Bangladesh, Feb. 17 -- Bangladesh in all likelihood would face challenges in relation to its export trade, once it shakes off its least developed country (LDC) status.
The existing incentive regime will no more remain valid as soon as it goes out of the list of LDCs.
The country will be able to benefit from its existing policy of incentivising exports until 2023 as an LDC. Once it graduates from this grouping in 2024, the importing nations may raise questions about its eligibility to enjoy the benefits meant for the LDCs.
The current policy on subsidies then could be incompatible with the World Trade Organisation (WTO) Agreement on Agriculture and the Agreement on Subsidies and Countervailing Measures.
Currently Bangladesh is exempt fro...