News Desk: Commerce Minister Tipu Munshi has said that all parties need to support the LDC Group's proposal to extend the trade preference in the WTO by 12 years for easy passage after graduation and graduation.
Bangladesh has achieved development by utilizing duty free and quota free market facilities, Trips Weaver. He made the remarks at a virtual conference of trade ministers from the least developed countries through the UNCTAD Secretariat at the United Nations Office in Geneva on Thursday night (September 18). The Commerce Minister said that according to the WTO ‘Hong Kong Ministerial Declaration’, duty and quota free market facilities and preferential rules of origin for LDCs should be provided to the developed countries as per the ‘Nairobi Ministerial Declaration’. UNCTAD needs to provide effective assistance in increasing the productivity and infrastructural development of LDC countries.
Covid-19 could undermine the progress made by the least developed countries. Under the leadership of the Prime Minister of Bangladesh Sheikh Hasina, Kovid-19 is being successfully tackled. Bangladesh continues to play an important role in building a world free of hunger and poverty. UNCTAD is an international body of the United Nations. The organization provides policy and development assistance to developing countries on trade, investment and development.
The 15th session of UNCTAD will be held virtually on October 3-6. This post-Covid-19 session is crucial in addressing the next challenges and formulating development programs for the least developed countries.