million, but the headline conceals a split picture as Japan-bound shipments declined despite the new Economic Partnership Agreement.
The Dhaka Chamber of Commerce and Industry has urged the government to fast-track trade agreements ahead of LDC graduation, highlighting African markets as a major untapped opportunity.
Bangladesh's government has set ambitious post-LDC graduation investment targets even as private capital formation continues to lag, raising concerns about whether the country can sustain export competitiveness without its current duty-free market access.
Bangladesh's commerce ministry is preparing a five-year trade plan to address the export competitiveness challenges that will follow LDC graduation, with emphasis on market diversification, free trade agreement negotiations, and product upgrading.
Bangladesh's trade deficit widened 24% to $23.98 billion in FY2026, even as remittances climbed to a historic high of $35.5 billion, helping cushion the broader current account position.
The government has retained export incentives for 43 priority sectors in FY2027, preserving a critical support buffer as Bangladesh prepares to navigate the loss of LDC-era trade preferences.
Bangladesh's economy has crossed the $500 billion GDP mark, with the government now targeting a rise in per capita income from $2,820 to $5,000 and a doubling of services exports by 2031.
S&P Global has revised its long-term outlook on Bangladesh to negative from stable, citing persistent weakness in the domestic banking sector, fiscal constraints, and elevated risks from volatile global energy markets. The agency projected annual GDP growth to average 4.5 percent over the next three years, well below the government's recent growth targets.