Bangladesh, March 16 -- Bangladesh should move to ink free trade agreements with its major partners including China to cope with the possible loss of trade preferences in the post-LDC era.

The power-based nature of bilateral negotiations, however, makes this a much more challenging task than the multilateralism that has governed trade up to this point, warned the report titled "World Economic Situation and Prospects 2019."

The United Nations Department of Economic and Social Affairs (UN/DESA and the United Nations Conference on Trade and Development (UNCTAD) along with five other United Nations regional commissions produced the report.

The UN report comes a year after Bangladesh officially met the criteria for LDC (Least Developed Countr...