Dhaka, Nov. 11 -- Bangladesh will continue to enjoy duty-free market access to Japan for three more years after graduating from the least-developed country (LDC) status as Tokyo has amended its tariff system to extend preferential treatment for LDCs.

Japan formally notified the World Trade Organisation (WTO) on November 5 of the reform in its Temporary Tariff Measures Law, allowing graduated LDCs to retain trade privileges for an additional three years.

The WTO's Committee on Trade and Development acknowledged Japan's measure on November 7, according to an official notification obtained by The Financial Express.

Japan's notification explained that its Generalised System of Preferences (GSP) aims to promote exports from developing econo...