Graduating to developing country will expand scope of export, investment: PM

 Graduating to developing country will expand scope of export, investment: PM

PM Sheikh Hasina

Ruling out apprehension that Bangladesh will have much to lose after graduating to “developing country” status, Prime Minister Sheikh Hasina today said the country would be able to avail more alternative facilities under WTO rules.

“Many people, perhaps, have a doubt that we’ll be deprived of many facilities as a developing country. We’ll be able to avail more facilities than what we would be deprived of,” she said.

The Prime Minister made the remarks while inaugurating the newly-constructed Bangabandhu Bangladesh-China Friendship Exhibition Centre in Purbachal.

She opened the state-of-the-art exhibition centre virtually from her official residence Gono Bhaban.

The centre equipped with modern facilities will be the permanent venue for product-based fairs round the year. It was constructed by the Export Promotion Bureau (EPB) under a project jointly financed by Bangladesh and China.

Sheikh Hasina said Bangladesh is now a developing country. “We’ll avail the alternative facilities accessible for developing countries under the rules and guidelines of the WTO…”

“We’ll get much more scope to expand our export and investment in the country,” she said.

The Prime Minister also urged the business community to produce quality products, diversify goods, expand the export basket and explore new export markets in order to sustain in the competition of the fast-changing global market.

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