Bangladesh will continue to receive support and assistance from the European Union (EU) in order to achieve long-term graduation from the least developed country (LDC) category.
EU Ambassador Charles Whiteley highlighted his commitment to encourage EU investment in Bangladesh and said the EU was ready to give feedback and support in strengthening Bangladesh’s business climate, praising the country’s economic transition and high-quality exportable products.
- EU praised Bangladesh’s economic transition and high-quality exportable products
- Bangladesh will continue to receive support and assistance from EU
- President of the MCCI concerned about tariff increase upon LDC graduation
Md Saiful Islam, President of the MCCI, underlined the problems of LDC graduation and Bangladesh’s entry into the Middle-Income Country (MIC) group by 2026. He also stated his concerns about tariff increase upon LDC graduation and requested the EU to provide transitional assistance and continue the EBA (Everything but Arms) program for a fair duration in order to achieve sustainable graduation.
In response to Md Saiful Islam’s appeal, Whiteley stated that the EU will investigate the problems in a practical manner.
